The following IPOs are expected to price this week:
Costamare (CMRE), a Greek owner of 41 containerships, plans to raise $213 million by offering 13.3 million shares at a price range of $15-$17. At the mid-point of the proposed range, Costamare will command a market value of $965 million. Costamare, which was founded in 1975, booked $371 million in sales over the last 12 months. The Athens-based company plans to list on the NYSE under the symbol CMRE. Morgan Stanley and BofA Merrill Lynch are the lead underwriters on the deal.
Primo Water (PRMW), which sells water dispensers and multi-gallon refill bottles at over 7,000 retail locations, plans to raise $100 million by offering 8.3 million shares at a price range of $11-$13. At the mid-point of the proposed range, Primo Water will command a market value of $228 million. Primo Water, which was founded in 2004, booked $47 million in sales over the last 12 months. The Winston-Salem, NC-based company plans to list on the NASDAQ under the symbol PRMW. Stifel Nicolaus Weisel and BB&T Capital Markets are the lead underwriters on the deal.
SinoTech Energy Limited (CTE), a Chinese provider of enhanced oil recovery services, plans to raise $168 million by offering 19.7 million shares at a price range of $7.50-$9.50. At the mid-point of the proposed range, SinoTech Energy will command a market value of $559.21 million. SinoTech Energy, which was founded in 2004, booked $38 million in sales over the last 12 months. The Beijing-based company plans to list on the NASDAQ under the symbol CTE. UBS Investment Bank is the lead underwriter on the deal.
SodaStream International (SODA), which manufactures home carbonation systems, CO2 cartridges and flavorings, plans to raise $90 million by offering 4.7 million shares at a price range of $18-$20. At the mid-point of the proposed range, SodaStream International will command a market value of $354 million. SodaStream International, which was founded in 1991, booked $144 million in sales over the last 12 months. The Airport City, Israel-based company plans to list on the NASDAQ under the symbol SODA. J.P. Morgan and Deutsche Bank Securities are the lead underwriters on the deal.
The Fresh Market (TFM), a high-growth perishable food retailer with 100 stores in 20 states, plans to raise $250 million by offering 13.2 million shares at a price range of $18-$20. At the mid-point of the proposed range, The Fresh Market will command a market value of $912 million. The Fresh Market, which was founded in 1981, booked $862 million in sales over the last 12 months. The Greensboro, NC-based company plans to list on the NASDAQ under the symbol TFM. BofA Merrill Lynch, J.P. Morgan and Goldman, Sachs & Co. are the lead underwriters on the deal.
Xueda Education Group (XUE), China's leading provider of 1-on-1 tutoring for primary and secondary students, plans to raise $111 million by offering 13.4 million shares at a price range of $7.25-$9.25. At the mid-point of the proposed range, Xueda Education will command a market value of $586 million. Xueda Education, which was founded in 2001, booked $116 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol XUE. Goldman Sachs (Asia) L.L.C. is the lead underwriter on the deal.
Last week, there were 5 IPO pricings. Mecox Lane Limited (MCOX), China's largest e-commerce platform for apparel and accessories, was the week's winner, ending up 48% from its IPO price.
