The following IPOs are expected to price this week:
Complete Genomics (GNOM), which offers outsourced DNA sequencing services to academic/biopharma customers, plans to raise $78 million by offering 6 million shares at a price range of $12-$14. At the mid-point of the proposed range, Complete Genomics will command a market value of $390 million. Complete Genomics, which was founded in 2005, booked $2 million in sales over the last 12 months. The Mountain View, CA-based company plans to list on the NASDAQ under the symbol GNOM. UBS Investment Bank and Jefferies & Co. are the lead underwriters on the deal.
Ikaria (IKAR), which offers a nitric oxide-based system that treats respiratory disease in infants, plans to raise $160 million by offering 10 million shares at a price range of $15-$17. At the mid-point of the proposed range, Ikaria will command a market value of $711 million. Ikaria, which was founded in 2006, booked $275 million in sales over the last 12 months. The Clinton, NJ-based company plans to list on the NASDAQ under the symbol IKAR. Goldman, Sachs & Co., Morgan Stanley and Credit Suisse are the lead underwriters on the deal.
Inphi Corporation (IPHI), a fabless provider of analog chips for communications and computing markets, plans to raise $75 million by offering 6.8 million shares at a price range of $10-$12. At the mid-point of the proposed range, Inphi Corporation will command a market value of $313 million. Inphi Corporation, which was founded in 2000, booked $79 million in sales over the last 12 months. The Santa Clara, CA-based company plans to list on the NYSE under the symbol IPHI. Morgan Stanley, Deutsche Bank Securities and Jefferies & Co. are the lead underwriters on the deal.
Lizhan Environmental Corporation (LZEN), which sells synthetic leather to furniture, automotive upholstery and garment manufacturers, plans to raise $10 million by offering 2.9 million shares at a price range of $3-$4. At the mid-point of the proposed range, Lizhan Environmental will command a market value of $71 million. Lizhan Environmental, which was founded in 2005, booked $40 million in sales over the last 12 months. The Zhejiang Province-based company plans to list on the NYSE under the symbol LZEN. Maxim Group LLC is the lead underwriter on the deal.
Noah Holdings (NOAH), a Sequoia-backed provider of private wealth management products in China, plans to raise $84 million by offering 8.4 million ADSs at a price range of $9-$11. At the mid-point of the proposed range, Noah Holdings will command a market value of $560 million. Noah Holdings, which was founded in 2005, booked $22 million in sales over the last 12 months. The Shanghai-based company plans to list on the NYSE under the symbol NOAH. J.P. Morgan and BofA Merrill Lynch are the lead underwriters on the deal.
RDA Microelectronics (RDA), a China-focused fabless designer of RF and mixed-signal chips for mobile handsets, plans to raise $71 million by offering 7.5 million ADSs at a price range of $8.50-$10.50. At the mid-point of the proposed range, RDA Microelectronics will command a market value of $436 million. RDA Microelectronics, which was founded in 2004, booked $149 million in sales over the last 12 months. The Shanghai-based company plans to list on the NASDAQ under the symbol RDA. Morgan Stanley and Credit Suisse are the lead underwriters on the deal.
Richmond Honan Medical Properties (MOB), a healthcare REIT with equity interests in 29 medical office buildings in 10 states, plans to raise $273 million by offering 19.5 million shares at a price range of $13-$15. At the mid-point of the proposed range, Richmond Honan Medical Properties will command a market value of $299 million. Richmond Honan Medical Properties, which was founded in 1975, booked $38 million in sales over the last 12 months. The Atlanta, GA-based company plans to list on the NYSE under the symbol MOB. Baird, Raymond James and RBC Capital Markets are the lead underwriters on the deal.
Wave2Wave Communications (WAV), a U.S.-based telecom reseller expanding into multi-tenant 4G wireless, plans to raise $40 million by offering 8.25 million shares at a price range of $9-$11. At the mid-point of the proposed range, Wave2Wave Communications will command a market value of $119 million. Wave2Wave Communications, which was founded in 1999, booked $136 million in sales over the last 12 months. The Hackensack, NJ-based company plans to list on the NYSE under the symbol WAV. Rodman & Renshaw and Sunrise Securities Corp. are the lead underwriters on the deal. The company had previously filed to offer 8.25 million shares at $9-$11 before postponing the deal in May.
Last week, there were 5 IPO pricings. SodaStream International (SODA), which manufactures home carbonation systems, CO2 cartridges and flavorings, was the week's winner, ending up 74% from its IPO price.
