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Weibo Leads 10 New Stocks to Watch This Week

IPO market is showing indications of weakness


Last week, the IPO market finally started to slow down. There were originally 16 deals on tap, but only 10 made it to the finish line. And, for many of the new stocks that did hit the market, the performances were shaky. For example, Ally Financial (AALY) dropped by 3% and Adamas Pharmaceuticals (ADMS) plunged 19%.

new-stocks-to-watch-iposDespite all this, Wall Street bankers have not been deterred. For the upcoming week, there are 10 new stocks to watch. Two are holdovers from last week — City Office REIT and Paycom Software (you can find details on them here).

Here’s a look at the rest of the new stocks to watch this week:

New Stocks to Watch: Leju Holdings (LEJU)

Timing of Offering: Thursday

Leju is a division of E-House (EJ), which is a large player in the Chinese real estate market. Leju’s focus is on the online segment. The company’s platform covers more than 250 cities and includes a variety of mobile apps. It also manages the real estate businesses for Baidu (BIDU) and Sina (SINA).

From 2011 to 2013, revenues went from $137.1 million to $335.4 million. In fact, last year, the company posted net income of $42.7 million. Leju plans to offer 17.7 million shares at a range of $10 to $12. The lead underwriters include Credit Suisse (CS) and JP Morgan (JPM).

New Stocks to Watch: Moelis & Company (MC)

Timing of Offering: Wednesday

Moelis & Company is a investment bank that helps with mergers & acquisitions, recapitalizations, restructurings and other corporate financial advisory services. Last year, the firm advised on three of the top 10 largest global M&A deals and four of the 10 largest recapitalizations. Kenneth Moelis, the founder of the company, has more than 30 years in the investment banking business.

Before launching the firm in 2007, Moelis was the president of UBS Investment Bank (UBS). As for Moelis & Co., the firm has been able to post strong financials. In 2013, revenues came to $411 million and pre-tax income was $73 million. The company intends to sell 7.3 million shares at a range of $26 to $29. The lead underwriters include Goldman Sachs (GS), Morgan Stanley (MS), Moelis & Company, JP Morgan and UBS Investment Bank.

New Stocks to Watch: Quotient (QTNT)

Timing of Offering: Wednesday

Quotient is a commercial-stage medical diagnostics company that focuses on tests for blood grouping and serological disease screening. These are crucial for performing organ transplants. Last year, the company generated revenues of $14.4 million, up from $12.2 million in 2012. Although, the company continues to post losses. In 2013, the net loss was $4.7 million.

Quotient expects to issue 5 million shares at a price range of $14 to $16. The lead underwriters include UBS Investment Bank, Baird and Cowen & Company.

New Stocks to Watch: Sabre (SABR)

Timing of Offering: Thursday

The company operates a global platform for the travel industry, which allows for the processing transactions for airlines, hotels, cruises and rail carriers. In all, Sabre has relationships with about 125,000 travel suppliers. What’s more, the company also operates Travelocity, which is one of the world’s largest ecommerce travel sites. From 2009 to 2013, Sabre’s revenues grew at about 7% per year and adjusted EBITDA averaged about 11%.

Back in 2000, the company was spun off from American Airlines (AAL) and then went private in 2007, in a $5 billion deal. The private equity sponsors included TPG Capital and Silver Lake Parnters. As for the IPO, Sabre expects to issue 44.7 million shares at a range of $18 to $20. The lead underwriters include Morgan Stanley, Goldman Sachs, Bank of America (BAC) and Deutsche Bank (DB).

Article printed from InvestorPlace Media,

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