- The IPO market is buzzing with postponed offerings this week.
- Companies which have put their IPO plans on hold include Norway REIT, Shimmick Construction, Proteostasis Therapeutics, Advanced Disposal (NYSE:ADSW), OTG Exp (NASDAQ:OTG), Nordic Realty Trust (NASDAQ:NORT), and Ellipse Technologies (source: Renaissance Capital).
- US Foods (NYSE:USFD) will go public, but this week's sell-off is seen as pushing back the highly-anticipated public debuts of Dropbox (DROPB), Uber (NYSEARCA:UBR), and MGM's (NYSE:MGM) real estate arm.
- Other companies once seen as potential cocktail party IPO conversation starters are likely to wait for a better market environment. The shaky performance of Amplify Snack Brands (NYSE:BETR) could impact Chobani and other hot private food brands, while a crown jewel like Trader Joe's may have its eyes on the valuation on Whole Foods Market.
Postpone a popular word in the IPO market
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Symbol | Last Price | % Chg |
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ADSW | - | - |
Advanced Disposal Services, Inc. |