The following IPOs are expected to price this week:
Amyris Biotechnologies (AMRS), which uses genetically modified yeast to make products for specialty chemical/fuel markets, plans to raise $101 million by offering 5.3 million shares at a price range of $18-$20. At the mid-point of the proposed range, Amyris Biotechnologies will command a market value of $870 million. Amyris Biotechnologies, which was founded in 2003, booked $68 million in sales for the 12 months ended June 30. The Emeryville, CA-based company plans to list on the NASDAQ under the symbol AMRS. Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan are the lead underwriters on the deal.
Campus Crest Communities (CCG), a vertically-integrated REIT focused on high-quality student housing properties, plans to raise $383 million by offering 28.3 million shares at a price range of $12.50-$14.50. At the mid-point of the proposed range, Campus Crest Communities will command a market value of $401 million. Campus Crest Communities, which was founded in 2004, booked $107 million in sales for the 12 months ended June 30. The Charlotte, NC-based company plans to list on the NYSE under the symbol CCG. Raymond James, Citi and Goldman, Sachs & Co. are the lead underwriters on the deal.
China Ming Yang Wind Power (MY), the largest non-state controlled wind turbine manufacturer in China, plans to raise $375 million by offering 25 million shares at a price range of $14-$16. At the mid-point of the proposed range, China Ming Yang Wind Power will command a market value of $1.9 billion. China Ming Yang Wind Power, which was founded in 2006, booked $173 million in sales last year. The Guangdong-based company plans to list on the NYSE under the symbol MY. Morgan Stanley, Credit Suisse and BofA Merrill Lynch are the lead underwriters on the deal.
ChinaCache International (CCIH), China's leading provider of Internet content and application delivery services, plans to raise $61 million by offering 5.5 million shares at a price range of $10-$12. At the mid-point of the proposed range, ChinaCache International will command a market value of $259 million. ChinaCache International, which was founded in 1998, booked $40 million in sales last year. The Beijing-based company plans to list on the NASDAQ under the symbol CCIH. BofA Merrill Lynch and Deutsche Bank Securities are the lead underwriters on the deal.
Country Style Cooking Restaurant Chain (CCSC), a fast food restaurant in China with 101 locations, plans to raise $75 million by offering 5 million shares at a price range of $12-$14. At the mid-point of the proposed range, Country Style Cooking Restaurant Chain will command a market value of $385 million. Country Style Cooking Restaurant Chain, which was founded in 2007, booked $73 million in sales last year. The Chongqing-based company plans to list on the NYSE under the symbol CCSC. BofA Merrill Lynch and Credit Suisse are the lead underwriters on the deal.
Elster Group SE (ELT), which is a leading global provider of gas, electricity and water meters, plans to raise $275 million by offering 16.2 million shares at a price range of $16-$18. At the mid-point of the proposed range, Elster Group SE will command a market value of $1.7 billion. Elster Group SE, which was founded in 1836, booked $1.7 billion in sales for the 12 months ended June 30. The Essen, Germany-based company plans to list on the NYSE under the symbol ELT. Deutsche Bank Securities and Goldman, Sachs & Co., and J.P. Morgan are the lead underwriters on the deal.
KEYW Holding (KEYW), a defense contractor roll-up that provides cyber intelligence services and products, plans to raise $100 million by offering 9.1 million shares at a price range of $10-$12. At the mid-point of the proposed range, KEYW Holding will command a market value of $297 million. KEYW Holding, which was founded in 2008, booked $72 million in sales for the 12 months ended June 30. The Hanover, MD-based company plans to list on the NASDAQ under the symbol KEYW. Suntrust Robinson Humphrey is the lead underwriter on the deal.
Liberty Mutual Agency Corp. (LMAC), the tenth largest US underwriter of property and casualty insurance, plans to raise $1.2 billion by offering 64 million shares at a price range of $18-$20. At the mid-point of the proposed range, Liberty Mutual Agency Corp. will command a market value of $6.8 billion. Liberty Mutual Agency Corp., which was founded in 1912, booked $11.3 billion in sales for the 12 months ended June 30. The Boston, MA-based company plans to list on the NASDAQ under the symbol LMAC. Citi and BofA Merrill Lynch are the lead underwriters on the deal.
Rhino Resource Partners L.P. (RNO), which operates thirteen coal mines located in Kentucky, Ohio, Colorado and West Virginia, plans to raise $65 million by offering 3.75 million at a price range of $19-$21. At the mid-point of the proposed range, Rhino Resource Partners L.P. will command a market value of $496 million. Rhino Resource Partners L.P., which was founded in 2003, booked $370 million in sales last year. The Lexington, KY-based company plans to list on the NYSE under the symbol RNO. Raymond James, RBC Capital Markets and Stifel Nicolaus Weisel are the lead underwriters on the deal.
Last week, there were 2 IPO pricings. SciQuest (SQI), which provides an on-demand procurement and supplier management software platform, was the week's winner, ending up 29% from its IPO price.
