GrubHub Inc. made a big splash in its trading debut Friday, but next week may test the size of investor appetites for initial public offerings. It’s a busy week with 15 companies expected to emerge. Here’s a glance at the companies scheduled to go public:
Adamas Pharmaceuticals Inc. – The Emeryville, Calif.-based brain drug developer creates products for central nervous system disorders such as Parkinson’s and Alzheimer’s. It is one of several drug makers to go public this year. The company has a deal with Forest Laboratories for co-creation of a dementia drug, which is pending FDA approval.
Aldeyra Therapeutics Inc. -The biotechnology company, based in Burlington, Mass., develops drugs designed to trap aldehydes, which can be toxic at high levels and have been linked to some diseases. The company creates treatments for rare skin and eye conditions.
Ally Financial Inc. – The finance company’s offering could make taxpayers whole for a $17.2 billion government bailout during the financial crisis. Ally, known as GMAC Inc. at the time of its bailout, had been the auto lending arm for General Motors. It was nearly wrecked by bad subprime mortgages made by its Residential Capital unit. It has since cut ties to ResCap and transformed itself into a company focused on U.S. auto lending and banking.
Cerulean Pharma Inc. – The Cambridge, Mass., biotech company develops targeted cancer therapies for liver and ovarian cancer.
City Office REIT Inc. – The Canadian real estate investment trust was formed to acquire and operate high-quality office properties in the U.S. It is controlled by private equity firm Second City Capital Partners.
Enable Midstream Partners LP – A natural gas company, based in Oklahoma City, Okla., owns, operates and develops natural gas and crude oil infrastructure assets.
Farmland Partners Inc. – Another real estate investment trust expected to go public next week. The Westminster, Colo.-based company owns farmland properties in North America. Real estate investment trusts receive special tax consideration. They can be a popular business model with investors because they return the bulk of their profits to shareholders.
iKang Healthcare Group Inc. – China’s largest privately held medical centre operator will be offering American depository shares for trading on the Nasdaq.
La Quinta Holdings Inc. – The Irving, Texas-based company behind its namesake hotel chain plans to go public once again. It operated as a publicly traded company for 30 years before it was acquired by the Blackstone Group in 2006. La Quinta has 836 hotels located across North America, of which more than half are franchised. It also has a pipeline of 175 franchise hotels planned for openings in North America, Colombia and Honduras.
Lombard Medical Inc. – The UK-based medical device company develops stent-graft used for endovascular aorta repair. The company plans to use the proceeds to expand its sales force in the U.S. and develop new products to treat complex vascular disease.
Paycom Software Inc. – The company, based in Oklahoma City, Okla., provides cloud-based payroll service software and other human resource services.
Phibro Animal Health Corp. – The company, based in Teaneck, N.J., makes food and medicine for farm animals on a global basis. It concentrates exclusively on animals for food production.
Stalwart Tankers Inc. – The chemical transportation company, based in Greece, was recently formed to acquire and operate a fleet of mid-size chemical tankers. The company plans to use the proceeds to repay debt and buy more vessels. It says the market for chemical tankers is in the early stages of recovery.
Sysorex Global Holdings Corp. – The Santa Clara, Calif. information technology company provides consulting and technology services to cut the security risks for corporate and government clients. It is currently traded on an over-the-counter basis but plans to make its debut on the Nasdaq.
Zoe’s Kitchen Inc. – The restaurant chain, based in Birmingham, Ala., operates 111 fast-casual restaurants serving Mediterranean meals. Fast-casual companies have proven popular recently as consumer’s tastes for more healthful and flavourful food have increased.