Mid-Tier underwriters in the spotlight in lighter IPO week to open up June

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This past week zero IPOs debuted, zero IPOs updated terms and five new deals were filed.

As expected, the post-Memorial Day week of trading was light in both the IPO and Secondary market. According to our sources, the IPO market is likely to heat back up again as evidence by a few key filings including one coming from a high-profile consumer company, Blue Apron Holdings (NYSE:APRN), on Friday. We wrote a brief article about the potential for the IPO market to truly gain momentum into the second half of 2017 and you can read that by going here.

Looking ahead to this week, there are four IPOs on the schedule and all four deals are relatively smaller cash raises from some of the smaller underwriting banks on the street.

Avenue Therapeutics (Nasdaq: ATXI) is a specialty pharmaceutical company focused on the development and commercialization of an intravenous, or IV, formulation of tramadol HCl, or IV Tramadol, for the management of moderate to moderately severe postoperative pain.

Mota Group, Inc (Nasdaq: MOTA) is a company that designs, manufactures and markets consumer products…including recreational and commercial drones, smart wearables and innovative mobile accessories for smartphone and camera users. You can indicate for the Mota Group IPO through Motif Investing.

Plymouth Industrial REIT (NYSE: PLYM) is a full service, vertically integrated, self-administered and self-managed Maryland corporation focused on the acquisition, ownership and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the U.S.

ShotSpotter, Inc (Nasdaq: SSTI) is a leader in the gunshot detection solutions that help law enforcement officials and security personnel identify, locate and deter gun violence.

The current number of “active” IPOs in the pipeline as of 6/2/17 is 61. Good luck trading!