Seven IPOs are expected to price their offerings next week. Renaissance Capital will have Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.
Apollo Residential Mortgage (AMTG), a apollo-managed REIT recently formed to invest in residential mortgage assets, plans to raise $200 million by offering 10,000,000 shares at a price range of $20.00 to $20.00. At the mid-point of the proposed range, Apollo Residential Mortgage will command a market value of $205.40 million. Apollo Residential Mortgage, which was founded in 1990, booked $0 million in sales over the last 12 months. The New York, NY-based company plans to list on the NYSE under the symbol AMTG. Morgan Stanley, Credit Suisse, and J.P. Morgan are the lead underwriters on the deal.
Francesca's Holdings (FRAN), a affordable boutique offering women's apparel and jewelry with 249 locations in 38 states, plans to raise $150 million by offering 10,000,000 shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Francesca's Holdings will command a market value of $681.12 million. Francesca's Holdings, which was founded in 1999, booked $151 million in sales over the last 12 months. The Houston, TX-based company plans to list on the NASDAQ under the symbol FRAN. Goldman, Sachs & Co., J.P. Morgan, and Jefferies & Co. are the lead underwriters on the deal.
Orchid Island Capital, Inc. (ORC), a specialty finance company that invests in residential mortgage-backed securities, plans to raise $83 million by offering 7,500,000 shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range, Orchid Island Capital, Inc. will command a market value of $143.70 million. Orchid Island Capital, Inc., which was founded in 2010, booked $0 million in sales over the last 12 months. The Vero Beach, FL-based company plans to list on the NYSE under the symbol ORC. Barclays Capital, JMP Securities are the lead underwriters on the deal.
Skullcandy (SKUL), which sells fashion-forward headphones and related accessories in 70 countries, plans to raise $150 million by offering 8,333,334 shares at a price range of $17.00 to $19.00. At the mid-point of the proposed range, Skullcandy will command a market value of $514.38 million. Skullcandy, which was founded in 2003, booked $175 million in sales over the last 12 months. The Park City, UT-based company plans to list on the NASDAQ under the symbol SKUL. BofA Merrill Lynch, Morgan Stanley are the lead underwriters on the deal.
SunCoke Energy (SXC), a largest independent producer of high-quality metallurgical coke in the Americas, plans to raise $186 million by offering 11,600,000 shares at a price range of $15.00 to $17.00. At the mid-point of the proposed range, SunCoke Energy will command a market value of $1,120.00 million. SunCoke Energy, which was founded in 1962, booked $533 million in sales over the last 12 months. The Lisle, IL-based company plans to list on the NYSE under the symbol SXC. Credit Suisse, BofA Merrill Lynch, and Goldman, Sachs & Co. are the lead underwriters on the deal.
Xunlei Limited (XNET), which offers accelerated download software and online video services in China, plans to raise $114 million by offering 7,600,000 shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Xunlei Limited will command a market value of $1,001.11 million. Xunlei Limited, which was founded in 2003, booked $47 million in sales over the last 12 months. The Shenzhen ,China-based company plans to list on the NASDAQ under the symbol XNET. J.P. Morgan, Deutsche Bank Securities are the lead underwriters on the deal.
Zillow, Inc. (Z), which operates leading online real estate marketplace in the US, plans to raise $45 million by offering 3,462,000 shares at a price range of $12.00 to $14.00. At the mid-point of the proposed range, Zillow, Inc. will command a market value of $400.82 million. Zillow, Inc., which was founded in 2004, booked $36 million in sales over the last 12 months. The Seattle, WA-based company plans to list on the NASDAQ under the symbol Z. Citi are the lead underwriters on the deal.
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