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IPO Roundup: Seven companies to keep an eye on this week

The week's first IPO is Far Point Acquisition, a blank-check company led by former NYSE president Thomas Farley
Adaptive Insights and Avalara are two SaaS companies pricing shares this week

It's a busy week for IPOS with seven companies making their public debuts.


Far Point Acquisition Corp (NYSE:FPACU) will be the first IPO of the week, pricing its shares on Tuesday. The blank check company will be led by familiar faces: former president of the New York Stock Exchange Thomas Farley and activist investor Dan Loeb. The special acquisition company is looking to scoop up fintech firms. The company will issue 50 million shares priced at US$10, raising as much as US$500mln.


Energy management company Charah Solutions Inc (NYSE:CHRA) will price its shares on Thursday in the wake of Energy Secretary Rick Perry announcing the Trump administration will take steps to boost nuclear and coal power plants. The Kentucky-based company provides maintenance services to more than 50 nuclear and coal power plants. Services include coal ash recycling and environmental compliance services.  The solutions company will issue more than 7.3 million shares priced between US$16 and US$18, raising as much as US$132mln.

Trucking company US Xpress Enterprises Inc (NYSE:USX) is the second company pricing its shares on Thursday. The Tennessee-based company was founded in 1986 with a total of 48 trucks. The fleet now includes 7,000 tractors and 15,500 trailers. The transportation company will issue more than 18 million shares priced between US$16 and US$18, raising as much as US$360mln.

Adaptive Insights Inc (NYSE:ADIN) will also price its shares Thursday. The financial software company’s flagship product is the Business Planning Cloud, a platform that manages business metrics. The software offers accounting tools, interactive dashboards and other features. It was recently acquired by cloud-based HR platform Workday Inc (NASDAQ:WDAY) in a US$1.55bn deal. The California-based fintech will issue 8.2 million shares priced between US$13 and US$15, raising as much as US$123mln.


Puxin Ltd (NYSE:NEW) will price its shares at the end of the week. The Beijing-based company provides after-school tutoring services to K-12 students in China. The educational company operates nearly 400 learning centers across 35 cities and will use the proceeds to expand its network. The company will issue 7.2 million shares priced between US$17 and U$20, raising as much as US$144mln.

Tax software company Avalara Inc (NYSE:AVLR) will also price its shares on Friday. Its cloud-based software automates the tax filing process, helping companies avoid compliance mistakes. Its client list includes Pinterest, The New York Times Co (NYSE:NYT) , Adidas and Box Inc (NYSE:BOX). The Washington-based SaaS company will issue 7.5 million shares priced between US$19 and US$21, raising as much as US$157mln.

Verrica Pharmaceuticals Inc (NYSE:VRCA) is the final company to price its shares on Friday. The biopharma company develops dermatological treatments, including a topical therapy for common and plantar warts. Verrica specializes in finding solutions to unmet needs in pediatric dermatology. The Pennsylvania-based company will issue 5 million shares priced between US$14 and US$16, raising as much as US$80mln.

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