It’s now only a matter of hours until the Uber IPO drops. Uber is going to be a monster; the famous ridesharing company anticipates it will rake in a dizzying $8.5 billion or so in its issue.
The IPO market is red hot now, thanks to Uber and recent high-profile issues for companies such as rival Lyft (NASDAQ: LYFT) and alt-food producer Beyond Meat (NASDAQ: BYND). Here’s a look at four more of the many new stocks that are slated to debut in May…
The aptly named HeadHunter Group is an executive search company with a twist that will be unique on our markets — it concentrates exclusively on Russia and the Commonwealth of Independent States (CIS).
It makes its money in traditional ways for its industry, taking a fee from both potential hires and employers to access its databases. HeadHunter Group also provides consultancy services to some of its clientele.
The company is seeking to raise as much as $220 million in its IPO. The shares should start trading Thursday, May 9, on the Nasdaq under the ticker symbol HHR.
Postal Realty Trust
Another unique upcoming issue is Postal Realty Trust, a real estate investment trust (REIT). Postal Realty Trust concentrates exclusively on, you guessed it, properties that are leased to the U.S. Postal Service.
All told, Postal Realty Trust operates 271 properties spread across 41 American states. It plans to acquire more when they become available.
It’s quite profitable — the most recent annual figures for the pre-IPO configuration show nearly $7.7 million in revenue and adjusted funds from operations (AFFO) of just under $3 million. Both results were up on a year-over-year basis.
Postal Realty Trust will gross as much as $105 million from its IPO if its shares price at the top of their range. The ticker symbol will be PSTL, and the first day of trading for the stock is scheduled for Friday, May 10, on the New York Stock Exchange. That’s the same day as the Uber IPO, so to put it mildly, this one might fly under investors’ radar…
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