This week the IPO markets continue, full steam ahead with the potential for seven new issues. We have a monster, $1 billion IPO on the books from an industrial parts manufacturer, along with a real estate development company and an oilfield equipment provider. Other notables include a regional bank and a biotech.
Gardner Denver Holdings (NYSE: GDI) is this weeks largest IPO potentially raising over $1 billion. The industrial and systems manufacturing company will issue 41.3 million shares at a range of $23 - $26. The company currently has strong sales in over 175 countries. They also tout the favorable long term growth prospects by expanding into other manufacturing sectors.
Five Point Holdings (NYSE: FPH) is the second largest offering of the week. The real estate development company is hoping to raise $399 million by offering 21 million shares at a range of $18 - $20. The company hopes to use the investments to further develop their three communities.
Guaranty Bancshares (NASDAQ: GNTY) is a Texas based bank with $1.8 billion in assets. The 26 location bank is hoping to raise $54 million by offering 2 million shares at a range of $26 - $28. Founded in 1913 the company is hoping to further expand on it commercial and consumer banking business, as well as trust and wealth management services.
Solaris Oilfield Infrastructure (NYSE: SOI) is a Houston based company which provides mobile and frac sand storage silos used in oil and gas production. They are hoping to raise $175 million by offering 10.6 million shares at a range of $15 - $18.
ASV Holdings (NASDAQ: ASV) is offering 3.8 million shares at a range of $8 - $10 in hopes of raising $88 million. The Minnesota based company is a manufacturer of loader equipment under the brands CAT, Terex, and ASV.
Veritone (NASDAQ: VERI) is a software company that is currently developing a platform that analyzes media data. They are looking to continue their development by raising $19 million. They will offer 1.25 million shares at a range of $14 - $16.
Accelerated Pharma (NASDAQ: ACCP) is the smallest offering of the week with a $12 million deal size. The biotech company will offer 2.4 million shares at a range of $4 -$6.