The IPO markets have quite a few names that could go public this week in new listings, as well as several that have been delayed thanks to recent market volatility. The good news is there's a decent amount of diversification in both size and sector. Any names that feel it's a good environment to launch will likely do so this week ahead of the shortened Thanksgiving week that will follow.
The largest offering of the week is Qualtrics International (XM ), which is hoping to raise $400 million. The software company is coming to market with a valuation pushing $5 billion, but investors will note the rapid growth over the last 10 years. Unlike other IPOs, this name can report positive cash flow. Look for them to offer 20.5 million shares at a range of $18 to $21.
One of the more interesting IPOs this week is Centrexion Therapeutics (CNTX ). This is a biotech focused on non-opioid medications to treat chronic pain. The Trump administration has made combating opioid addiction a priority, so non-opioids may face less scrutiny. This company is coming to the markets looking for $75 million by offering 5 million shares at a range of $14 to $16.
There are two blank check companies coming public this week. AMCI Acquisition (AMCIU ), which focuses on the coal industry, will look for $200 million by offering 20 million shares at $10. The other name is FinTech Acquisition III (FTACU ). Bancorp (USB ) is leading the funding. The company will be offering 27.5 million shares to raise $275 million. Their goal is to acquire a financial technology business.
Weidai (WEI ) is an online company that offers secured loans that are automatically secured for small businesses in China. Insiders are eager to get their hands on this offering. They will offer 4.5 million shares at a range of $9 to $11 to raise $45 million.
Uranium Trading Corp (UTC ) is a brand-new company that was just formed this year and wants to invest in the civil uranium market. With no sales or revenue of any kind, the company is hoping to raise $50 million by offering 4.5 million shares at a range of $10 -$12.
Vapotherm (VAPO ) is hoping to raise $60 million this week by offering 4 million shares at a range of $14 to $16. The company is focused on noninvasive breathing aids for respiratory diseases and has $41 million in sales over the last year.