The following IPOs are expected to price this week:
Hi-Crush Partners LP (HCLP), which produces frac sands used in recovering hydrocarbons from oil and nat gas wells, plans to raise $225 million by offering 11.3 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Hi-Crush Partners LP would command a market value of $546 million. Hi-Crush Partners LP, which was founded in 2010, booked $55 million in sales over the last 12 months. The Houston, TX-based company plans to list on the NYSE under the symbol HCLP. Barclays, Morgan Stanley, Credit Suisse and UBS Investment Bank are the joint bookrunners 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 4 IPO pricings. Performant Financial (PFMT), which recovers delinquent and defaulted loans for Dept. of Education and Medicare, was the week's winner, ending up 18% from its IPO price.
