The following IPOs are expected to price this week:
Fabrinet (FN), which provides outsourced manufacturing of optical components for OEMS, plans to raise $111 million by offering 8.5 million shares at a price range of $12-$14. At the mid-point of the proposed range, Fabrinet will command a market value of $447 million. Fabrinet, which was founded in 2000, booked $379 million in sales last year. The Bangkok-based company plans to list on the NYSE under the symbol FN. Morgan Stanley and Deutsche Bank Securities are the lead underwriters on the deal.
Hudson Pacific Properties (HPP), a vertically integrated REIT operating in the California office sector, plans to raise $230 million by offering 12.8 million shares at a price range of $17-19. At the mid-point of the proposed range, Hudson Pacific Properties will command a market value of $410 million. Hudson Pacific Properties, which was founded in 2009, booked $53 million in sales last year. The Los Angeles, CA-based company plans to list on the NYSE under the symbol HPP. BofA Merrill Lynch, Barclays Capital and Morgan Stanley are the lead underwriters on the deal.
Resaca Exploitation (RSOX), an independent oil and gas exploitation company focused in TX and NM, plans to raise $68 million by offering 20 million shares at a price range of $3.20-$3.60. At the mid-point of the proposed range, Resaca Exploitation will command a market value of $199 million. Resaca Exploitation, which was founded in 2006, booked $43 million in sales last year. The Houston, TX-based company plans to list on the NYSE under the symbol RSOX. RBC Capital Markets is the lead underwriter on the deal.
Last week, there were 6 IPO pricings. Higher One Holdings (ONE), which offers campus banking, financial aid disbursement and tuition payment services, was the week's winner, ending up 26% from its IPO price.
