Well Snap, Inc. (SNAP ) was the big focus in IPO land this week and they didn't disappoint. Shares finished up with a 59% gain in just the first week of trading. NBC Universal was one of the participants in the IPO buying up $500 million worth of stock. The company was successful raising $3.4 billion which makes it the largest tech IPO since Facebook (FB ). Currently the company is valued around $38 billion.
Despite the media focus around Snap, Inc. the other offering for the week, Hamilton Lane (HLNE ) still moved forward with their offering and was successful raising $190 million. Shares were higher by 17% by the end of trade for the week.
This week we have three names up for their IPO. We have a technology company, a high end clothing manufacturer and a women's retail chain. What makes this week unique is that all three of these offerings are "exit IPO's". These companies were all purchased by private equity companies and they are now looking to see the reward for their efforts by taking the company public and "cashing out" their original investment.
Presidio (PSDO ) will attempt to raise $250 million by offering 16.7 million shares at a range of $14-16. According to the company website they are a leading provider of information technology solutions to the middle market in North America.
Canada Goose (GOOS ) is a manufacturer of high-end parkas. Founded in 1957 the company hopes to raise $225 million by offering 20 million shares at the $10.50-12.00 price range.
Finally, J. Jill (JILL ) is a national women's apparel brand focused on the affluent customer between the ages of 40 to 65. They hope to raise $175 million by offering 11.7 million shares to the public at a range of $14-16. The company touts their database which allows them to specifically identify each customer on almost every transaction., further driving sales.