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Burned by Blue Apron and Snap? Here Are Upcoming IPOs That Could Turn Your Portfolio Around

It's been a mixed bag for initial public offerings in 2017.

From Snap Inc.'s (SNAP) precipitous decline to Blue Apron Holdings Inc.'s (APRN) disappointing listing last week to successful fundraising for lesser-known companies such as Mulesoft Inc. (MULE) and Carvana Co. (CVNA) , 2017 has seen its fair share of good, bad and ugly IPOs.

With eight companies pricing in the last week of June (raising $761.9 million in total proceeds, according to IPreO research) and a host of IPOs on the horizon, there should be plenty of choices going forward for those looking to wade into freshly public companies.

"The current six-month IPO backlog at the close of 2017's second quarter stands at a total of 29 deals for anticipated total proceeds of $5.6B," iPreO noted in its July 7 recap of the second quarter. "Comparably, the backlog at the close of 2017's first quarter stood at 33 deals ... but for $4.5B, representing a quarterly proceeds increase of 25.0%."

But before you wade into the IPO waters in the second half, lets take a look at some of the candidates for your future portfolio in 2017.

YogaWorks

Yoga has become big business. Even Narendra Modi, prime minister of India, gets in on the action.

YogaWorks Inc. operates 50 yoga studios in major U.S. metropolitan markets and brought in $55.1 million in revenue in 2016, compared with $48.5 million in the same period of 2015. The Culver City, Calif., company is set to offer 5 million shares at a range of $12 to $14 apiece.

Boston private equity firm Great Hill Partners LP controls 99.9% of shares through its $1.1 billion Great Hill Equity Partners V LP fund, which would be cut to 64% after the offering. The amended Form S-1 filed with the Securities and Exchange Commission, however, said Great Hill had expressed interest at purchasing up to $10 million in shares through the IPO, which would boost its stake to a potential 70.3%...


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