There is one IPO expected to price this week:
Silver Spring Networks (SSNI), which provides smart grid products and services to utilities, plans to raise $63 million by offering 3.7 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Silver Spring Networks would command a market value of $794 million. Silver Spring Networks, which was founded in 2002, booked $197 million in sales over the last 12 months. The Redwood City, CA-based company plans to list on the NYSE under the symbol SSNI. Goldman Sachs and Credit Suisse are the joint bookrunners on the deal.
Renaissance Capital will have Pre-IPO Research available on Silver Spring prior to its pricing.
Last week, there were 2 IPO pricings. Artisan Partners Asset Management (APAM), an equities-focused investment manager with $74 billion under management, was the week's winner, ending up 29% from its IPO price.
