After several weeks with limited filings, activity picked up this week as five new companies filed for IPOs. This marks the first week that five companies were added to the pipeline since the week of August 27. The five additions includes two REITs, Aviv (AVIV) and Five Oaks Investment (FOIC), along with packaged food producer, Pinnacle Foods (PF), Single-family home builder TRI Pointe Homes (TPH) and confidential filer Health Insurance Innovations (HIIQ). Health Insurance Innovations had been on our Private Company Backlog. Five Oaks, Aviv and TRI Pointe were also confidential filers.
With only four December filings as of the beginning of this week, this December was threatening to become the weakest month since May 2009, when there were only three filings. Though there is still the opportunity for companies to file next week, this week represented a final push for companies interested in filing in 2012, as market activity is expected to slow due to the holidays. Last year, out of 18 December filings, only two companies filed in the last week.
| New filers during week of 12/17 | ||||
|---|---|---|---|---|
| Company | Ticker | Description | Size* | Industry |
| Aviv REIT | AVIV | REIT specializing in owning and acquiring skilled nursing facilities. |
$300 | Financial Services |
| Pinnacle Foods | PF | Leading manufacturer, marketer and distributor of branded food products |
$500 - $1,000** |
Food & Beverage |
| Five Oaks Investment |
FOIC | REIT focused on investing in, financing and managing agency and non-agency RMBS. |
$115 | Financial Services |
| Health Insurance Innovations | HIIQ | Offers web-based medical insurance plans for the uninsured and underinsured | $86 | Insurance |
| TRI Pointe Homes | TPH | Designs, constructs and sells single-family homes in California | $173 | Capital Goods |
