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US IPO Week Ahead: Seven deals slotted to raise $1 billion total

Coming off a strong end to the third quarter, October is set to get off to a quick start with seven deals on the calendar in the week ahead.

Investors will undoubtedly be paying close attention to the next notable tech deal, Coupa Software ( COUP ), which comes on the heels of strong third quarter performance for tech deals (+66% on average) and Nutanix's ( NTNX ) 131% pop on Friday. Coupa offers high growth as a leading provider of spend management software, a large market. While it has secured major enterprise customers (e.g. Sanofi, Toyota), the unprofitable company will face stiff competition from competitors SAP and Oracle.

The week ahead will also see serial entrepreneur and reality TV star Marcus Lemonis' Camping World Holdings ( CWH ) come public. Camping World is the largest RV retailer in the US and recently demonstrated strong comp store sales growth, but operates in a highly cyclical industry.

Two PE-backed issuers in defensive sectors are also scheduled for the week ahead. Both boast long-term contracts with large customers, but also have relatively high debt and capex requirements. Advanced Disposal Services (ADSW), the week's largest IPO, provides municipalities with waste management services. It postponed an IPO in February. AquaVenture Holdings (WAAS), which is backed by Element Partners (last IPO was TPI Composites; TPIC), provides US corporations with purified water and Caribbean islands with desalinated water.

Renaissance Capital's IPO Calendar - Week of 10/3/2016
IssuerBusiness SymbolExchange Deal Size$mil Price RangeShares Filed Lead Manager(s)
Advanced Disposal ServicesPonte Vedra, FL ADSWNYSE $375 $18.00 - $21.0019,250,000 Deutsche BankCredit Suisse
Vertically integrated provider of solid waste collection and disposal services.
Camping World HoldingsLincolnshire, IL CWHNYSE $250 $21.00 - $23.0011,363,636 Goldman SachsJ.P. Morgan
Largest RV retailer in the US with 120 stores and a membership platform.
AquaVenture HoldingsTampa, FL WAASNYSE $124 $18.00 - $20.006,500,000 CitiDeutsche Bank
Operates nine desalination plants and rents water purification systems.
Coupa SoftwareSan Mateo, CA COUPNasdaq $101 $14.00 - $16.006,700,000 Morgan StanleyJ.P. Morgan
Provides cloud-based software that helps enterprises manage their spend.
Obalon TherapeuticsCarlsbad, CA OBLNNasdaq $75 $14.00 - $16.005,000,000 UBS Investment BankCanaccord Genuity
Commercializing an intragastric balloon device designed to assist with weight loss.
Everspin TechnologiesChandler, AZ MRAMNasdaq $45 $11.00 - $13.003,750,000 StifelNeedham & Co.
Provides magnetoresistive random access memory (MRAM) chips.
Full SpectrumSunnyvale, CA FMAXNasdaq $15 $7.00 - $9.001,875,000 Joseph Gunnar & Co.
Develops and sells products used to create private cellular networks.
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IPO Market Snapshot

The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 2% year-to-date, while the S&P 500 is up 8%. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include Alibaba (BABA) and Citizens Financial Group (CFG). The Renaissance International IPO Index is down 1% year-to-date, compared to +5% for ACWX. Renaissance Capital's International IPO ETF ( IPOS ) tracks the index, and top ETF holdings include Recruit Holdings and Cheil Industries. To find out if this is the best ETF for you, visit ourIPO Investing page .

The article US IPO Week Ahead: Seven deals slotted to raise $1 billion total 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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