There are 9 IPOs are expected this week. If all price successfully, it will mark the busiest week since December 2010.
Angie's List (ANGI), which operates a subscription-based website used to review local service providers, plans to raise $106 million by offering 8.8 million shares at a price range of $11 to $13. At the mid-point of the proposed range, Angie's List will command a market value of $677 million. Angie's List, which was founded in 1995, booked $79 million in sales over the last 12 months. The Indianapolis, IN-based company plans to list on the NASDAQ under the symbol ANGI. BofA Merrill Lynch is the lead underwriter on the deal.
Bluestem Brands (BSTM), a multi-brand catalog and e-commerce retailer targeting low income customers, plans to raise $150 million by offering 10 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Bluestem Brands will command a market value of $573 million. Bluestem Brands, which was founded in 1948, booked $560 million in sales over the last 12 months. The Eden Prairie, MN-based company plans to list on the NASDAQ under the symbol BSTM. Piper Jaffray and Wells Fargo Securities are the lead underwriters on the deal.
Clovis Oncology, Inc. (CLVS), a biotech formed by Pharmion executives to develop pancreas and lung cancer drugs, plans to raise $130 million by offering 9.3 million shares at a price range of $13 to $15. At the mid-point of the proposed range, Clovis Oncology will command a market value of $299 million. Clovis Oncology, which was founded in 2009, does not expect to generate revenues until 2014. The Boulder, CO-based company plans to list on the NASDAQ under the symbol CLVS. J.P. Morgan and Credit Suisse are the lead underwriters on the deal.
Delphi Automotive PLC (DLPH), a global auto supplier, formerly part of General Motors, plans to raise $554 million by offering 24 million shares at a price range of $22 to $24. At the mid-point of the proposed range, Delphi Automotive PLC will command a market value of $7.7 billion. Delphi Automotive PLC, which was founded in 1991, booked $15.8 billion in sales over the last 12 months. The Troy, MI-based company plans to list on the NYSE under the symbol DLPH. Goldman, Sachs & Co., J.P. Morgan, and BofA Merrill Lynch are the lead underwriters on the deal.
Digital Domain Media Group (DDMG), which creates computer-generated animation and digital visual effects for studios and advertisers, plans to raise $61 million by offering 5.5 million shares at a price range of $10 to $12. At the mid-point of the proposed range, Digital Domain Media Group will command a market value of $483 million. Digital Domain Media Group, which was founded in 2009, booked $122 million in sales over the last 12 months. The Port St. Lucie, FL-based company plans to list on the NYSE under the symbol DDMG. Roth Capital and Morgan Joseph are the lead underwriters on the deal.
Intermolecular (IMI), which accelerates the R&D process for semiconductor and clean-energy companies, plans to raise $130 million by offering 10 million shares at a price range of $12 to $14. At the mid-point of the proposed range, Intermolecular will command a market value of $637 million. Intermolecular, which was founded in 2004, booked $53 million in sales over the last 12 months. The San Jose, CA-based company plans to list on the NASDAQ under the symbol IMI. Morgan Stanley, J.P. Morgan, and Barclays Capital are the lead underwriters on the deal.
InvenSense (INVN), which provides motion sensors used in consumer electronics, plans to raise $78 million by offering 10 million shares at a price range of $7 to $8.50. At the mid-point of the proposed range, InvenSense will command a market value of $675 million. InvenSense, which was founded in 2003, booked $130 million in sales over the last 12 months. The Sunnyvale, CA-based company plans to list on the NYSE under the symbol INVN. Goldman, Sachs & Co. and Morgan Stanley are the lead underwriters on the deal.
Manning & Napier (MN), a independent investment management firm with $42 billion AUM, plans to raise $200 million by offering 12.5 million shares at a price range of $15 to $17. At the mid-point of the proposed range, Manning & Napier will command a market value of $1.4 billion. Manning & Napier, which was founded in 1970, booked $323 million in sales over the last 12 months. The Fairport, NY-based company plans to list on the NYSE under the symbol MN. BofA Merrill Lynch and J.P. Morgan are the lead underwriters on the deal.
Mattress Firm Holding (MFRM), a specialty retailer of multi-brand mattresses with 811 stores in 25 states, plans to raise $100 million by offering 5.6 million shares at a price range of $17 to $19. At the mid-point of the proposed range, Mattress Firm Holding will command a market value of $599 million. Mattress Firm Holding, which was founded in 1986, booked $590 million in sales over the last 12 months. The Houston, TX-based company plans to list on the NASDAQ under the symbol MFRM. Barclays Capital, UBS Investment Bank, and William Blair are the lead underwriters on the deal.
Renaissance Capital will have Pre-IPO Research available on these upcoming IPOs prior to its pricing.
Last week, there were 5 IPO pricings. Imperva (IMPV), which offers database, file and web application solutions to protect data in data centers, was the week's winner, ending up 47% from its IPO price.
