The following IPOs are expected to price this week:
Guidewire Software (GWRE), which provides enterprise software and services to 103 P&C insurers, plans to raise $83 million by offering 7,500,000 shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range, Guidewire Software will command a market value of $640.95 million. Guidewire Software, which was founded in 2001, booked $190 million in sales over the last 12 months. The San Mateo, CA-based company plans to list on the NYSE under the symbol GWRE. J.P. Morgan, Deutsche Bank Securities, and Citi are the lead underwriters on the deal.
IntelePeer (PEER), which provides IP-based routing platform for service providers and enterprises, plans to raise $100 million by offering 7,500,000 shares at a price range of $9.00 to $11.00. At the mid-point of the proposed range, IntelePeer will command a market value of $416.01 million. IntelePeer, which was founded in 2003, booked $137 million in sales over the last 12 months. The San Mateo, CA-based company plans to list on the NASDAQ under the symbol PEER. J.P. Morgan, Deutsche Bank Securities, and Barclays Capital are the lead underwriters on the deal.
Verastem (VSTM), a pre-clinical stage biotech developing stem cell therapies for metastatic cancers, plans to raise $50 million by offering 4,500,000 shares at a price range of $9.00 to $11.00. At the mid-point of the proposed range, Verastem will command a market value of $196.09 million. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol VSTM. UBS Investment Bank and Leerink Swann are the lead underwriters on the deal.
Renaissance Capital will have Pre-IPO Research available on these upcoming IPOs prior to their pricings.
Last week, there was 1 IPO pricing. Renewable Energy Group (REGI), the largest producer of biodiesel in the United States, ended the week down -3% from its IPO price.
