The following IPOs are expected to price this week:
Anacor Pharmaceuticals (ANAC), which is developing treatments for nail fungus and psoriasis using boron-based chemistry, plans to raise $80 million by offering 4.7 million shares at a price range of $16-$18. At the mid-point of the proposed range, Anacor Pharmaceuticals will command a market value of $318 million. Anacor Pharmaceuticals, which was founded in 2000, booked $15 million in sales over the last 12 months. The Palo Alto, CA-based company plans to list on the NASDAQ under the symbol ANAC. Citi and Deutsche Bank Securities are the lead underwriters on the deal.
China Xiniya Fashion (XNY), a Chinese designer and manufacturer of men's business casual apparel & accessories, plans to raise $80 million by offering 8 million ADSs at a price range of $9-$11. At the mid-point of the proposed range, China Xiniya Fashion will command a market value of $580 million. China Xiniya Fashion, which was founded in 1993, booked $100 million in sales over the last 12 months. The Jinjiang-based company plans to list on the NYSE under the symbol XNY. Cowen & Company is the lead underwriter on the deal.
SYSWIN (SYSW), which is a leading provider of real estate agency services to property developers in Beijing, plans to raise $123 million by offering 12 million ADSs at a price range of $9.25-$11.25. At the mid-point of the proposed range, SYSWIN will command a market value of $495 million. SYSWIN, which was founded in 2004, booked $65 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol SYSW. Morgan Stanley is the lead underwriter on the deal.
Zogenix (ZGNX), which recently launched Sumavel DosePro, a needle-free injectable migraine treatment, 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, Zogenix will command a market value of $315 million. Zogenix, which was founded in 2006, booked $8 million in sales over the last 12 months. The San Diego, CA-based company plans to list on the NASDAQ under the symbol ZGNX. Wells Fargo Securities and Leerink Swann are the lead underwriters on the deal.
Last week, there were 8 IPO pricings. Booz Allen Hamilton (BAH), which is the leading provider of management and IT consulting services to the US government, was the week's winner, ending up 14% from its IPO price.
