This week will be another record week for IPO's as the deluge of companies wanting to launch continues. In this favorable market environment there will be 9 names attempting a launch this week. Last week was a record with $2 billion in IPO's and this week will top that with potentially $3.5 billion in funds raised. We have biotech names, REIT's , energy, and global names this week.
Let's start with the REIT IPO as it is the largest of the week. VICO Properties (VICI ) is looking for $1 billion this week. The company manages "experiential real estate" properties for Caesar's Entertainment and will offer a whopping 50 million shares at a range of $19 -21. Currently the REIT operates 20 properties which include Caesars Palace in Las Vegas as well as Harrah's in Vegas as well.
Popular Airport concession vendor Hudson (HUD ) is another large offering of the week, seeking $788 million. With 989 stores in 88 different terminals the company is looking to expand further and reduce debt. They will offer 39.4 million shares at a range of $19 - 21.
Sticking with the travel space, America Airports (CAAP ), which is not actually an American company is looking for $600 million. The Argentina based company operates 52 airports globally, but mostly in Argentina. They will offer 28 million shares at a range of $19 - 23
In the biotech space we have a few names, though mostly small offerings. First is Sol-Gel Technologies (SLGL ) which produces a specialized acne cream made up of tiny micro-capsules. They will offer 5 million shares at $11- 13 in hopes of continuing development of their signature product. The other name in the space, which has continuously postponed their offering, is Adial Pharmaceuticals (ADIL ). They are still looking for $14 million to continue developing their alcohol use disorder therapy. This may finally be the week they launch.
In the energy space there is Central Puerto (NADSAQ: CEPU) which is a utility company based in Argentina. They are the leading power producer in Argentina and they will look to the U.S. markets to raise $692 million. Back in the states, Texas based, FTS International (FTSI ) hopes to raise $250 million by offering 15 million shares at a range of $15 - 18. The company is a fracturing services company and is looking to expand.
The last two of the week are attempting to raise $50 million and $20 million respectively. The first is a blank check company that is interested in acquiring cannabis service company's. MTech Acquisition (MTECU ) will offer 5 million shares at $10. The other is a computing systems company. One Stop Systems (OSS ) is looking for $20 million by offering 2.8 million shares at a range of $6 - 8.
