IPOs

US IPO Week Ahead: Saudi Aramco attempts largest-ever global IPO as US market preps for December blitz

In the week ahead, Saudi Aramco plans to raise $25 billion at a $1.7 trillion valuation in what would be the largest-ever global IPO, ahead of Alibaba's $22 billion offering in 2014 at a $175 billion valuation.

We are entering the final stretch of 2019, and the window to IPO before year-end is closing. The IPO pipeline is teeming with potential launches, including kitchen supplies giant Reynolds Consumer Products (REYN), which is expected to IPO by the end of the year in its strongest season for revenue. Other potential launches include Ping An’s OneConnect Financial Technologies (OCFT), Brazilian brokerage and wealth manager XP (XP), payment software unicorn Bill.com (BILL), Chinese HR software provider CDP Holdings (CDP), commercial drone developer EHang (EH), and building products distributor US LBM Holdings (LBM).

Potential Launches for the Week of December 2nd, 2019
IssuerBusiness File Date Deal Size Sector
Bill.com (BILL) 11/15/19 $100M Technology
Provides a SaaS platform that automates billing and back-office processes for SMBs.
CDP Holdings (CDP) 11/15/19 $125M Technology
Provides software for human resources management in China.
EHang Holdings (EH) 10/31/19 $100M Industrials
Chinese commercial drone developer.
US LBM Holdings (LBM) 05/09/17 $250M Industrials
US distributor of specialty building materials for homebuilders and contractors.
OneConnect Financial Technologies (OCFT) 11/13/19 $500M* Technology
Ping An-backed provider of operations management tools for financial firms. Deal size is RC estimate.
Reynolds Consumer Products (REYN) 11/15/19 $1,500M* Consumer Staples
Leading provider of household and kitchen products. Deal size is RC estimate.
XP (XP) 11/15/19 $1,000M* Financials
Fast-growing brokerage and wealth manager in Brazil. Deal size is RC estimate.

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LMP Automotive

Potential Launches for the Week of December 2nd, 2019 U.S. IPO Calendar
IssuerBusiness File Date Deal Size Sector Issuer Business Deal Size Market Cap Price Range Shares Filed Top Bookrunners
Bill.com (BILL) 11/15/19 $100M Technology
Provides a SaaS platform that automates billing and back-office processes for SMBs.
CDP Holdings (CDP) 11/15/19 $125M Technology
Provides software for human resources management in China.
EHang Holdings (EH) 10/31/19 $100M Industrials
Chinese commercial drone developer.
US LBM Holdings (LBM) 05/09/17 $250M Industrials
US distributor of specialty building materials for homebuilders and contractors.
OneConnect Financial Technologies (OCFT) 11/13/19 $500M* Technology
Ping An-backed provider of operations management tools for financial firms. Deal size is RC estimate.
Reynolds Consumer Products (REYN) 11/15/19 $1,500M* Consumer Staples
Leading provider of household and kitchen products. Deal size is RC estimate.
XP (XP) 11/15/19 $1,000M* Financials
Fast-growing brokerage and wealth manager in Brazil. Deal size is RC estimate.

Sign up for a free trial of our premium platform, IPO Pro. Follow us on Twitter (@IPOtweet) and register for our updates on the IPO market.

LMP Automotive Holdings

IPO Market Snapshot

US IPO Week Ahead: Saudi Aramco attempts largest-ever global IPO as US market preps for December blitz

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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