Historically this is the last week of a slow IPO summer stretch where very few listings go public. This year is no exception with only one IPO that we know will attempt to go public. There are a handful of names headed to the market in the coming weeks which have filed and are just waiting for the right time to price.
The only listing this week is Longevity Acquisition (NASDAQ: LOACU) which is a company formed for the sole purpose of acquiring a business in China. Very little is known about this deal which may make it unattractive to IPO investors. They are looking for $40 million and will will price 4 million shares at $10.
Some up and coming IPO's which will likely grab some media attention include Eventbrite which is an online event ticketing company with a social component. They initially filed for a $200 million IPO and are looking to price in the coming week.s Their filing shows they have $256 million in revenue for the past 12 months.
Fartech (NASDAQ: FTCH) is another name that filed last week as well and grabbed some attention as the company could be valued as high as $5 billion. The company is a luxury apparel and jewelry marketplace online with a niche clientele. This could be a $400 million offering in the first week of September.
In addition to these larger names, there are also a handful of smaller IPO's that are filling up the schedule for the first week in September. They offer more options in the way of education, and finance so while this week is quiet, the activity just after labor day is ready to pick up.