
By Renaissancecapital
After a slow holiday week started off the year, IPO activity is picking up steam. Five new deals have launched this week and are scheduled to price the week of January 14. The group is comprised of REIT CyrusOne (CONE), cruise operator Norwegian Cruise Line (NCLH) and three LPs, USA Compression Partners (USAC), CVR Refining LP (CVRR) and SunCoke Energy Partners (SXCP). January is typically the slowest month of the year for IPO pricings, averaging only six new deals since 2003, with a peak of 15 new deals in 2006 and a low of zero in both 2003 and 2009.
CyrusOne, a Cincinatti Bell carve-out, operates data center REITs primarily in Texas and Ohio and will attempt to capitalize on investor interest in this sector caused by the ongoing shift to outsourced data center infrastructure. Comparable companies, such as Digital Realty Trust (NYSE:DLR) and DuPont Fabros Technology (NYSE:DFT), have vastly outperformed the broader markets since November. In addition, close comparable CoreSite Realty (NYSE:COR) is currently t