AS the year comes to an end we have three IPO's that are widely believed to round out the year. We have a popular hotel search website trivago, an oil and gas company, Wildhorse Resource Development, and a biotech company that specializes in stem cell therapy, TiGenix. If all three of these companies launch this week it will bring the total number of IPO's for 20216 to 105.
trivago (NASDAQ: TRVG) is a popular hotel search website in the states but is actually based in Germany. The company was acquired by Expedia (NASDAQ: EXPE) back in 2013. The company runs a website that allows users to search hotel room rates around the world. They have seen impressive growth recently, but have yet to show any meaningful profit. The will go to the IPO markets looking to raise almost $400 million by offering 28 million shares at a price range of $13-15.
Wildhorse Resource Development (NYSE: WRD) is the largest offering of the week. The company, which operates in Louisiana and Texas is hoping to raise $550 million by offering 27.5 million shares at a price range of $19-21. If successful they are planning on using the proceeds to invest in wells in Texas and restarting dormant rigs now that oil prices are starting to recover.
Lastly, TiGenix (NASDAQ: TIG) is a biotech company that is developing stem cell treatments for perianal fistulas in patients with Crhon's disease. The sixteen year old company has recently seen success in phase three trials in European and now hopes to have the same, phase three success here in the states. They will offer 2.75 million shares at a price of $19.20 in hopes of raising $53 million.