IPOs are expected to price this week
Alon USA Partners
), a limited partnership with oil refining and marketing
operations in Texas, plans to raise $200 million by offering 10
million shares at a price range of $19.00 to $21.00. At the
midpoint of the proposed range, Alon USA Partners would command a
market value of $1.3 billion. Alon USA Partners, which was
founded in 2012, booked $3.5 billion in sales over the last 12
months. The Dallas, TX-based company plans to list on the NYSE
under the symbol ALDW. Goldman Sachs, Credit Suisse and Citi are
the joint bookrunners on the deal.
), a Chinese social platform that enables communication via
voice, text and video, plans to raise $90 million by offering 7.8
million shares at a price range of $10.50 to $12.50. At the
midpoint of the proposed range, YY Inc. would command a market
value of $664 million. YY Inc., which was founded in 2005, booked
$106 million in sales over the last 12 months. The Guangzhou,
China-based company plans to list on the NASDAQ under the symbol
YY. Morgan Stanley, Deutsche Bank and Citi are the joint
bookrunners on the deal.
Renaissance Capital will have
available on each of these upcoming IPOs prior to its pricing.
Last week, there was one
. Ruckus Wireless (
), which provides carrier-class Wi-Fi systems to mid-tier
enterprises and telecoms ended down -18% from its IPO price.