Well, the rumors have finally been proven true. On Friday, littered across every financial news publication and all over financial television it was confirmed that Snap, Inc. (NYSE: SNAP), the makers of the popular app SnapChat would be going public. The company will be looking, as of now to raise $3 billion and, according to their filing, sees themselves with a valuation of $25 billion. No pricing terms have been reported yet but investors did get a better look into the financials of the company. Last year the company saw a huge jump in their number of users, but still lost $515 million. Even so this will still be the most focused on IPO since the Facebook (NYSE: FB) days.
This week we have a few interesting IPO's scheduled to launch, all with sizable offerings. There is a building products and a packaging company along with a real estate firm focused on properties specifically in New York city.
Mauser Group (NYSE: MSR) is a large, industrial packaging company that leads their industry in almost every product category they offer. They are looking to raise $265 million by offering 12.6 million shares at a range of $20-$22 to pay down some of its debt.
Foundation Building Materials (NYSE: FBM) bills themselves as a leading North American distributor of building products. Based out of Tustin, Califorina, they are coming to the IPO markets looking for $230 million, offering 12.8 million shares at a range of $17-$19.
Clipper Realty (NYSE: CLPR) is a real estate investment trust that currently has a portfolio of six properties in Manhattan and Brooklyn. They will come to the IPO markets this week in hopes of raising $103 million "to purchase the 107 Columbia Heights building in Brooklyn and for improvements to its existing holdings." Their offering will be 7 million shares at a range of $13.50-$15.50.