And, like any good party, IPO investors are left feeling a little fatigued and groggy as market volatility has provided a headache.
That may not be good news for this week's set of IPOs, which could face a combination of turbulent markets and disenfranchised IPO investors in the wake of the Uber disappointment.
However, conditions in the IPO market change quickly. If the stock market can find its footing, investors could resume their "risk-on" positioning.
Monday, May 13:
- No IPOs expected to price.
Tuesday, May 14:
- ConversionPoint (CPTI): The software developer that helps e-commerce companies convert, manage and re-engage customers using data analytics is expected to price its 6.2 mln share IPO within a range of $6-$7.
- Postal Realty Trust (PSTL): The REIT that owns and manages properties leased to the US Post Office is expected to price its 5.0 mln share IPO within a range of $19-$21.
Wednesday, May 15:
- Bricktown Restaurant Group (BEER): The developer, owner and operator of Bricktown Brewery and Bricktown Tap House and Kitchen restaurants is expected to price its 1.9 mln share IPO within a range of $7-$9
Thursday, May 16:
- PIMCO Mortgage Trust (PMTG): The REIT that intends to acquire, manage, and finance Agency RMBS, MSRs, Non-Agency RMBS and residential mortgage loans is expected to price its 50.0 mln share IPO at $20.
Friday, May 17:
- Avantor (AVTR): The provider of materials, consumables, equipment, and instrumentation to biopharma, healthcare, education and government verticals is expected to price its 154.0 mln share IPO within a range of $18-$21.
- Fastly (FSLY): The developer of an edge cloud platform helping developers deliver digital capabilities is expected to price its 11.3 mln share IPO within a range of $14-$16.
- Luckin Coffee (LK): China's second largest coffee chain in terms of number of stores is expected to price its 30.0 mln share IPO within a range of $15-$17.