This week the IPO markets continue to be in their holiday slowdown and the offerings are small. Such small offerings are usually referred to as "Micro-IPO's", due to their low market capitalization and deal size. The three names from last week will also carry forward as "day to day" for this week. This gives you an idea of how slow the IPO markets can get during the holiday season.
PetroShare (PRHR ) is the largest potential IPO of the week, hoping to raise $28 million. The company owns wells in Colorado's Denver-Julesburg Basin. The company is "pre-revenue" and will be looking to sell 6 million shares at a price of $4.63.
Senestech (SNES )is hoping to raise $26 million this week by offering 2 million shares at a price range of $12-14. According to the filings, the 12 year old company is raising IPO proceeds to launch ContraPest, a chemical designed to decrease rat fertility in places like subways and food production facilities, following its recent EPA approval. It would be the only product of its kind on the market if successful.
Motif Bio (MTFB ) is back again this week still looking to raise $26 million by offering 2.125 million shares at a price of 12.36.The company has said that they plan to use the new capital to finish Phase 3 trials and avoid running out of cash. Shareholder Invesco now plans to invest $8.6 million on the IPO.
Accelerated Pharma (ACCP ), which is developing a chemotherapy optimized by genomic screening, plans to raise $17 million by offering 1.9 million shares at a price range of $8.00 to $10.00. This is the smallest offering of the week but may grab the most attention due to the performance of the bio-tech IPO's so far this year.