As is typical in a holiday week the number of IPO's tends to be light. This week is no exception. With the Presidents day holiday on Monday there are only two names that are on the schedule to attempt their offering. Combined the two names will be looking for just under $300 million.
First up is a blank check company which was formed to acquire asset management businesses in the financial technology space. Crescent Funding (NASDAQ: CFUNU) is the company which many have speculated on which company they are looking to acquire as this part of the industry really heats up, but the company remains mum. The quest to acquire the younger retirement investor business has led many to simply buying out the companies that have been able to gain the trust of that tough customer. The company is looking for $250 million by offering 10 million shares at a price of $10.
The second name this week is Aspen REIT (NASDAQ: AJAX), which if the name hasn't given them away yet, is a REIT. The company is being formed to own Colorado's, St. Regis in Aspen. They will need $34 million to make this happen and will offer 1.7 million shares at a price of $20 per share to make this happen.
Now that the markets volatility seems to have settled down, many are expecting to see quite a few filings for new IPO's this week. It will be an important week to tell if the stocks looking to go public think it's safe to come back to this wild market.