There is a whopping ten IPO's on the calendar this week and combined they are looking for a total of $1.5 billion from the market. There are really only a few that will likely make headlines and one for sure that will dominate the media coverage. If you are an avid IPO investor then the IPO this week that should most certainly be on your radar is Blue Apron which will be looking for $480 million. Other than that we have a handful of biotech companies, a few banks and a storage company.
First up, and the largest of the week is Blue Apron Holdings (APRN ). This is the most popular meal delivery service in the states where consumers can order kits that include everything you need to make a meal. The company will be looking for $480 million by offering 30 million shares at a range of $15 - $17. Of concern for investors is the recent influx of competition in the market place which has caused the company to increase their overall marketing dollars. This will be the most focused on IPO of the week.
Next is TPG Pace Holdings (TPGH.U ) which is a blank check company looking for $400 million. The company which was formed by hotwire.com founder Karl Peterson will be offering 40 million shares for $10.
There are five biotech companies this week with the first being the largest. Akcea Therapeutics (AKCA ) which is a late stage biotech focused on rare lipid disorders. The company is looking for $125 million in exchange for 9.62 million shares at a range of $12 - 14.
Dova Pharmaceuticals (DOVA ) is looking to commercialize a drug that they acquired which is for those with low blood platelets. To get this product to market they are looking for $65 million and will offer 4 million shares around $15.
Aileron Therapeutics (ALRN ) is a small biotech company that is using "stapled peptides" to target different cancers. They will offer 3.75 million shares at a range of $15 - $17 in hopes of raising $60 million.
Mersana Therapeutics is an early stage biotech company that is developing drug focused on different cancers and hopes to raise $75 million from the public. According to their filing they will issue 5 million shares at a range of $14 - $16.
Avenue Therapeutics (ATXI ) is the last biotech IPO which is a spin off from Fortress Biotech. The new company is looking for $30 million to continue to develop an IV formulation of the opioid tramadol. They will issue 5 million shares around $5.
Esquire Financial Holdings (ESQ ) is one of the two banks looking to go public this week. The company is a small, commercial bank out of Jericho, NY that provides "attorney-related loans". With over $400 million in assets the company will look to the public to raise $35 million by issuing 2.3 million shares at a range of $14 - $16.
Byline Bancorp (BY ) is the other bank on the calendar this week which is based out of Chicago. The small bank has 56 branches and around $3 billion in assets. They are looking for $114 million and will offer 5.7 million shares at a range of $19 - $21.
Finally, we have Tintri (TNTR ) based out of California. According to their filing the company currently sells "all-flash arrays and software to create enterprise clouds." They hope to raise $100 million by offering 8.7 million shares at a range of $10.50 to $12.50.