The IPO markets are plowing ahead at full steam with little signs of resistance from investors. Last week was a record week with almost everything going as planned or even better. April as a whole went down as the busiest month for IPO's so far and many are thinking that May will surpass it.
Well, I hope your ready because this week looks to be another record week with six potential deals and a whopping $1.7 billion in potential funds raised. To start the first week in May we will have two energy companies, three biotech firms and one real estate investment trust specializing in mortgages.
Antero Midstream GP LP (AMGP ) looks to be the largest offering of the week with a deal size of $875 million. To raise this much the energy MLP has set their terms quite aggressively. They will offer 37.25 million shares at a range of $22 to $25. This would put a value of $4.375 billion on the company if successful.
Liberty Oilfield Services (BDFC ) is the second largest offering of the week. The Hydraulic fracturing services company is hoping to raise $400 million by offering 22.8 million shares at a range of $16 - $19. The company claims that the demand for their services currently exceeds their capacity and hopes to raise more money from the public to feed their strong growth.
KKR Real Estate Finance Trust (KREF ) is looking for $210 million this week to further fuel their mortgage lending business. The New York based company will be offering 10 million shares at a range of $20.50 - $21.50.
Biohaven Pharmaceuticals (BHVN ) is a Connecticut based company that develops treatments for migraines and other neurological disorders. They will be looking for $125 million in exchange for 8.3 million shares at a range of $14- $16.
Ovid Therapeutics (OVID ) is a clinical state biotech company that is developing treatments for rare, neurological disorders. The company will be looking for $80 million this week by offering 5 million shares at a range of $15 - $17.