May 18, 2015 / 5:54 PM / 2 years ago

BUZZ- U.S. IPOs: Focus shifts to tech as window remains open

2 Min Read

** Three tech deals among five set to raise about $1 bln and could be first week this year during which more than one tech company goes public

** Canada's Shopify Inc and China's Alibaba-backed Baozun Inc duel directly for investors' attention as both e-commerce firms look to debut Thursday

** Mortgage data analytics provider Black Knight Financial Services sends strong signal, accelerates pricing to Tuesday night

** Last week all five scheduled IPOs priced, raised $1.5 bln, but three companies cut their respective valuations to get done

** On positive side, EQT GP Holdings pops in its debut, on heels of successful Tallgrass Energy GP IPO

** Belgian-Dutch Galapagos NV sees its U.S. listed ADSs soar 20+ pct as Johnson & Johnson and AbbVie Inc -backed biotech raises $317 mln

** Along with last week's IPOs, 16 follow-ons ($5.8 bln) and three converts price for total transaction value of $8.3 bln

** Blocks reemerge, account for half follow-on deal count and dominate issuance ($4.9 bln)

** Most notable, Hilton Worldwide Holdings Inc's $2.7 secondary largest-ever sponsor-backed block as Blackstone Group LP reduces its stake below 50 pct

** Looking ahead, few IPO launches expected ahead of Memorial Day holiday, though pipeline continues to fill

** E-commerce company Mindbody Inc, medical device firm Glaukos Corp and REIT Landmark Apartment Investment Trust most notable IPO filings last week

** Follow-on and block issuance expected to remain vibrant with equities at record highs

** Recent IPO coverage (Messaging: lance.tupper.thomsonreuters.com@reuters.net)

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