This week, all the attention from investors will be on the drama, and results of the midterm elections here in the states. With this in mind there are very few names that would schedule to launch their company into the public markets when the public markets will be focused elsewhere. Even those names that have postponed their IPO's will not likely come to market this week. If anything it could be later in the week should the markets respond favorably to the remaining earnings and midterm election results.
With all this in mind there are actually only two names up on the calendar for the week with a total of $82 million between the two of them in size. There are a total of 4 other offerings that technically could launch this week though there are no dates set just yet for them.
The largest offering of the week is CNFinance Holdings (NYSE: CNF) which is a Chinese based loan company. Their focus is on home equity loans and they have a total of $335 million in sales for the previous 12 months. They are offering 6.5 million shares at a range of $7.50 -$8.50 which puts them at a $600 million valuation. It should be noted that this name attempted to come public back in June at a $200 million valuation but decided to hold off.
The other offering of the week is a biotech. Alzheon (NASDAQ: ALZH), as the name hints at, is focused on the treatment of Alzheimer's disease. They currently are developing and testing their product and are in phase 3 clinical trials. While they currently have no sales, they are coming to market with an offering of 6 million shares at a range of $4 - $6 in hopes of raising $30 million. This would give them a valuation of $82 million.
While midterm elections certainly will be the focus this week, remember that the markets have been extra volatile of late and that should be attributed as one of the main reasons new IPO's have slowed. Until the overall markets can provide a more stable environment to come public, expect many postponements and less filings overall.