The following IPOs are expected to price this week:
China Real Estate Information (CRIC), an e-House China spin-off of its real estate information and consulting business plans to raise $226 million by offering 18,000,000 at a price range of $11.80 to $13.30. At the mid-point of the proposed range, China Real Estate Information will command a market value of $1,876.61 million. China Real Estate Information, which was founded in 2002, booked $62 million in sales over the last 12 months. The Shanghai ,China-based company plans to list on the NASDAQ under the symbol CRIC. Credit Suisse, UBS Investment Bank are the lead underwriters on the deal.
RailAmerica (RA), a Fortress-backed owner/operator of short line freight railroads in North America plans to raise $357 million by offering 21,000,000 at a price range of $16.00 to $18.00. At the mid-point of the proposed range, RailAmerica will command a market value of $923.64 million. RailAmerica, which was founded in 1985, booked $460 million in sales over the last 12 months. The Jacksonville, FL-based company plans to list on the NYSE under the symbol RA. J.P. Morgan, Citi, and Deutsche Bank are the lead underwriters on the deal.
ZST Digital Networks (ZSTN), a Chinese provider of digital and optical network equipment to cable system operators plans to raise $25 million by offering 3,125,000 at a price range of $7.50 to $8.50. At the mid-point of the proposed range, ZST Digital Networks will command a market value of $91.84 million. ZST Digital Networks, which was founded in 2006, booked $71 million in sales over the last 12 months. The Zhongyuan District, Zhengzhou ,China-based company plans to list on the NASDAQ under the symbol ZSTN. Rodman & Renshaw are the lead underwriters on the deal.
