Market Overview

All The IPOs We Expect To Happen In 2017

All The IPOs We Expect To Happen In 2017

2016 wasn't a very kind year for the IPO market, but 2017 is shaping up to be different.

Speaking to Benzinga, Jeff Zell, a senior research analyst at IPO Boutique, said that the market can expect the quantity of IPOs in 2017 to exceed 2016's total, which was around 100.

Hospitable Environment Moving Forward

Zell stated the conditions are favorable for the IPO market, including major indices trading near their historical all-time highs, low volatility and the elimination of 2016's political uncertainty.

Zell continued that the hottest IPO of the year is likely to be Snap, Inc. The operator of the popular social media platform, Snapchat, is used by millions of people. In fact, other technology companies will likely be sitting on the sidelines and watch how Snap's IPO performs before finalizing an initial public offering themselves.

Zell added that other high profiled names that could see their stock trade on a public market for the first time include Palantir, Pinterest, DropBox, Spotify and Airbnb.

"Each of these tech names are intriguing for a number of reasons and have used the last few quarters to bolster balance sheets, users and other key metrics in order to assure themselves the ability to go public when the time is right," Zell stated.

Zell further stated that a few other high-profiled names that may or may not IPO in 2017 include Canada Goose, the maker of high-end parkas designed for Canada's harsh winters, as well as the trucking company Schneider National.

Other companies Benzinga has identified as likely IPO candidates include:

  • Keane Group- one of the largest pure-play well service providers.
  • JBS Foods - the world's largest protein company in terms of sales.
  • Vice Media - an alternative media platform that struck a faithful audience among millennials.

Posted-In: IPO IPO 2017Analyst Color News Rumors IPOs Analyst Ratings General Best of Benzinga


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