The IPO markets continue to plow ahead as the overall market continues to provide a healthy environment to go public. This week we will see as many as five offerings attempting to raise over $750 million combined. While that is not a record, analysts still point to this as signs of a bullish IPO market.
The largest offering this week may be a coal company by the name of Warrior Met Coal (NYSE: HCC). Based in Alabama the company will be looking for $300 million this week. They will be offering 16.6 million shares at a range of $17-19 and if successful it would give them a market cap of almost $1 billion. The company produces and exports coal which has seen steadily rising prices since President Trump took office. If they are successful launching this week it will be only the second coal company to go public this year.
The smallest offering this week will be from a biotech named Tocagen (NASDAQ: TOCA). The company is working on gene therapy for brain cancer and hopes to raise $87 million to continue their trials. The company will offer 7.25 million shares at a range of $10-12.
Yext (NYSE: YEXT) is one that many will be watching as its growth has been a major focus. The company will be looking to raise $95 million with shares pricing around $8-10. Sales growth has been highlighted as being up 38% in their fiscal year 2017. This may be one of the major focus IPO's for the year.
Netshoes (NYSE: NETS) is a Brazilian shoe and fashion retailer looking to raise $157 million. The online retailer has yet to show a positive return on their efforts but is still a leader in its space and is hoping that throwing money on their fire will spur profitable growth.
Cadence Bancorporation (NYSE: CADE) is a Texas based bank that has 66 locations around the region. They are coming to market looking for $150 million by offering 7.5 million shares. The regional bank has $10 billion in assets and would be the first US bank to go public this year if successful.