The following IPOs are expected to price this week:
Bona Film Group Limited (BONA), a leading distributor of domestic films in China, plans to raise $94 million by offering 11.7 million ADSs at a price range of $7-$9. At the mid-point of the proposed range, Bona Film Group will command a market value of $483 million. Bona Film Group, which was founded in 2003, booked $58 million in sales over the last 12 months. The Beijing-based company plans to list on the NASDAQ under the symbol BONA. BofA Merrill Lynch and J.P. Morgan are the lead underwriters on the deal.
China Shengda Packaging Group (CPGI), one of the largest paper packaging manufacturers in China, plans to raise $51 million by offering 10.1 million shares at a price range of $4.50-$5.50. At the mid-point of the proposed range, China Shengda Packaging will command a market value of $207 million. China Shengda Packaging, which was founded in 2004, booked $117 million in sales over the last 12 months. The Zhejiang Province-based company plans to list on the NASDAQ under the symbol CPGI. Oppenheimer & Co. and William Blair are the lead underwriters on the deal.
CTPartners Executive Search (CTP), an executive search firm with 21 offices in 13 countries, plans to raise $30 million by offering 2.3 million shares at a price range of $12-$14. At the mid-point of the proposed range, CTPartners Executive Search will command a market value of $89 million. CTPartners Executive Search, which was founded in 1980, booked $103 million in sales over the last 12 months. The New York, NY-based company plans to list on the NYSE under the symbol CTP. William Blair and C.L. King & Associates are the lead underwriters on the deal.
E-Commerce China Dangdang (DANG), China's largest online book retailer and e-commerce platform, plans to raise $204 million by offering 17 million ADSs at a price range of $11-$13. At the mid-point of the proposed range, E-Commerce China Dangdang will command a market value of $994 million. E-Commerce China Dangdang, which was founded in 1999, booked $218 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol DANG. Credit Suisse and Morgan Stanley are the lead underwriters on the deal.
First Republic Bank (FRC), a California-based bank focused on high net worth individuals in metropolitan areas, plans to raise $281 million by offering 11 million shares at a price range of $24-$27. At the mid-point of the proposed range, First Republic Bank will command a market value of $3.4 billion. First Republic Bank, which was founded in 1985, booked $1.3 billion in interest and non-interest income over the last 12 months. The San Francisco, CA-based company plans to list on the NYSE under the symbol FRC. BofA Merrill Lynch, Morgan Stanley and J.P. Morgan are the lead underwriters on the deal.
Lentuo International (LAS), an automobile retailer in Beijing with six dealerships, plans to raise $94 million by offering 7.5 million ADSs at a price range of $11.50-$13.50. At the mid-point of the proposed range, Lentuo International will command a market value of $381 million. Lentuo International, which was founded in 1994, booked $345 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol LAS. Cowen & Company and HSBC Corporation are the lead underwriters on the deal.
SemiLEDs Corporation (LEDS), which manufactures LED chips and components used in general lighting applications, plans to raise $81 million by offering 5.3 million shares at a price range of $14.50-$16.50. At the mid-point of the proposed range, SemiLEDs Corporation will command a market value of $416 million. SemiLEDs Corporation, which was founded in 2005, booked $29 million in sales over the last 12 months. The Taiwan-based company plans to list on the NASDAQ under the symbol LEDS. BofA Merrill Lynch, Barclays Capital and Jefferies & Co. are the lead underwriters on the deal.
Sky-mobi Limited (MOBI), a Sequoia-backed operator of China’s largest mobile application store, plans to raise $65 million by offering 7.3 million ADSs at a price range of $8-$10. At the mid-point of the proposed range, Sky-mobi Limited will command a market value of $299 million. Sky-mobi Limited, which was founded in 2005, booked $81 million in sales over the last 12 months. The Zhejiang-based company plans to list on the NASDAQ under the symbol MOBI. Citi is the lead underwriter on the deal.
Targa Resources Corp. (TRGP), which holds GP and LP interests in NGLS, a publicly-traded midstream natural gas LP, plans to raise $275 million by offering 13.8 million shares at a price range of $19-$21. At the mid-point of the proposed range, Targa Resources will command a market value of $846 million. Targa Resources, which was founded in 2006, booked $5.2 billion in sales over the last 12 months. The Houston, TX-based company plans to list on the NYSE under the symbol TRGP. Barclays Capital, Morgan Stanley and BofA Merrill Lynch are the lead underwriters on the deal.
Youku.com (YOKU), which operates China's leading internet television/online video portal, plans to raise $146 million by offering 15.4 million ADSs at a price range of $9-$11. At the mid-point of the proposed range, Youku.com will command a market value of $1.1 billion. Youku.com, which was founded in 2005, booked $23 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol YOKU. Goldman Sachs (Asia) L.L.C. is the lead underwriter on the deal.
Last week, there was 1 IPO pricings. FXCM (FXCM), which offers online currency trading brokerage to over 175,000 mostly retail customers, ended up 7% from its IPO price.
