U.S. Awaits Biggest IPO Week Since Facebook —Wall Street Journal
Six Initial Public Offerings Seek to Raise $1.1 BillionÂ
The IPO market is set for its biggest week since Facebook Inc.’s FB +4.98% troubled offering in May, with Manchester United Ltd. and the operator of Outback Steakhouse among those scheduled to hit the tape, reports the Wall Street Journal. Â Â More:
Six initial public offerings are seeking to raise $1.1 billion, the most since the week ended May 18, according to Ipreo, a capital-markets data and advisory firm.
In focus will be Manchester United, one of the world’s most valuable sports brands. The English soccer club is expected on Friday to list its $300 million deal, with shares priced between $16 and $20, on the New York Stock Exchange.
Also on the agenda are a pair of restaurant operators: Bloomin’ Brands Inc., which operates the Outback Steakhouse chain; and CKE Inc., parent of the Hardee’s and Carl’s Jr. fast-food franchises. The restaurant space has been one of the busiest in the IPO world of late.
Manchester United, a 134-year-old club, is set to become the first sports franchise to list in the U.S. since Major League Baseball’s Cleveland Indians did it back in 1998.
The Market’s Animal Spirits May be Flowing: Â Friday the Dow Surged 200+ Points, and This Week Offers Six IPOs