Start the conversation
It's another loaded week on the IPO calendar as nine companies debut.
The biggest deal this week is for PBF Logistics (NYSE: PBFX), which debuts Friday and looks to raise $275 million. But it's not the only big deal of the week – five other companies are all looking to raise more than $100 million each.
Here's this week's full list of IPOs and the financial details behind them.
IPO Calendar: This Week's 5 Biggest Debuts
PBF Logistics (NYSE: PBFX) is a master limited partnership (MLP) that leases, operates, develops, and acquires crude oil and refined petroleum terminals, pipelines, and storage facilities. PBFX is the biggest IPO this week as the company tries to raise $275 million by offering 13.8 million shares at a range of $19 to $21. In the last year, PBFX brought in $51 million in revenue and is expected to have a market valuation of $635 million. PBFX will begin trading on the New York Stock Exchange on Friday, May 9.
GasLog Partners LP (NYSE: GLOP) is an owner and operator of liquefied natural gas carriers that reported revenue of $64 million in the last year. GLOP is looking to raise $168 million by offering 8.4 million shares at a $19 to $21 range. Following the IPO, the company is expected to have a market valuation of approximately $401 million. GLOP will make its public debut on the NYSE on Thursday, May 8.
Cheetah Mobile (NYSE: CMCM) is a Chinese mobile security app developer. It's a spin-off from the investment holding company Kingsoft Corp. CMCM is planning to offer 12 million shares at a range of $12.50 to $14.50. By raising $162 million in its IPO, the company will have a market value of approximately $2.1 billion. In the last year, Cheetah Mobile had $122 million in revenue. CMCM stock will hit the NYSE on Thursday, May 8.
But those aren't the only companies debuting this week. Here are six more to watch…