That said, let’s take a closer look at the numbers. The busiest IPO month of late was October 2012. That calendar turned out 23 deals, according to the U.S. Securities and Exchange Commission filings. And before that, the busiest month was November 2007. That calendar turned out 38 IPOs.
Fast forward to the present: By May 17, 2013, the IPO calendar for the Merry Month of May had already turned out 21 IPOs – and there are two more weeks to go.
Now let’s look at this week.
This week’s calendar has six IPOs. They expect to raise over $1 billion. To add a little spice, two deals are on the “most wanted” list, according to the IPO professionals.
The “Most Wanted” List
ChannelAdvisor (ECOM – proposed) and Ply Gem Holdings (PGEM – proposed) are reportedly on everybody’s list.
ChannelAdvisor plans to price 5.75 million shares at $12 to $14 each on Wednesday evening. The IPO is expected to start trading on Thursday morning on the New York Stock Exchange under the proposed symbol “ECOM.” The joint-lead managers are Goldman Sachs and Stifel. The co-managers are Pacific Crest Securities, BMO Capital Markets, Needham and Raymond James.
Based in Morrisville, North Carolina, ChannelAdvisor provides software-as-a-service solutions for retailer and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. The company’s platform enables its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces such as eBay, Amazon and Newegg; search engines and comparison shopping websites such as Google, Microsoft’s Bing, and Nextag, and emerging channels such as Facebook and Groupon. ChannelAdvisor was formed in 2001. It has about 432 employees.
ChannelAdvisor plans to sell all the stock in the offering and to have about 20.5 million shares outstanding after the offering.
Ply Gem Holdings plans to price 15.8 million shares of Class A Common Stock at $18 to $20 each on Wednesday evening. The IPO is expected to start trading on Thursday morning on the New York Stock Exchange under the proposed symbol “PGEM.” The joint-lead managers are J.P. Morgan, Credit Suisse, Goldman Sachs, UBS Investment Bank and Deutsche Bank Securities. The co-managers are Zelman Partners, BB&T Capital Markets and Stephens.
Based in Cary, North Carolina, Ply Gem is a supplier of exterior building materials used in home construction and renovation. The company offers vinyl siding, fencing, stone veneer, windows and doors to the new construction market and the home repair and remodeling markets in the United States and Western Canada.
Ply Gem plans to sell all the stock in the offering and to have about 64.8 million shares outstanding after the offering.
Constellium Holdco B.V. (CSTM – proposed) is a Netherlands-based provider of specialty rolled and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets.
Global Brass and Copper Holdings (BRSS – proposed) is a Schaumburg, Illinois-based value-added converter, fabricator, distributor and processor of specialized copper and brass products in North America.
Portola Pharmaceuticals (PTLA – proposed) is a South San Francisco-based biopharmaceutical company focusing on developing novel therapeutics in the areas of thrombosis, other hematologic disorders and inflammation for patients.
This brings us to next week. At press time, there was one deal on the IPO calendar for the week of May 27, 2013, which is a week cut short by the Memorial Day break.
Disclosure: Neither the author nor anyone else on the IPOScoop.com staff has a position in any stocks mentioned, nor do we trade or invest in IPOs. The author and IPOScoop.com staff do not issue advice, recommendations or opinions.