The Upcoming Week in IPOs: What to Anticipate
As we look ahead to the coming weeks, a notable lineup of companies is gearing up to enter the public markets on US exchanges. This surge in initial public offerings (IPOs) is a reflection of the broader economic sentiment and investor appetite for new opportunities. Let’s delve into some of the key players poised to make their debut.
Spotlight on SmartStop Self Storage
Leading the pack is SmartStop Self Storage (SMA), a real estate investment trust (REIT) that plans to raise an impressive $851 million at a market capitalization of approximately $1.7 billion. With a portfolio of 208 self-storage properties across the United States and Canada, SmartStop holds the title of the tenth largest owner and operator of self-storage facilities in the US, according to the Inside Self Storage Top-Operators List for 2024. Investors might be particularly interested in the company’s strategy to offer monthly distributions, projecting an attractive annualized yield of 5.1% at the midpoint of their price range.
Bgin Blockchain: A Digital Frontier
Next on the list is Singapore-based Bgin Blockchain (BGIN). This digital asset technology firm seeks to raise $50 million with a market cap of $652 million. Bgin specializes in cryptocurrency mining technologies and is strategically focused on alternative cryptocurrencies. Despite its rapid growth in the volatile crypto market, potential investors should note the inherent risks associated with depending on emergent coins which can experience significant fluctuations.
OMS Energy Technologies: Powering the Future
In the energy sector, OMS Energy Technologies (OMSE) is preparing to raise $50 million, targeting a market cap of $399 million. This company manufactures essential equipment such as surface wellhead systems and oil country tubular goods for both onshore and offshore exploration and production activities. An exciting aspect for OMS is its 10-year agreement with Saudi Aramco, providing a solid foundation for the majority of the company’s revenue stream.
A Conservative Player: Newsmax Media
Although not included in the detailed table below, Newsmax Media (NMAX) is another player in the IPO landscape this week. The conservative news channel is set to list on the NYSE following a completed Regulation A+ offering, adding variety to the types of offerings hitting the market.
The Upcoming IPO Calendar
Here’s a detailed look at the companies aiming to go public:
| Issuer | Deal Size | Market Cap | Price Range | Top Bookrunners |
|---|---|---|---|---|
| Bgin Blockchain (BGIN) | $50M | $652M | $7 – $9 | Chardan, Benchmark |
| OMS Energy Technologies (OMSE) | $50M | $399M | $8 – $10 | Roth Capital Partners |
| SmartStop Self Storage (SMA) | $851M | $1,742M | $28 – $35 | JP Morgan, Wells Fargo |
Each of these companies brings a unique value proposition and opportunity for investors. For those looking to keep a keen eye on the market, street research is anticipated for five companies, and seven lock-up periods are set to expire, potentially impacting stock prices and investor sentiment.
Insights into the IPO Market
As we assess the broader landscape, it’s important to reflect on recent performance metrics. The Renaissance IPO indices, which are market cap-weighted collections of newly public companies, indicate that as of March 27, 2025, the Renaissance IPO Index was down 11.1% year-to-date compared to the S&P 500’s decline of 2.9%. This divergence highlights the volatility often associated with new market entrants.
The Renaissance IPO ETF (NYSE: IPO) tracks this index, featuring top holdings like Kenvue and Corebridge Financial, while the International IPO Index climbed 6.0% year-to-date, outshining the performance of the ACWX index.
For those keen on investing or simply wanting to stay abreast of the IPO activity, resources such as IPO Pro offer comprehensive insights, along with detailed analyses of lock-up expirations and street research to navigate this dynamic market landscape.
Investors looking for opportunities in the bustling IPO scene will find ample prospects emerging over the next week. Keep an eye on these upcoming listings as companies across diverse sectors diversify the offerings available to the investing public.
