The following IPO is expected to price this week:
ZELTIQ Aesthetics (ZLTQ), which markets the CoolSculpting system, which reduces stubborn fat bulges, plans to raise $105 million by offering 7 million shares at a price range of $14 to $16. At the mid-point of the proposed range, ZELTIQ Aesthetics will command a market value of $553 million. ZELTIQ Aesthetics, which was founded in 2005, booked $50 million in sales over the last 12 months. The Pleasanton, CA-based company plans to list on the NASDAQ under the symbol ZLTQ. J.P. Morgan and Goldman, Sachs & Co. are the lead underwriters on the deal.
Renaissance Capital will have Pre-IPO Research available on the upcoming IPO prior to its pricing.
Last week, there was one IPO pricing. Ubiquiti Networks (UBNT), which provides wireless networking solutions to carriers in underserved markets, ended the week up 17% from its IPO price.
