The following IPOs are expected to price this week:
HomeStreet (HMST), a full-service community bank operating primarily in the Pacific Northwest, plans to raise $165 million by offering 7,173,913 shares at a price range of $22.00 to $24.00. At the mid-point of the proposed range, HomeStreet will command a market value of $199.28 million. HomeStreet, which was founded in 1921, booked $49 million in sales over the last 12 months. The Seattle, WA-based company plans to list on the NASDAQ under the symbol HMST. FBR Capital Markets are the lead underwriters on the deal.Please note: Postponed on 8/9/11; Filed new terms on 11/3/11.
Memorial Production Partners LP (MEMP), a formed by Memorial Resource to acquire oil and gas properties in Texas, plans to raise $288 million by offering 10,000,000 shares at a price range of $19.00 to $21.00. At the mid-point of the proposed range, Memorial Production Partners LP will command a market value of $428.44 million. Memorial Production Partners LP was founded in 2011. The Houston, TX-based company plans to list on the NASDAQ under the symbol MEMP. Citi, Raymond James, and Wells Fargo Securities are the lead underwriters on the deal.
Peak Resorts (PEAK), which operates 12 overnight-drive and day-ski resorts in six US states, plans to raise $85 million by offering 5,000,000 shares at a price range of $16.00 to $18.00. At the mid-point of the proposed range, Peak Resorts will command a market value of $152.02 million. Peak Resorts, which was founded in 1982, booked $98 million in sales over the last 12 months. The Wildwood, MO-based company plans to list on the NASDAQ under the symbol PEAK. Raymond James are the lead underwriters on the deal.
Rose Rock Midstream, L.P. (RRMS), a recently formed by SemGroup to own and acquire midstream energy assets in the western US, plans to raise $140 million by offering 7,000,000 shares at a price range of $19.00 to $21.00. At the mid-point of the proposed range, Rose Rock Midstream, L.P. will command a market value of $167.79 million. Rose Rock Midstream, L.P., which was founded in 2011, booked $374 million in sales over the last 12 months. The Tulsa, OK-based company plans to list on the NYSE under the symbol RRMS. Barclays Capital, Citi, and Deutsche Bank Securities are the lead underwriters on the deal.
Renaissance Capital will have Pre-IPO Research available on these upcoming IPOs prior to its pricing.
