The following IPOs are expected to price this week:
Arc Logistics Partners LP (ARCX), a Lightfoot Capital-backed MLP that owns crude oil and refined product terminals, plans to raise $120 million by offering 6.0 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Arc Logistics Partners LP would command a market value of $243 million. The company plans to list on the NYSE under the symbol ARCX.
Avianca Holdings (AVH), a leading Latin American airline with hubs in Colombia, Peru and El Salvador, plans to raise $504 million by offering 27.2 million shares at a price range of $17.00 to $20.00. At the midpoint of the proposed range, Avianca Holdings would command a market value of $2.3 billion. The company plans to list on the NYSE under the symbol AVH.
Barracuda Networks (CUDA), which provides easy-to-use security and storage software for SMBs, plans to raise $81 million by offering 4.1 million shares at a price range of $18.00 to $21.00. At the midpoint of the proposed range, Barracuda Networks would command a market value of $1.0 billion. The company plans to list on the NYSE under the symbol CUDA.
Blue Capital Reinsurance Holdings (BCRH), a property catastrophe reinsurance company formed by Montpelier Re, plans to raise $125 million by offering 6.3 million shares at a price of $20.00. At the midpoint of the proposed range, Blue Capital Reinsurance Holdings would command a market value of $175 million. The company plans to list on the NYSE under the symbol BCRH.
Eros International (EROS), which produces and distributes Indian films in over 50 countries, plans to raise $200 million by offering 12.5 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Eros International would command a market value of $844 million. The company plans to list on the NYSE under the symbol EROS.
GlycoMimetics (GLYC), a clinical-stage biotech developing treatments for orphan diseases, plans to raise $60 million by offering 4.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, GlycoMimetics would command a market value of $218 million. The company plans to list on the NASDAQ under the symbol GLYC.
JGWPT Holdings (JGW), which buys structured settlement payment streams under the JG Wentworth/Peachtree brands, plans to raise $250 million by offering 12.2 million shares at a price range of $19.00 to $22.00. At the midpoint of the proposed range, JGWPT Holdings would command a market value of $581 million. The company plans to list on the NYSE under the symbol JGW.
Karyopharm Therapeutics (KPTI), a clinical-stage biotech developing treatments for cancer and other major diseases, plans to raise $85 million by offering 5.7 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Karyopharm Therapeutics would command a market value of $414 million. The company plans to list on the NASDAQ under the symbol KPTI.
LGI Homes (LGIH), an entry-level homebuilder in Texas, Arizona, Florida and Georgia, plans to raise $126 million by offering 9.0 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, LGI Homes would command a market value of $274 million. The company plans to list on the NASDAQ under the symbol LGIH.
Mavenir Systems (MVNR), which provides telecommunications software and solutions to wireless carriers, plans to raise $77 million by offering 4.8 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Mavenir Systems would command a market value of $412 million. The plans to list on the NYSE under the symbol MVNR.
Midcoast Energy Partners, LP (MEP), an Enbridge Energy Partners-backed LP that owns natural gas/NGL midstream assets, plans to raise $370 million by offering 18.5 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Midcoast Energy Partners, LP would command a market value of $923 million. The company plans to list on the NYSE under the symbol MEP.
NMI Holdings (NMIH), which provides private mortgage insurance, plans to raise $25 million by offering 2.1 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, NMI Holdings would command a market value of $715 million. The company plans to list on the NASDAQ under the symbol NMIH.
Norcraft Companies (NCFT), a leading manufacturer of kitchen and bathroom cabinetry in the US and Canada, plans to raise $100 million by offering 5.9 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Norcraft Companies would command a market value of $311 million. The company plans to list on the NYSE under the symbol NCFT.
Twitter (TWTR), an online social networking and microblogging service, plans to raise $1.7 billion by offering 70.0 million shares at a price range of $23.00 to $25.00. At the midpoint of the proposed range, Twitter would command a market value of $16.6 billion. The company plans to list on the NYSE under the symbol TWTR. (Please note: Revised terms on 11/4/13. Previously planned to offer 70mm shares at a range of $17-$20.)
Wix.com (WIX), a freemium provider of web presence solutions to small businesses globally, plans to raise $119 million by offering 7.7 million shares at a price range of $14.50 to $16.50. At the midpoint of the proposed range, Wix.com would command a market value of $565 million. The company plans to list on the NASDAQ under the symbol WIX.
