As the Snapchat excitement seems to wear off for now, IPO investors can once again turn back to other offerings in the markets. This week we have four names that will each be looking for over $100 million each on the calendar. The offerings include tech company's, high end clothing manufacturer, as well as a packaging manufacturer. Analysts still remain positive on the IPO markets in general and still expect this to be a record year.
This weeks offerings in order from biggest to smallest:
ProPetro Holdings (NYSE: PUMP), based out of Texas is hoping to raise $350 million this week offering 20 million shares in the range of $16 - $19. This is an oil services company providing hydraulic fracturing to oil and gas companies engaged in exploration and production. Founded in 2005 the company has 10 different fracturing units and is under contract to purchase two more after the offering. Investors also like the diversity of their customer base. Not one single customer makes up more than 20% of their revenues.
Canada Goose Holdings (NYSE: GOOS) is a 60 year old manufacturer of high end outerwear and is hoping to raise $300 million this week. 20 million shares will be offered at a range of $14- $16. The company has a long standing history of being a market leader in the parka sweater sub category and hopes to continue those efforts.
Ardagh Group (NYSE: ARD) is a global provider of metal and glass containers for consumer packaged goods. The company was founded back in 1932 and hopes to raise $300 million this week. To do this they will offer 16.2 million shares at a range of $17- $20. The company not only believes that it is number 1 in its space, but also numbers 2 and 3.
MuleSoft (NYSE: MULE) is an API-based application integration platform offering to enterprise customers. The company aims to make it easy for its customers to connect to applications, data, and devices. They hope to raise $169 million this week by offering 13 million shares at a range of $14- $16.