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US IPO Week Ahead: Anticipation ready to Snap

There are no IPOs scheduled for the upcoming week as we continue with the annual two-week February lull as companies prepare full year 2016 numbers. Snap (Snap) and alternative asset manager Hamilton Lane ( HLNE ) have queued up for IPOs in the beginning of March.

Snap set terms on Thursday and launched its roadshow this Friday as it plans to price its $3 billion on March 1. It is targeting a fully diluted market valuation between $20 and $22 billion, which would place it closer to Twitter ($18 B) than Facebook ($104 B) at their IPOs .

Although the next week is bare, the pipeline is filling with companies that could launch in the coming weeks. These include filings from the 4Q16 and more recent JOBS Act filers including high profile and large deals such as $1,000 parka-maker Canada Goose (GOOS), meat processor JBS Foods ( JBS ) and a trio of fracking companiesLiberty Oilfield Services ( BDFC ), FTS International (FTSI) and ProPetro (PUMP).

Find out why institutional investors rely on Renaissance Capital's Pre-IPO Research for these IPOs. Follow us on Twitter ( @IPOtweet ) for IPO news as it happens and register for our updates on the IPO market.

Recent IPO Filers - Potential Launches in February and March
IssuerBusiness Symbol EstimatedDeal Size($m) EarliestLaunch Date Top 3Bookrunners
PresidioNew York, NY PSDO $400 Able to Launch JP MorganCitiBarclays
Provides IT infrastructure services to middle-market businesses.
Hess Midstream PartnersHouston, TX HESM $250 Able to Launch Goldman SachsMorgan Stanley
MLP formed by Hess and GIP to own pipeline and storage assets in the Bakken.
Ardagh GroupUnited Kingdom ARD $1,500 Able to Launch Citi
Global provider of metal and glass containers for consumer packaged goods.
ProPetroMidland, TX PUMP $345 Late February Goldman SachsBarclaysCredit Suisse
Provides hydraulic fracturing services for the oil and gas industry.
FTS InternationalFort Worth, TX FTSI $1,000 Late February Credit SuisseMorgan Stanley
Provides hydraulic fracturing services for the oil and gas industry.
Floor & DecorSmyrna, GA FND $150 Late February BofABarclaysCredit Suisse
Hard surface flooring and accessories retailer with 71 warehouse-format stores.
J.JillQuincy, MA JILL $150 Late February BofAMorgan StanleyJefferies
Makes and sells trendy, high-end down-filled parkas.
JBS Foods InternationalGreeley, CO JBS $2,500 Late February TBA
World's leading processor of beef, poultry, lamb and other meat proteins.
Liberty Oilfield ServicesDenver, CO BDFC $300 Early March Morgan StanleyGoldman Sachs
Provides hydraulic fracturing services for the oil and gas industry.
Canada GooseCanada GOOS $300 Early March CIBCCredit SuisseGoldman Sachs
Makes and sells trendy, high-end down-filled parkas.
Schneider NationalGreen Bay, WI SNDR $1,000 Mid March Morgan StanleyUBSBofA
Leading US trucking company with over 11,000 vehicles.
Klöckner PentaplastLuxembourg KP $300 Mid March CitiCredit SuisseGoldman Sachs
Global manufacturer of plastic films for packaging.

IPO Market Snapshot

The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 9.4% year-to-date, while the S&P 500 is up 5.0%. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include First Data (FDC) and TransUnion (TRU). The Renaissance International IPO Index is up 5.0% year-to-date, while the ACWX is up 5.8%. Renaissance Capital's International IPO ETF ( IPOS ) tracks the index, and top ETF holdings include Aena and ABN Amro . To find out if this is the best ETF for you, visit ourIPO Investing page .

The article US IPO Week Ahead: Anticipation ready to Snap originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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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