The following IPOs are expected to price this week:
Allison Transmission Holdings (ALSN), which makes fully-automatic transmissions for commercial, military and transit vehicles, plans to raise $500 million by offering 21.7 shares at a price range of $22.00 to $24.00. At the midpoint of the proposed range, Allison Transmission Holdings would command a market value of $4.3 billion. Allison Transmission Holdings, which was founded in 1915, booked $2.2 billion in sales over the last 12 months. The Indianapolis, IN-based company plans to list on the NYSE under the symbol ALSN. BofA Merrill Lynch, Citi and J.P. Morgan are the lead underwriters on the deal.
Demandware (DWRE), which provides an on-demand e-commerce platform for retailers and consumer brands, plans to raise $74 million by offering 5.5 shares at a price range of $12.50 to $14.50. At the midpoint of the proposed range, Demandware would command a market value of $425 million. Demandware was founded in 2004. The Burlington, MA-based company plans to list on the NYSE under the symbol DWRE. Goldman Sachs and Deutsche Bank Securities are the lead underwriters on the deal.
M/A-COM Technology (MTSI), a analog chip supplier to the networking, military and auto/industrial markets, plans to raise $100 million by offering 5.6 shares at a price range of $17.00 to $19.00. At the midpoint of the proposed range, M/A-COM Technology would command a market value of $857 million. M/A-COM Technology, which was founded in 1950, booked $308 million in sales over the last 12 months. The Lowell, MA-based company plans to list on the NASDAQ under the symbol MTSI. Barclays Capital, J.P. Morgan and Jefferies are the lead underwriters on the deal.
Renaissance Capital will have Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.
Last week, there were 2 IPO pricings. Nationstar Mortgage Holdings (NSM), which is leading non-bank residential mortgage loan servicer in the US, was the week's winner, ending up 4% from its IPO price.
