The IPO thaw is finally here. Maybe. It's been two months since the market bottomed, but it's been nearly four months since any significant companies went public.
This morning SecureWorks, Dell's security spinoff, said its long-awaited IPO was expected to price 9 million shares between $15.50 and $17.50, valuing the company at up to $1.42 billion.
Exchange operator BATS Global Markets (BATS) is scheduled to price its long-awaited IPO next Thursday night for trading Friday, and there's a lot at stake.
First, BATS will be listing and trading on its own exchange, after an historic 2012 technology glitch that forced them to abandon their IPO. Second, the entire IPO community will be watching the deal as an indication of the health of the IPO market.
BATS has to execute the IPO and price it so investors make money. If the deal does well and the markets hold up, two other IPOs are waiting the following week: casino REIT MGM Growth Properties (MGP), and American Renal (ARA), which runs dialysis facilities.