This Week's IPOs In Focus

The 31-member class of 2017 IPOs is about to kick off April inductions with the addition of five new members.

5 IPOs On Deck

Here are the latest pledges:

Hess Midstream Partners (HESM) will issue 12.5 million shares on the New York Stock Exchange between $19 and $21 Wednesday. With offices in more than a dozen countries and headquarters in New York City, the energy company specializes in deepwater drilling as well as onshore shale oil, natural gas and natural gas liquids operations.

Elevate Credit (ELVT) will issue 7.7 million shares on the New York Stock Exchange between $12 and $14 Thursday. The credit lender serves non-prime consumers in the United States and United Kingdom with financial options not necessarily available through traditional banks and mainstream lenders.

Schneider National (SNDR) will issue more than 28.9 million shares on the New York Stock Exchange between $18 and $20 Thursday. The 82-year-old trucking company is headquartered in Green Bay, Wisconsin, and offers services across the United States and its neighboring countries.

Azul (AZUL) will issue 24 million shares on the New York Stock Exchange between $18.02 and $21.81 Friday. The Brazilian airline, headed by JetBlue Airways Corporation JBLU founder David Neeleman, intends to raise as much as $423.4 million between domestic and international shares. This is the company’s third attempt to go public.

Okta (OKTA) will issue 11 million shares on the Nasdaq between $13 and $15 Friday. The eight-year-old tech corporation serves businesses with cloud platforms and hopes to become the fourth “tech unicorn” — or startup valued above $1 billion — to go public this year. Snap Inc SNAP, Mulesoft Inc MULE and Presidio Inc PSDO preceded it with March debuts, and all but Snap now trade above their opening value.

Related Links:

Meet 2017's First Big Tech IPO The Basics Of IPOs: Some Things You Should Know

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Posted In: NewsIPOsTrading IdeasGeneralAzulDavid NeelemanElevate CreditHess Midstream PartnersIPOOktaSchneider National
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