5 Firms Set To Launch May With 6 IPOs Surpassing $1.7B

Law360, New York (April 28, 2017, 5:41 PM EDT) -- Five firms will steer six initial public offerings projected to raise more than $1.7 billion during the first week of May, including two energy issuers, three biotech companies and a private equity-backed real estate finance company, extending the IPO market's second-quarter momentum.

The month's first batch of deals follow an April that produced 19 IPOs, the most of any month since October. Given the current state of equity markets — the Dow Jones average is up 14 percent since the presidential election, and the Nasdaq recently crossed 6,000 for the first time — deal-makers expect to remain busy for the time...

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