Three US companies will launch initial public offerings (IPOs) during the week of May 22, according to IPO ETF manager Renaissance Capital and SEC filings.
Atmus Filtration Technologies – Nashville, Tenn., 14.1 million shares, priced $18-$21, managed by Goldman Sachs/JP Morgan. Proposed NYSE symbol ATMU. Business: Industrial and engine filtration business spun out of Cummins.
Courtside Group (PodcastOne) – 9.4 million shares, priced at $6.44, managed by Joseph Gunnar. Proposed Nasdaq symbol PODC. Business: Podcast producer and publisher being spun out of LiveOne.
Elephant Oil – Houston, Texas, 1.6 million shares, priced $4-$5, managed by Spartan Capital Securities. Proposed Nasdaq symbol ELEP. Business: Early-stage oil and gas E&P focused on under-explored regions in Africa.