This is the last week of IPO’s before the holiday lull and probably won’t see them popping up again with any frequency until around the middle of January.  Another hot China IPO hits the street this week on Wednesday along with a couple other decent looking IPO’s

1.  Gushan Environmental Energy (GU):  Chinese biodiesel maker Gushan Environmental Energy produces nearly 200,000 tons of this renewable fuel per year out of vegetable oil, animal fat, and recycled cooking oil. The company buys these raw materials from local vegetable oil and waste management companies, then once processed, the biodiesel is sold directly to marine vessel operators, petroleum wholesalers, and retail gas stations for use in boats, buses, trucks, generators, and other engines. Sales of biodiesel account for more than 80% of Gushan’s revenues, while the remainder comes from selling biodiesel’s by-products, such as glycerine, to food and drug companies.  This is a big company making a whole lotta money.  Trading is expected to begin on Wednesday.

Note: Chris Perruna has a nice analysis of Gushan Environmental (GU)

2. Orion Energy Systems (OESX):  designs, manufactures, and installs energy management systems that include HIF lighting, intelligent lighting controls, and its Apollo Light Pipe product, which collects and focuses daylight without consuming electricity. The firm estimates its products can help cut customers’ lighting-related electricity costs by up to 50% and reduce related carbon dioxide emissions. Since Orion’s inception in 1996 it has installed lighting in nearly 2,000 North American commercial and industrial facilities. Clients include such companies as GE, Kraft, and OfficeMax.  Trading set to begin on Wednesday.

3. Milestone AV Technologies (MLS):  develops and markets a variety of audiovisual and display equipment such as projector and flat panel display mounting, as well as audiovisual furniture and accessories. Established in 2003, Milestone AV Technologies serves more than 4,500 clients, including consumer electronics retailers (Best Buy) and home theater dealers (Abt Electronics). The company markets its products under the Sanus, Chief, and Vuepoint brand names, among others. Third-party suppliers in China, Malaysia, New Zealand, and the US make most of its products.  Trading set to begin on Wednesday.