The following IPOs are expected to price this week:
CoreSite Realty Corp (COR), a Carlyle-backed data center REIT with 11 facilities serving over 600 customers, plans to raise $270 million by offering 16.9 million shares at a price range of $15-$17. At the mid-point of the proposed range, CoreSite Realty will command a market value of $734 million. CoreSite Realty, which was founded in 2000, booked $29 million in sales last year. The Denver, CO-based company plans to list on the NYSE under the symbol COR. Citi, BofA Merrill Lynch and RBC Capital Markets are the lead underwriters on the deal.
SciQuest (SQI), which provides an on-demand procurement and supplier management software platform, plans to raise $63 million by offering 6 million shares at a price range of $9.50-$11.50. At the mid-point of the proposed range, SciQuest will command a market value of $221 million. SciQuest, which was founded in 1995, booked $39 million in sales for the 12 months ended June 30. The Cary, NC-based company plans to list on the NASDAQ under the symbol SQI. Stifel Nicolaus Weisel is the lead underwriter on the deal.
Last week, there was 1 IPO pricing. SouFun Holdings Limited (SFUN), which operates the leading ad-supported real estate website in China, ended up 73% from its IPO price.
