The following IPOs are expected to price this week:
Energy & Exploration Partners (ENXP), an early stage oil and gas E&P focused on unconventional resources, plans to raise $236 million by offering 15.8 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Energy & Exploration Partners would command a market value of $525 million. Energy & Exploration Partners was founded in 2006. The Fort Worth, TX-based company plans to list on the NYSE under the symbol ENXP. Canaccord Genuity and Johnson Rice & Co. are the joint bookrunners on the deal.
Radius Health (RDUS), a biotech developing treatments to restore bone loss from osteoporosis, plans to raise $62 million by offering 6.5 million shares at a price range of $8.50 to $10.50. At the midpoint of the proposed range, Radius Health would command a market value of $283 million. Radius Health was founded in 2003. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol RDUS. UBS Investment Bank and Leerink Swann are the joint bookrunners on the deal.
Ruckus Wireless (RKUS), which provides carrier-class Wi-Fi systems to telecoms and enterprises, plans to raise $118 million by offering 8.4 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Ruckus Wireless would command a market value of $1.3 billion. Ruckus Wireless, which was founded in 2004, booked $194 million in sales over the last 12 months. The Sunnyvale, CA-based company plans to list on the NYSE under the symbol RKUS. Goldman Sachs, Morgan Stanley and Deutsche Bank are the joint bookrunners on the deal.
Silvercrest Asset Management Group (SAMG), an investment company with $11 billion in AUM for ultra high net worth individuals, plans to raise $55 million by offering 4.6 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Silvercrest Asset Management Group would command a market value of $142 million. Silvercrest Asset Management Group, which was founded in 2002, booked $47 million in sales over the last 12 months. The New York, NY-based company plans to list on the NASDAQ under the symbol SAMG. Sandler O'Neill and Raymond James 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.
