While there are no scheduled offerings for this last week of the quarter, the IPO markets are still moving full speed ahead, on track to set a record year. Looking forward to next quarter analysts are already focused on a few names that include a trucking company, an airline, as well a few software companies that will likely price in a few weeks.
Schneider National (NYSE: SNDR) is a leading US trucking company with over 11,000 vehicles. The company feels that they have a "differentiated business model" which makes it difficult for their competition, along with their proprietary technology platform. Founded in 1935 the company is now looking to move to the public markets with an offering that will include 28.9 million shares at a range of $18-$20.
Azul (NYSE: AZUL) which is the sole airline in 70% of the cities served will be looking to go to market to raise $478 million by offering 24 million shares at a range of $18.02-$21.81. The airline has seen growth in its focused territories, carrying 21 million passengers in 2016. Expect to see shares go public in the first week of the second quarter.