The following IPOs are expected to price this week:
Accretive Health (AH), which provides outsourced revenue cycle management services to US hospitals, plans to raise $200 million by offering 13.3 million shares at a price range of $14-$16. At the mid-point of the proposed range, Accretive Health will command a market value of $1.5 billion. Accretive Health, which was founded in 2003, booked $510 million in sales last year. The Chicago, IL-based company plans to list on the NYSE under the symbol AH. Goldman, Sachs & Co., Credit Suisse and J.P. Morgan are the lead underwriters on the deal.
Film Department Holdings (TFDI), a recently formed independent movie production company, plans to raise $60 million by offering 6.5 million shares at a price range of $12-$14. At the mid-point of the proposed range, Film Department Holdings will command a market value of $136 million. Film Department Holdings, which was founded in 2007, booked $40 million in sales last year. The West Hollywood, CA-based company plans to list on the NASDAQ under the symbol TFDI. Merriman Curhan Ford and IPO Solutions are the lead underwriters on the deal.
ReachLocal (RLOC), which sells online marketing services for small businesses through a localized sales force, plans to raise $75 million by offering 4.2 million shares at a price range of $17-$19. At the mid-point of the proposed range, ReachLocal will command a market value of $540 million. ReachLocal, which was founded in 2003, booked $203 million in sales last year. The Woodland Hills, CA-based company plans to list on the NASDAQ under the symbol RLOC. J.P. Morgan and BofA Merrill Lynch are the lead underwriters on the deal.
Last week, there were 7 IPO pricings. TeleNav (TNAV), which is a leading provider of mobile navigation services on the Sprint and AT&T networks, was the week's winner, ending up 15% from its IPO price.
