7 IPOs Coming To Market In Next 2 Days

There are seven IPOs lined up to debut Thursday and Friday, coming on the back of more than ten companies delivering over 25 percent gain in the last three-month period after their own IPOs.

There are at least two companies, IMPINJ Inc PI and Airgain Inc AIRG, that delivered over 100 percent return. This success obviously encourages companies to raise money via their own IPOs.

However, there are also companies that have withdrawn their IPOs this season, including Telefonica Intl Wheel Services, Tussauds Group, M2Direct, Steel Minerals and Seoul Viosys Co. — the last of which had even announced its pricing range, $13.42–$17.93, before withdrawing.

Related Link: Who Made Money On Today's Trade Desk IPO?

In the current week alone, two companies have already gone public. Novan Inc NOVN and Trade Desk Inc TTD shares were listed Wednesday following their pricing at $11 and $18, respectively, on the previous day. Significantly, both have delivered more than 60 percent returns on the first day itself.

IPOs Closing Out The Week

The following companies have lined up their IPOs for Thursday:

• Capstar Financial Holdings Inc has come out with 2.58 million shares with a price range of $14.50–$16.50. It provides personal and business banking products and will trade under the ticker CSTR on the NASDAQ.
• e.l.f. Beauty priced its 8.33 million IPO issue at $17.00 a share. This included 4.33 million shares from selling stakeholders. The company is engaged in cosmetics retailing business and will trade under the ticker ELF on the NYSE.

The following companies are launching their IPOs Friday:

• Gridsum Holding is coming out with 6.5 million shares with a price range of $10.50–$12.50. The company is engaged in data analysis software for MNCs and domestic firms in China and will trade under the ticker GSUM. According to Seeking Alpha, the exchange on which Gridsum will trade is still pending.
• Full Spectrum Inc. offers 1.9 million shares with a price range of $7–$9 a share. The company is manufacturing wireless radio system known as FullMax offering private and wide-area broadband network. Full Spectrum will trade under ticker FMAX on the NASDAQ.
• Valvoline International Inc. is a spinoff unit of Ashland Inc ASH engaged in automotive lubricant production. The company will offer 30 million shares with a price range of $20.00–$23.00 and will trade on the NYSE under VVV.
• Apptio Inc. offers six million shares through IPO for a price range of $13.00–$15.00. The company is engaged in offering Technology Business Management and will trade under the ticker APTI on the NASDAQ.
• AC Immune SA is to offer 4.545 million shares with a price range of $11.00–$13.00. It is a clinical stage biopharmaceutical firm. AC Immune will trade on the NASDAQ under the ticker ACIU.

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