2 US IPOs planned for the week of Feb 24

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The following IPOs are expected to price this week :

Lumenis ( LMNS ), which sells laser-based systems used in surgical, ophthalmic and aesthetic procedures, plans to raise $100 million by offering 6.3 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Lumenis would command a market value of $597 million. Lumenis, which was founded in 1991, booked $265 million in sales over the last 12 months. The Yokneam, Israel-based company plans to list on the NASDAQ under the symbol LMNS. Goldman Sachs, Credit Suisse and Jefferies & Co. are the joint bookrunners on the deal.

Varonis Systems ( VRNS ), which provides software that controls human-generated unstructured data, plans to raise $86 million by offering 4.8 million shares at a price range of $17.00 to $19.00. At the midpoint of the proposed range, Varonis Systems would command a market value of $476 million. Varonis Systems, which was founded in 2004, booked $75 million in sales over the last 12 months. The New York, NY-based company plans to list on the NASDAQ under the symbol VRNS. Morgan Stanley, Barclays, Jefferies & Co. and RBC Capital Markets are the joint bookrunners on the deal.

Renaissance Capital will have Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: News Headlines , IPOs

Referenced Stocks: LMNS , VRNS

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