Start the conversation
GoPro Inc. (Nasdaq: GPRO) designs wearable cameras that are frequently used to film extreme sports like skiing, snowboarding, and surfing. The company was founded in San Mateo, Calif., in 2004 by now-billionaire Nick Woodman.
The company's products have made high-profile appearances with extreme-sport athletes including Olympic snowboarder Shaun White and world-champion surfer Kelly Slater. Stuntman Felix Baumgartner filmed his highly publicized space freefall in 2012 with a GoPro camera. That footage was used in a 2014 Super Bowl commercial.
Through the IPO, GoPro plans to raise $401 million by offering 17.8 million shares at a $21 to $24 range. The company is expected to have a valuation near $3.4 billion after reporting $966 million in revenue last year.
But the GoPro IPO isn't the only big IPO this week. Take a look at the other 18 companies hitting the market…
IPO Calendar: The Biggest Initial Public Offerings This Week
ServiceMaster Global Holdings (NYSE: SERV) provides essential residential and commercial services. Its most well-known brands include Terminix (pest control), American Home Shield (home warranties), and ServiceMaster Restore (disaster recovery). SERV plans to raise $700 million through its IPO by offering 35.9 million shares at a range of $18 to $21 per share. In the last year, SERV reported revenue of $2.3 billion, and the company is expected to have a valuation of $2.5 billion following the IPO. SERV shares will hit the New York Stock Exchange (NYSE) on Thursday, June 26.
The Michaels Companies Inc. (Nasdaq: MIK) is North America's largest arts and crafts retailer. Through its IPO, the company is looking to raise $500 million by selling 27.8 million shares at a $17 to $19 range. Following the deal, the company should have a market value near $3.8 billion. In the last year, MIK reported revenue of $440 million. MIK will begin trading on the Nasdaq on Friday, June 27.
NextEra Energy Partners LP (NYSE: NEP) is a wind and solar energy company that plans to raise $325 million in its IPO this week. NEP will offer 16.3 million shares at a range of $19 to $21. In the last year, NEP reported revenue of $169 million, and the company is expected to command a market value of approximately $1.9 billion. NEP shares will hit the NYSE on Friday, June 27.
There are 15 other companies going public this week, and four of them are looking to raise more than $100 million…