After a slow holiday week with no offerings its time for IPO investors to wake up and get ready for the big show! Snap, Inc. (NYSE: SNAP) will be finally coming to market with the much anticipated IPO of the year so far. There is one other IPO this week, Hamilton Lane (NASDAQ: HLNE) which falls in the financial space.
Snap, Inc. (NYSE: SNAP) will no doubt steal the show this week week with their $3 billion offering. Investors risk tolerance will be tested this week as the company is coming to market with a valuation of $21 billion. Remember they have yet to make a profit and have work to do on their advertising placement on the app.
Hamilton Lane (NASDAQ: HLNE) unfortunately will have to do something to try and steal the attention from the social media offering as Snap will dominate the headlines. Many analysts would agree that they should probably wait a week before launching but as of now they are full steam ahead. The alternative asset management company will be looking for $190 million this week.
There are many other companies that could come public at a moments notice but it is quite likely that you don't see that happen this week if everything goes smoothly for Snapchat.