After several weeks with limited filings, activity picked up
this week as five new companies filed for IPOs. This marks the
first week that five companies were added to the pipeline since
the week of August 27. The five additions includes two REITs,
) and Five Oaks Investment (
), along with packaged food producer, Pinnacle Foods (PINF.RC),
Single-family home builder TRI Pointe Homes (
) and confidential filer Health Insurance Innovations (
). Health Insurance Innovations had been on our Private
Company Backlog. Five Oaks, Aviv and TRI Pointe were also
With only four December filings as of the beginning of this week,
this December was threatening to become the weakest month since
May 2009, when there were only three filings. Though there is
still the opportunity for companies to file next week, this week
represented a final push for companies interested in filing in
2012, as market activity is expected to slow due to the
holidays. Last year, out of 18 December filings, only two
companies filed in the last week.
|New filers during week of 12/17
||REIT specializing in owning and acquiring
skilled nursing facilities.
||Leading manufacturer, marketer and
distributor of branded food products
|Five Oaks Investment
||REIT focused on investing in, financing and
managing agency and non-agency RMBS.
|Health Insurance Innovations
||Offers web-based medical insurance plans for the
uninsured and underinsured
|TRI Pointe Homes
||Designs, constructs and sells single-family homes in
*$ in millions. **RC estimate.