It is quite typical that most IPO's do not schedule their launches around holiday weeks. The US markets are closed on Monday, May 28th for Memorial Day and thus, there are only a few names on the schedule for the week with a total of only $14 to be raised between the two.
First up, the largest offering of the week is Hancock Jaffe Labs (NASDAQ: HJLI) which is a biotech out of California. The company develops what they call "bio-prosthetic devices" which can be implanted during many cardiovascular surgeries. They are looking for $8 million this week with an offering of 1.1 million shares at a range of $6 -$8. This would put the company at a $71 million valuation which many fear is just too high.
The other name up for grabs this week is another Chinese education company focused on career training. The company will be looking for $6 million by offering 1.5 million shares at a range of $3.50 - $4.50. This is just another education firm out of China to list in the US for continued access to capital.
Though the week is light on the number of offerings, there are still many that will become eligible to launch. One in particular that may grab some media attention is BJ's Wholesale Club (NYSE: BJ) which is a direct competitor to names like Sam's Club, and Costco (NASDAQ: COST).