Well it would seem that tech is the comeback kid this year so far as investors appetite for these aggressive IPO's are increasing. We all know of the Snap, Inc. (SNAP ) IPO which had a record IPO launch two weeks ago, but last week it was followed up with MuleSoft (MULE ) which set the record for the best first day, closing higher by 46%. This week there is another tech IPO and investors seem anxious to get on board with this one as well.
Alteryx (AYX ) is an enterprise software company which provides a self-service data preparation and analytics platform. It is a subscription-based platform so focus on subscribers will be a key metric going forward. As of their filing they have 2,328 customers which span the globe. The company will be looking to raise $117 million by offering 9 million shares at a range of $12 - $14. Shares are expected to officially price on Thursday of this week.
Making a second attempt at an IPO this week is insulin pen replacement maker, Valeritas (VLRX ). Back in 2015 the company tried to raise $75 million but chose to list on the OTC instead. This week they will look to raise $60 million by offering 6 million shares at a range of $9 - $11.