IPO Roundup: 2 Hit The Market This Week, 2 Slotted For Next

Amid tough market conditions for IPOs this year, two celebrated their IPO days this week, and two are scheduled to go public next week. In comparison, last week there were six companies that went public, four of which had less-than-ideal debuts.

The lower number of companies hitting the markets this week and next reflects the tough environment IPOs are seeing.

October 31–November 4 IPOs

The following companies hit the market this week:

• GDS Holdings Ltd -ADR (NASDAQ: GDS)'s IPO debuted 19.25 million shares with an initial price of $12.00–$14.00 a share. However, the company priced at $10.00 a share. The stock opened at $10 and traded between $9.80 and $10.76.
• Smart Sand, Inc. (NASDAQ: SND) offered 10.615 million shares through its IPO with the initial pricing of $15.00–$18.00. The company upsized to 11.7 million shares and priced at $11.00 a share. The stock opened at $10.35 and traded between $10.30 and $10.84, below the IPO price.

November 7–11 IPOs

The following two companies will hit the market next week.

• PetroShare Corp (NYSE: PRHR) is planning to come out with 6.0 million shares with a price of $4.63 on November 7.
• SenesTech, Inc. (NASDAQ: SNES) is scheduled to come out with 2 million shares with a price range of $12.00–$14.00 a share during the next week as well.

This Week's IPOs' Current Prices

At last check, Smart Sand traded down by 2 percent to $10.78, and GDS fell 3.85 percent to $10.00.