There are a whopping 8 IPOs on the calendar this week seeking a total of $1.3 billion in proceeds. There are a few tech companies which will likely get all the media attention, along with some biotech names and more Chinese offerings.
First up is Evo Payments (NASDAQ: EVOP), which will likely receive the most media attention. The Atlanta-based company is seeking $210 million by offering 14 million shares at $14 - $16. Evo Payments is a payment processing company with over 525, 000 customers to its proprietary systems around the globe. The company feels they are in a prime position for growth.
Another headline IPO this week will likely be GreenSky (NASDAQ: GSKY). Also based in Atlanta, this company is focused on the digital lending market, with specific focus on merchant financing. They will be the largest offering of the week with a $750 million IPO. Look for 34 million shares to be offered at a range of $21 - $23.
If you like biotech IPOs, then there are four for you to choose from this week. The largest on offer is Kiniksa Pharmaceuticals (NASDAQ: KNSA), which develops inflammatory and autoimmune medications, and which will be seeing $126 million. They are offering 7 million shares at a range of $17 - $19.
Next is Scholar Rock (NASDAQ: SRRK), which focuses on spinal muscular atrophy diseases. They are a smaller offering, looking for $75 million to continue their development. Look for 5 million shares to come to market around $13 - $15.
Iterum Therapeutics (NASDAQ: ITRM) is working on antibiotics to target drug resistant bacterial infections and is in need of around $80 million. Their offering will consist of 5.3 million shares being offered around $14 - $16.
The last biotech is the smallest, with only an $8 million offering. Hancock Jaffe Labs (NASDAQ: HJLI) is focused on prosthetics for cardiovascular surgeries and will offer 1.1 million shares at a range of $6 - $8.
The last two names are Chinese companies focused in the tech space. Ambow Education (NASDAQ: AMBO) is an education and career-training service, which is looking for $6 million to further their growth. They will offer 1.5 million shares at a low range of $3.50 - $4.50.
The second name is CLPS (NASDAQ: CLPS) an IT services company focused on helping the financial sector in China. They will be looking for $11 million by offering 2 million shares at a range of $5 - $5.50.