IPO's continue to ramp up in the new year as two more companies have joined the list of new filers. Blackstone's Invitation Homes (INVH ), which is currently the the nation's largest owner of single-family houses, filed for an IPO that we estimate will raise $1.5 billion or more. This was the company that was born as the housing crisis produced many deeply discounted homes. The REIT could begin trading as early as the week of January 30. The other is another energy name looking to continue the string of energy IPO's. Kimbell Royalty Partners (KRP ) filed for a $100 million IPO last week. The company controls oil and gas mineral interests across the US and has around $4 million in sales for the prior 12 months.
In other IPO news, Neiman Marcus (No exchange was ever selected) has decided to completely withdrawal its IPO. The luxury retailer that has 43 stores across was slated for $1 billion IPO, but after some delays and weak sales in the retail space the company has pulled back.
As far as new launches this week we have two potential IPO's on the table. AppDyanamics (APPD ) could launch as soon as Thursday. The provider of cloud-based enterprise software is a high profile name that is looking for $150 million. This will be a focus as their has been building interest in the high-reward, large-loss tech space.
Metallurgical coal producer Ramaco Resources (METC ) can file IPO terms on Friday at the earliest and will be looking for $100 million. The company is operating with reserves in Appalachia.
As far as the IPO list, it is building and building fast so analysts are fairly optimistic at this early point of 2017.