The IPO markets will seem like they are taking a break this week due to that fact that there are only 5 offerings up for grabs. While this is a perfectly fine week for IPO's is just seems light thanks to the last few weeks of double digit offerings.
The biggest, and likely most focused on offering of the week is the commercial real estate brokerage, Cushman & Wakefield (CWK ). The global real estate firm is by far the largest with their $765 million offering. 45 million shares will be offered at a range of $16 - $18.
Popular bluetooth speaker maker, Sonos (SONO ) will be the second biggest offering of the week with a $250 million offering. The tech company will offer 13.8 million shares at a range of $17 - $19. If successful that would give them a value of just over $2 billion. They have shown sales in the last 12 months of $1.1 billion.
Arlo Technologies (ARLO ) is a Netgear company that they are spinning off. The company makes smart security cameras and is looking for $194 million. Look for 10 million shares at a range of $18 - $20.
Forum Merger (FMCIU ) is the only blank check company on the books this week with hopes of raising $200 million. Look for 20 million shares at a price point of $10.
Finally, Bionano Genomics (BNGO ) will be looking for $34 million this week with shares offered in the $8 - $10 range. The biotech company offers a proprietary system for genome analysis that it hopes to further expand on. They are offering 3.4 million shares.
