The following
IPOs are expected to price this week
:
Cancer Genetics
(
CGIX
), which offers personalized genomic tests to improve the
diagnosis and treatment of cancer, plans to raise $48 million by
offering 4.0 million shares at a price range of $11.00 to $13.00.
At the midpoint of the proposed range, Cancer Genetics would
command a market value of $112 million. Cancer Genetics, which
was founded in 1999, booked $3 million in sales over the last 12
months. The Rutherford, NJ-based company plans to list on the
NASDAQ under the symbol CGIX. William Blair and Baird are the
joint bookrunners on the deal.
Facebook
(
FB
), which operates the world's leading social networking platform,
plans to raise $10.6 billion by offering 337.4 million shares at
a price range of $28.00 to $35.00. At the midpoint of the
proposed range, Facebook would command a market value of $86.2
billion. Facebook, which was founded in 2004, booked $4.0 billion
in sales over the last 12 months. The Menlo Park, CA-based
company plans to list on the NASDAQ under the symbol FB. Morgan
Stanley, J.P. Morgan, Goldman Sachs and BofA Merrill Lynch are
the joint bookrunners on the deal.
Loyalty Alliance Enterprise
(
LAEC
), a provider of mobile direct marketing and customer loyalty
solutions in China, plans to raise $36 million by offering 5.1
million ADSs at a price range of $6.00 to $8.00. At the midpoint
of the proposed range, Loyalty Alliance Enterprise would command
a market value of $105 million. Loyalty Alliance Enterprise,
which was founded in 2009, booked $31 million in sales over the
last 12 months. The Hong Kong-based company plans to list on the
NASDAQ under the symbol LAEC. Macquarie Capital and Needham &
Co. are the joint bookrunners on the deal. Please note: Cut price
on 5/11/12. Previous terms (4/24/12): 5.1mm ADSs at $12-$14.
Renaissance Capital will have
Pre-IPO Research
available on each of these upcoming IPOs prior to its pricing.
Last week, there were 5
IPO pricings
. Ignite Restaurant Group (
IRG
), which operates the Joe's Crab Shack and Brick House Tavern +
Tap restaurant brands, was the week's winner, ending up 22% from
its IPO price.