As the Thanksgiving holiday comes to an end and the markets look towards the end of the year there is not much focus that gets placed on the IPO markets. It doesn't mean that there is something wrong with it, just that investors and marketers are focused on next year at this point and will likely not bring many deals forward for the rest of the year. November was slow with only three new names coming to market, but many attribute this to the election season and companies wanting to avoid the unknown. Despite the slowdown, we still see a trickle of names filing, along with one name on the calendar for this week. The one deal on the books this week is a second attempt with a lower offering amount than last week.
Innovative Industrial Properties
According to the filings in the works, next week could see a nice, temporary pickup for IPO's with potentially three names looking to come to market.