The following IPOs are expected to price this week:
AutoGenomics (AGMX), which provides a molecular diagnostics system for genetic testing in clinical laboratories, plans to raise $60 million by offering 6.0 million shares at a price range of $9.00 to $11.00. At the midpoint of the proposed range, AutoGenomics would command a market value of $188 million. AutoGenomics, which was founded in 1999, booked $17 million in sales over the last 12 months. The Vista, CA-based company plans to list on the NASDAQ under the symbol AGMX. Leerink Swann is the lead bookrunner on the deal.
Boise Cascade Company (BCC), a North American wood products manufacturer and building materials distributor, plans to raise $200 million by offering 11.8 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Boise Cascade Company would command a market value of $705 million. Boise Cascade Company, which was founded in 1957, booked $2.6 billion in sales over the last 12 months. The Boise, ID-based company plans to list on the NYSE under the symbol BCC. BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal.
ExOne (XONE), a provider of 3D printing machines and printed products to industrial customers, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, ExOne would command a market value of $192 million. ExOne, which was founded in 2003, booked $19 million in sales over the last 12 months. The North Huntingdon, PA-based company plans to list on the NASDAQ under the symbol XONE. FBR Capital Markets is the lead bookrunner on the deal.
Health Insurance Innovations (HIIQ), which offers web-based short-term medical insurance for uninsured and underinsured, plans to raise $70 million by offering 4.7 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Health Insurance Innovations would command a market value of $200 million. Health Insurance Innovations, which was founded in 2008, booked $38 million in sales over the last 12 months. The Tampa, FL-based company plans to list on the NASDAQ under the symbol HIIQ. Credit Suisse, Citi and BofA Merrill Lynch are the joint bookrunners on the deal.
National Commercial Bank Jamaica (NCJ), Jamaica's largest commercial bank by assets, plans to raise $225 million by offering 16.1 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, National Commercial Bank Jamaica would command a market value of $866 million. National Commercial Bank Jamaica, which was founded in 1970, booked $381 million in sales over the last 12 months. The Kingston, Jamaica-based company plans to list on the NYSE under the symbol NCJ. J.P. Morgan and Macquarie Capital are the joint bookrunners on the deal. Please note: Currently listed on the Jamaica Stock Exchange and the Trinidad and Tobago Stock Exchange under the symbol NCBJ.
New Source Energy Partners LP (NSLP), a New Source Energy-sponsored LP formed to own OK-based oil and gas assets, plans to raise $80 million by offering 4.0 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, New Source Energy Partners LP would command a market value of $147 million. New Source Energy Partners LP, which was founded in 2012, booked $42 million in sales over the last 12 months. The Oklahoma City, OK-based company plans to list on the NYSE under the symbol NSLP. Baird, Stifel Nicolaus Weisel, BMO Capital Markets and Oppenheimer & Co. are the joint bookrunners on the deal.
QGOG Constellation (QGOG), a Brazilian provider of offshore oil and gas drilling services, plans to raise $550 million by offering 27.5 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, QGOG Constellation would command a market value of $4.0 billion. QGOG Constellation, which was founded in 1981, booked $747 million in sales over the last 12 months. The Luxembourg, Luxembourg-based company plans to list on the NYSE under the symbol QGOG. J.P. Morgan, BofA Merrill Lynch, Itau BBA and Credit Suisse are the joint bookrunners on the deal.
ZAIS Financial (ZFC), a mortgage REIT that invests in agency and non-agency RMBS, plans to raise $120 million by offering 5.7 million shares at a price of $21.25. At $21.25, ZAIS Financial would command a market value of $189 million. ZAIS Financial, which was founded in 2011, booked $8 million in sales over the last 12 months. The Red Bank, NJ-based company plans to list on the NYSE under the symbol ZFC. Deutsche Bank, Citi, Barclays and Credit Suisse 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 5 IPO pricings. Zoetis (ZTS), a spin-off of Pfizer's global animal health medicines and vaccines business, was the week's winner, ending up 19% from its IPO price.
