The IPO Buzz: Fast Times at the SEC Window

This week’s calendar has nine IPOs. Bankers expect to raise over $1.3 billion. That is not as busy as last week when the calendar produced 13 IPOs (including two “blank check” unit offerings) that raised $3.83 billion. But this week’s traffic is still quite respectable.

Note: If you were to annualize that traffic, you would get 450 IPOs. The last time the calendar produced more IPOs was in 1999 with 543. (The market closed down the last two weeks of the year.)

 

The highlights on this week’s IPO calendar are two on the “most wanted” list and a contender.

 

Diplomat Pharmacy (DPLO– proposed), based in Flint, Michigan, is one of the nation’s largest independent specialty pharmacy companies. It concentrates on patients with complex chronic diseases. Diplomat Pharmacy offers its products and services through a national network of eight retailers and independent pharmacy groups, representing about 4,500 stores and 49 hospitals and health systems.

 

(For more information, please click here: Diplomat Pharmacy)

 

HubSpot (HUBS – proposed), based in Cambridge, Massachusetts, provides a cloud-based marketing and sales software platform that lets businesses deliver an inbound experience. The company’s software platform features integrated applications to help businesses attract visitors to their websites, convert visitors into leads, close leads into customers and impress customers so that they become promoters of those businesses. The applications include social media, search engine optimization, blogging, website content management, marketing automation, email and analytics.

(For more information, please click here: HubSpot)

 

MOL Global (MOLG – proposed), based in Kuala Lumpur, Malaysia, believes it is the largest e-payment provider for online goods and services in Southeast Asia. The company operates a payments platform that facilitates online and mobile commerce for consumers in emerging and other markets by providing a network of payment channels that accept cash and various online payment methods. MOL has a physical distribution network of more than 920,000 locations in 13 countries across four continents. The company has mobile and electronic distribution channels that accept major credit cards and online banking from 94 banks globally.

For more information, please click here: MOL Global)

 

Looking into the week of Oct. 13, 2014, the calendar has three deals with bankers planning to raise about $745 million. A week ago, the calendar for the week of Oct. 6, 2014, also had just three deals looking to raise $700 million. Now it’s up to nine IPOs expecting to raise $1.3 billion. So  more names could pop onto the calendar by the time that Monday, Oct. 13th, rolls around.

Stay tuned.