Marijuana REIT Will Try the IPO Market Again This Week
To no one’s particular surprise, neither of the initial public offerings (IPOs) scheduled for last week made it out the door. Both are likely to try again in the coming week.
Through the week ending November 25 IPO ETF manager Renaissance Capital reported that 97 IPOs have priced in the U.S. so far this year, down about 42% from a year ago. Total proceeds raised through last week equaled $17.3 billion, down 42% compared with the same period in 2015. Of the 97 IPOs that have gone off this year, 41 have come from the healthcare sector. Last year’s IPO total came in at $30 billion on 170 offerings. Renaissance Capital does not include “best efforts” or blank-check companies in its totals, nor does it include IPOs that raise less than $10 million.
Here are the two IPOs that will try again to enter the public equity markets in the...
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