The following IPOs are expected to price this week:
Bazaarvoice (BV), which provides an online customer review platform to brands and retailers, plans to raise $85 million by offering 9.5 million shares at a price range of $8.00 to $10.00. At the midpoint of the proposed range, Bazaarvoice would command a market value of $570 million. Bazaarvoice, which was founded in 2005, booked $94 million in sales over the last 12 months. The Austin, TX-based company plans to list on the NASDAQ under the symbol BV. Morgan Stanley, Deutsche Bank Securities and Credit Suisse are the lead underwriters on the deal.
Ceres (CERE), which sells seeds used to produce renewable bioenergy feedstocks, plans to raise $83 million by offering 5 million shares at a price range of $16.00 to $17.00. At the midpoint of the proposed range, Ceres would command a market value of $414 million. Ceres, which was founded in 1996, booked $7 million in sales over the last 12 months. The Thousand Oaks, CA-based company plans to list on the NASDAQ under the symbol CERE. Goldman Sachs and Barclays Capital are the lead underwriters on the deal.
Proto Labs (PRLB), which manufactures quick-turn, low-volume molded custom parts for prototyping, plans to raise $60 million by offering 4.3 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Proto Labs would command a market value of $342 million. Proto Labs, which was founded in 1999, booked $99 million in sales over the last 12 months. The Maple Plain, MN-based company plans to list on the NYSE under the symbol PRLB. Jefferies and Piper Jaffray are the lead underwriters on the deal.
ROI Acquisition (ROIQU-U), a blank check company backed by consumer-focused private equity firm the Clinton Group, plans to raise $75 million by offering 7.5 million shares at $10.00. ROI Acquisition will command a market value of $75 million. The New York, NY-based company plans to list on the NASDAQ under the symbol ROIQU. Deutsche Bank Securities is the lead underwriter on the deal.
Renaissance Capital will have Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.
Last week, there was 1 IPO pricing. Brightcove (BCOV), which operates a cloud-based platform that enables customers to publish online videos, ended up 30% from its IPO price.
