The following IPOs are expected to price this week:
Generac Holdings (GNRC), a private equity-backed manufacturer of standby generators, plans to raise $325 million by offering 20.3 million shares at a price range of $15-$17. At the mid-point of the proposed range, Generac will command a market value of $1.1 billion. Generac Holdings, which was founded in 1959, booked $628 million in sales over the last 12 months. The Waukesha, WI-based company plans to list on the NYSE under the symbol GNRC. J.P. Morgan and Goldman Sachs are the lead underwriters on the deal.
Graham Packaging (GRM), a leading supplier of plastic containers for food/beverage and other consumer products, plans to raise $350 million by offering 23.3 million shares at a price range of $14-$16. At the mid-point of the proposed range, Graham Packaging will command a market value of $1.1 billion. Graham Packaging, which was founded in 1960, booked $2.3 billion in sales over the last 12 months. The York, PA-based company plans to list on the NYSE under the symbol GRM. Citi, Goldman Sachs, and Deutsche Bank are the lead underwriters on the deal.
JinkoSolar Holding (JKS), a China-based manufacturer of silicon wafers, solar cells and solar modules, plans to raise $74 million by offering 10.6 million shares at a price range of $6-$8. At the mid-point of the proposed range, JinkoSolar will command a market value of $298 million. JinkoSolar, which was founded in 2006, booked $224 million in sales over the last 12 months. The company plans to list on the NYSE under the symbol JKS. Goldman Sachs (Asia) L.L.C. and Credit Suisse are the lead underwriters on the deal.
Patriot Risk Management (PMG), which provides workers' compensation insurance and fee-based insurance services, plans to raise $170 million by offering 17 million shares at a price range of $10-$12. At the mid-point of the proposed range, Patriot will command a market value of $187 million. Patriot Risk Management, which was founded in 2003, booked $33 million in sales over the last 12 months. The Fort Lauderdale, FL-based company plans to list on the NYSE under the symbol PMG. FBR Capital Markets, Macquarie Securities, and Oppenheimer & Co. are the lead underwriters on the deal.
Piedmont Office Realty Trust (PDM), a REIT that owns 73 office buildings in major US cities, plans to raise $306 million by offering 18 million shares at a price range of $16-$18. At the mid-point of the proposed range, Piedmont will command a market value of $3 billion. Piedmont Office Realty Trust, which was founded in 1997, booked $589 million in sales over the last 12 months. The Johns Creek, GA-based company plans to list on the NYSE under the symbol PDM. Morgan Stanley and J.P. Morgan are the lead underwriters on the deal.
QuinStreet (QNST), which provides online lead generation to the education and financial services verticals, plans to raise $180 million by offering 10 million shares at a price range of $17-$19. At the mid-point of the proposed range, QuinStreet will command a market value of $908 million. QuinStreet, which was founded in 1999, booked $275 million in sales over the last 12 months. The Foster City, CA-based company plans to list on the NASDAQ under the symbol QNST. Credit Suisse, BofA Merrill Lynch and J.P. Morgan are the lead underwriters on the deal.
