The following IPOs are expected to price this week:
Care.com (CRCM), the world's largest online marketplace for finding and managing family care, plans to raise $80 million by offering 5.4 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Care.com would command a market value of $488 million. Care.com, which was founded in 2006, booked $75 million in sales over the last 12 months. The Waltham, MA-based company plans to list on the NYSE under the symbol CRCM. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are the joint bookrunners on the deal.
Rice Energy (RICE), a natural gas E&P operating in the Marcellus and Utica Shale, plans to raise $800 million by offering 40.0 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Rice Energy would command a market value of $2.6 billion. Rice Energy, which was founded in 2008, booked $72 million in sales over the last 12 months. The Canonsburg, PA-based company plans to list on the NYSE under the symbol RICE. Barclays, Citi, Goldman Sachs and Wells Fargo Securities are the joint bookrunners on the deal.
Santander Consumer USA (SC), the leading provider of subprime auto loans in the US, plans to raise $1.5 billion by offering 65.2 million shares at a price range of $22.00 to $24.00. At the midpoint of the proposed range, Santander Consumer USA would command a market value of $8.3 billion. Santander Consumer USA, which was founded in 1995, booked $3.5 billion in sales over the last 12 months. The Dallas, TX-based company plans to list on the NYSE under the symbol SC. Citi, J.P. Morgan, BofA Merrill Lynch and Deutsche 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. Cypress Energy Partners LP (CELP), which provides environmental and inspection services to oil and natural gas companies, was the week's winner, ending up 12% from its IPO price.
