Even part time IPO enthusiasts can feel the steam picking up in the world of new IPO's. Now that the broad markets have mostly recovered from the volatility back in February, companies are moving to launch. We have seen filings pick up along with media attention coming back to the space. Now, a lot of this has to do with the "brand name" IPO's in the works like DropBox (DBX ), and Spotify (SPOT ), but hey, all media attention is good attention and the IPO markets are starting to grab that attention once again.
This week we have a few names on the schedule, but it's likely that only one will grab the attention of IPO investors and the media. Zscaler (ZS ). This is a tech IPO which could pave the way for names like DropBox and Spotify. Now Zscaler doesn't have the name recognition that the others do, but it does have a reasonable valuation along with losses that investors can stomach. The company will be looking for $110 million this week, offering 10 million shares at a range of $10 - $12.
The next largest IPO on the schedule is Opes Acquisition (OPESU ) which is a blank check company that is looking at acquiring Mexican businesses. They hope to raise $100 million by offering 10 million shares at $10. The company has not specified a particular sector they are looking in. They have confirmed that they are open to different sectors, but will put the money to work in Mexico.
If biotech is more your speed then Arcus Bioscieneces (RCUS ) may be your focus. The company is focused in the cancer space and has an experienced management team. Heads up though, many analysts have indicated that this company will need much more funding in the future. They will initially offer 7 million shares at a range of $13 - $15.
Finally we have Bridgewater Bancshares (BWB ), a small community bank out of Minnesota. The company does have a focus on commercial real estate lending and is looking to expand on this. They will offer 6.7 million shares at a range of $10.50 - $12.50.