Last week there was six IPO's that made it public but the real news was the one that didn't make it. AppDynamics was the app performance company that was set to raise $156 million in the open market, but at the very last moment Cisco Systems (CSCO ) announce they would buy the company for $3.7 billion. This was a billion and a half more than the whole company would have been worth if it had a successful IPO. This was great news for the IPO markets as investors will now assume more of the tech names of are a greater quality. Add to it that SnapChat (SNAP ) is due to file this week and you have an IPO market that is very quickly going to be thrust into the media limelight once again.
This week we have another great week scheduled. The largest IPO in over a year is set to launch, looking to raise $1.5 billion. If successful it means that the IPO markets would have raised more in two weeks than they did in the entire first half of 2016.
Invitation Homes (INVH ) could be the largest deal as the real estate investment trust made up of single family homes is looking to raise $1.5 billion. The current price range is set at $18-21, but many think it will likely be higher than this.
Another respectable deal size is Laureate Education (LAUR ). This is the worlds largest, for profit education company and will be looking for $537 million. Current projections show that shares will cost you anywhere from $17-20.
IC Power (ICP ), based out of Lima, Peru will be looking for $350 million in an offering of 25 million shares at a range of $12-15. The high debt load will be a focus on this company by investors.
Braeburn Pharmaceuticals (BBRX ) is a company that is attempting to commercialize an implant for the treatment of opioid addiction. They are looking for $150 million to continue their efforts and will offer 7.6 million shares at a range of $18-21.
Kimbell Royalty Partners (KRP ) owns 3.7 million acres of oil and gas mineral interests across the US and will be seeking an even $100 million from the public. The current range shows that shares will be in the $19-21 range.
The last two are Ramaco Resources (METC ) and Visterra (VIST ) which will be looking for $81 million and $50 million respectively. Both are currently projected to be offering shares in the $12-15 range.
