2 US IPOs planned for the week of Nov 19

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The following IPOs are expected to price this week :

Alon USA Partners ( ALDW ), 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.

YY Inc. ( YY ), 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 Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.

Last week, there was one IPO pricing . Ruckus Wireless ( RKUS ), which provides carrier-class Wi-Fi systems to mid-tier enterprises and telecoms ended down -18% from its IPO price.

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



This article appears in: News Headlines , IPOs
More Headlines for: ALDW , RKUS , YY


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