The IPO markets continue to roar on with a total of six names scheduled this week. The total amount to be raised also is staying over $1 billion, which has been a record of sorts. If you like tech IPO's then this is the week for you as most of the names are tech and software related. The IPO that will get the most attention this week is a rapidly growing tech company based here in the US.
DocuSign (NASDAQ: DOCU) is well known, cloud based electronic signature service based on California. The company has a nice history of sales, doing $520 million in the previous year and, unlike other tech names we've seen this year it has positive cash flow, and is rapidly growing. They will be looking for $543 million by offering 21 million shares at a range of $24 - $26.
Next up is the second largest offering of the week, Ceridian HCM (NASDAQ: CDAY) which is a capital management software for corporations. The software offers human resources, benefits, payroll and other functions and has most of it's customers in the US and Canada. They are looking for $420 million by offering 21 million shares at a range of $19 - $21.
Sticking with the tech IPO's, next we have Smartsheet (NASDAQ: SMAR) which is an interesting piece of software that sort of acts like a spreadsheet. It's a cloud based offering and the company wants to expand it. They will be offering 11 million shares at a range of $10 - $12 in hopes of raising $128 million.
On the semiconductor side of tech is nLight (NASDAQ: LASR) which manufactures high powered lasers and semiconductors. The company is hoping to raise $76 million by offering 5.4 million shares at a range of $13 - $15.
If you like insurance plays then Gooshead Insurance (NASDAQ: GSHD) may be the offering for you. Based in Texas the company is a franchise for personal insurance across the US. They will be looking for $128 million with an offering of 8.5 million shares at a range of $14 - $16.
Finally we have a biotech name out of Taiwan. Taiwan Lipsome Co. (NYSE: TLC) is a drug formulation company focused on eye disease and pain management. THey are offering 4.6 million shares at $7.46 in hopes of raising $35 million.