This week could possibly go in the record books as the busiest week of the year. The IPO markets will attempt to raise 2 billion with around 10 offerings. As is common this time of year there are a slew of names filing to try and launch before the Christmas break.
The largest IPO of the week comes out of China once again. Sogou (SOGO ) is a large mobile search engine that will be looking to raise $540 million. This highly profitable search engine has been rapidly stealing users from Baidu (BIDU ) which has them growing rapidly. They will look to offer 45 million shares at a range of $11 - 13.
The second largest offering of the week is Workspace Property Trust (WSPT ), a real estate investment trust that specializes in suburban office space. Offering 39 million shares at a range of $12 - 15, they hope to raise $527 million. They claim they will offer around a 4% dividend.
Continuing with the Chinese offerings, PPDAI Group (PPDF ) will be looking for $298 million in exchange for 17 million shares at $16 - 19. The company operates a peer to peer lending site and hopes to expand. Though the company is quite profitable, investors are concerned about the short lifespan and regulations.
Another Chinese offering is in the education space. Four Seasons Education (FEDU ) is an after school math and tutoring service that will be looking to raise $101 million by offering 10 million shares at a range of $9 - 11. The rapidly growing company is looking to expand to new territories to continue it's growth.
Bandwith (BAND ) is a VoIP network company that offers commercial customers voice and text software services. They are a smaller offering looking for $84 million in exchange for 4 million shares at a range of $20 - 22.
Germany has an offering this week in the form of a biotech. InflaRx (IFRX ). The company is entering its second phase trials for it's rare skin disease medications and will hope to raise $100 million. They will offer 6.6 million shares at a range of $14 - 16.
Apellis Pharmaceuticals (APLS ) is another biotech that is developing protein inhibitors for autoimmune diseases. They hope to continue their efforts by raising $150 million by offering 10.7 million shares at a range of $13 - 15.
CBTX (CBTX ) is a smaller offering this week. The Texas based, commercial bank is looking for $60 million to try and grow it's overall assets. They will offer 2.4 million shares at a range of $24 - 26.
Metropolitan Bank Holding (MCB ) is another commercial bank looking to go public this week. The New York commercial bank has 5 locations and will be looking for $101 million by offering 3.1 million shares at a range of $31 -34. With this funding they plan to open a sixth branch.
Finally we have AMERI Holdings (AMRH ) out of New Jersey with hopes of raising only $8 million. The company outsources IT services to SAP customers and will offer 1.2 million shares at $6.51.