There are a whopping 8 IPOs on the calendar this week seeking a total of $1.3 billion in proceeds. There are a few tech companies which will likely get all the media attention, along with some biotech names and more Chinese offerings.
First up is Evo Payments (EVOP ), which will likely receive the most media attention. The Atlanta-based company is seeking $210 million by offering 14 million shares at $14 - $16. Evo Payments is a payment processing company with over 525, 000 customers to its proprietary systems around the globe. The company feels they are in a prime position for growth.
Another headline IPO this week will likely be GreenSky (GSKY ). Also based in Atlanta, this company is focused on the digital lending market, with specific focus on merchant financing. They will be the largest offering of the week with a $750 million IPO. Look for 34 million shares to be offered at a range of $21 - $23.
If you like biotech IPOs, then there are four for you to choose from this week. The largest on offer is Kiniksa Pharmaceuticals (KNSA ), which develops inflammatory and autoimmune medications, and which will be seeing $126 million. They are offering 7 million shares at a range of $17 - $19.
Next is Scholar Rock (SRRK ), which focuses on spinal muscular atrophy diseases. They are a smaller offering, looking for $75 million to continue their development. Look for 5 million shares to come to market around $13 - $15.
Iterum Therapeutics (ITRM ) is working on antibiotics to target drug resistant bacterial infections and is in need of around $80 million. Their offering will consist of 5.3 million shares being offered around $14 - $16.
The last biotech is the smallest, with only an $8 million offering. Hancock Jaffe Labs (HJLI ) is focused on prosthetics for cardiovascular surgeries and will offer 1.1 million shares at a range of $6 - $8.
The last two names are Chinese companies focused in the tech space. Ambow Education (AMBO ) is an education and career-training service, which is looking for $6 million to further their growth. They will offer 1.5 million shares at a low range of $3.50 - $4.50.
The second name is CLPS (CLPS ) an IT services company focused on helping the financial sector in China. They will be looking for $11 million by offering 2 million shares at a range of $5 - $5.50.