Five companies intend to stage initial public offerings this week to join a 2017 class rife with biotechs, retailers and natural resource firms, as well as formidable tech names such as Snap Inc (NYSE: SNAP).
Up This Week
Here are the public exchanges’ upcoming inductees:
Altice USA, Inc. (ATUS) will issue more than 46.5 million shares between $27 and $31 Thursday on the New York Stock Exchange. A subsidiary of the Euronext-traded Altice NV, the broadband communications and video services provider delivers pay television, Wi-Fi hotspots, advertising and phone services, and proprietary content to 4.9 million customers.
Mota Group, Inc. (MOTA) will issue 650,000 shares at $9.99 Thursday on the Nasdaq. With a portfolio of eight brands, including Giga, ProLive and Lily Signature, the San Jose-based company sells its drones, wearable technology, accessories and other product lines in more than 100 companies.
Safety, Income & Growth, Inc. (SAFE) will issue 10.25 million shares between $19 and $21 Thursday on the New York Stock Exchange. The real estate investment trust (REIT), launched by iStar Inc. in 2017, specializes in the acquisition, ownership, management, financing and capitalization of ground net leases.
Four Springs Capital Trust (FSPR) will issue 5.6 million shares between $17 and $19 Friday on the New York Stock Exchange. The five-year-old Maryland REIT focuses on single-tenant commercial properties subject to long-term triple or double net leases.
Granite Point Mortgage Trust Inc. (GPMT) will issue 10 million shares between $20 and $21 Friday on the New York Stock Exchange. The New York-based REIT launched in 2017 and intends to acquire a foundational portfolio of commercial real estate loans and debt investments from Two Harbors Investment Corp (NYSE: TWO) concurrent with the offering.
Related Links:
The Basics Of IPOs: Some Things You Should Know
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How The Biggest Tech IPOs Traded On Their First Day
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