This week the IPO markets begin to heat up again with 5 offerings on the schedule. Chinese names will dominate the listings this week with mostly tech based offerings.
The largest offering of the week is NIO (NIO ), a high performance electric vehicle maker out of China. They are hoping to raise $1.1 billion this week by offering 160 million shares at a range of $6.25 - 8.25. The company has $46 million in sales for the last year and is planning to come to market with around an $8 billion valuation.
Another Chinese IPO coming to market this week is 111 (YI ) which is an online healthcare website. The website focuses on the retail sector, working as a drugstore online. They hope to raise $140 million and will be offering 9.3 million shares at a range of $14 - $16. The company is being offered at a valuation equal to its sales over the last 12 months which is $1.3 billion.
The final Chinese IPO this week is Qutoutiao (QTT ) which is a new app that allows custom news feeds and news aggregation. The company will offer 16 million shares at a range of $7 - $9 in hopes of raising $128 million. The company has impressive sales of $1.1 billion which has attracted the attention of JD.com (JD ) which intends on buying up over 30% of the IPO.
Navios Containers LP (NMCI ) is a container contractor based in Monte Carlo. The company will be listing on the Nasdaq and hopes to raise $100 million. The company has $98 million in sales over the last 12 months and will offer 5.2 million shares at a range of $18 -$20.
The only American company going public this week is Principia Biopharma (PRNB ) which is based out of California. The biotech company will attempt to raise $75 million by offering 4.6 million shares at a range of $15 -$17. With only $29 million in revenue for the last 12 months the company comes to market with a relatively high valuation of $369 million.
