There are three names that will look to go public this week, though only one of them will likely steal the media's attention. This could be a record week as well with $2.5 billion worth of offerings. The companies are once again diversified. We have an energy company, a real estate investment trust and a security service company.
First up, and the largest of the week is ADT (ADT ) the behemoth alarm service provider. The company provides monitored security services for homes and businesses and is looking for $2 billion. They will offer 111 million shares at a range of $17 - 19 this week. This is sort of a cash out for private equity firm Apollo which bought them in 2016 for $12 billion. With the current offering range the company now feels they have doubled in value since Apollo took over, assigning a $23 billion valuation on ADT. Analysts focus in on margins which have improved since being bought. Annual growth is still a sore spot for the company with only 3% seen annually.
Next is Americold Realty Trust (COLD ) which will try again to launch. The company had previously tried to launch at higher valuations but withdrew during the last US market sell off due to the European debt crisis. The company will offer 24 million shares at $14 - 16 in an attempt to raise $360 million. This is almost half of the $645 they initially filed for previously. They do plan to pay a dividend right pay of about $0.19 a share which is seen as a sweetener to the deal.
Finally, the smallest deal of the week is Nine Energy Service (NINE ) which is an energy company looking for $150 million. The company expects that their broad footprint and industry trend toward more complex well systems will put them in just the perfect position for growth. They will offer 7 million shares at a range of $20 - 23 a share to hit their IPO goals.