One unicorn and two SPACs are expected to raise a combined $728 million in the week ahead. Online training course provider Pluralsight leads the week and is joined by blank check companies Trinity Merger and VectoIQ Acquisition .
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| U.S. IPO Calendar |
|Deal Size |
|Price Range |
| Trinity Merger ( TMCXU ) |
|B. Riley & Co. |
|Blank check company formed by Trinity Investments to acquire a real estate business. |
| VectoIQ Acquisition ( VTIQU ) |
|Blank check company led by former GM execs and focused on smart transportation businesses. |
| Pluralsight ( PS ) |
|$10 - $12 |
|Morgan Stanley |
|Provides online training courses in programming and software development. |
(PL), which offers over 6,700 online training courses to primarily enterprises (82% of 1Q18 billings), is expected to raise $228 million at a $1.5 billion market value. The company addresses a $24 billion market opportunity and has seen accelerating growth, reaching 33% in the 1Q18. That said, its marketing push to gain enterprise customers has resulted in steep losses.
Real estate SPAC Trinity Merger
) is looking to raise $300 million at a $275 million market value. CEO Sean Hehir and CFO Kevin Hayahi have led the company's sponsor, Trinity Investments, for 20 years.
Transportation SPAC VectoIQ Acquisition
) is expected to raise $200 million at a $256 million market value. CEO Stephen Girsky previously was tapped one executive tapped to lead General Motors' turnaround following its 2009 bankruptcy. IPO Market Snapshot
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The article US IPO Week Ahead: Online training course unicorn Pluralsight leads 3 IPO week
originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Investment Disclosure:
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