Despite the recent market volatility there is actually quite a bit of activity in the IPO markets. This week there will be a total of 5 IPO's on the schedule, but really only one will grab the bulk of the attention from investors.

The first, and most notable of the week is Chinese based, Tencent Music (TME  ). This is the largest online music streaming platform in China. They have $2.5 billion in sales over the last 12 months and will be looking to raise $1.1 billion in their offering. They will offer 82 million shares at a range of $13 -15 which could give them a valuation of about $23.5 billion.

The other Chinese based IPO this week is 360 finance (QFIN  ) based in Shanghai. This is an online, consumer lending platform which is rather young. Started in 2016, the company does show $235 million in sales for the current 12 month window. They will offer up 3.1 million shares at a range of $16.50 - $18.50 in hopes of raising $54 million.

Legacy Housing (LEGH  ) is a Texas based company that specializes in building, and financing manufactured homes. They have $169 million in sales over the last 12 months and hopes to raise $41 million. Look for 3.5 million shares at a range of $10.75 - $12.75.

There are two other names on the schedule as well, all of them fall into the "blank check" category which have not performed very well this year. The largest is CF Finance (CFFAU  ) which will offer a stock / warrant package in hopes of raising $250 million. The other one is Chardan Healthcare (CHACU  ) which was setup to focus on acquisitions in the healthcare space. They will offer 7 million shares in hopes of raising $70 millionl