The IPO markets continue to be held back by the government shut down but this week we have one name up on the calendar. The government shutdown has caused the SEC to operate with a limited staff which has held back some of the potential new IPO's from launching. This will be an interesting week to see if the one IPO is successful in their pricing.
The one and only IPO this week is New Fortress Energy (NYSE: NFE) which is an energy company with a unique way to play the liquid natural gas markets. The company is currently unprofitable but offers a way for investors to tap into the liquid natural gas markets globally with tons of new projects in the works. They will be pricing 22.2 million shares to the public in the $17-$19 range in hopes of raising $400 million.
There is a possibility that more IPO's could launch this week but as of now it remains quiet.