With the government officially (but temporarily) reopen again IPO's are free to enter the markets. Last week there were talks of how new listings would take measures to go around the traditional process of launching but none of that is required now that the SEC is reopen for business. Given that this is a temporary re-opening of the government it is possible that we see an influx of names that try to file just in case the political drama isn't quite over.
This week there are only two names so far that we expect to price but there are a slew of biotech names that will likely flood the SEC with their before mid February, and even more that could technically price later in the week.
Both offerings this week are referred to as blank check companies. This is an industry term to define a company that has no business model or actual products or services offered. These companies this week were formed to raise money to then acquire other businesses. Potential investors are taking a chance on the management team and their experience in their respective industries.
The first is Pivotal Acquisition
The second is Andina Acquisition III