The following
IPOs are expected to price this week
:
CVR Refining, LP
(
CVRR
), a limited partnership with petroleum refining operations in
Kansas and Oklahoma, plans to raise $500 million by offering 20.0
million shares at a price range of $24.00 to $26.00. At the
midpoint of the proposed range, CVR Refining, LP would command a
market value of $3.7 billion. CVR Refining, LP, which was founded
in 2012, booked $6.5 billion in sales over the last 12 months.
The Sugar Land, TX-based company plans to list on the NYSE under
the symbol CVRR. Credit Suisse, Citi, Barclays and UBS Investment
Bank are the joint bookrunners on the deal.
CyrusOne
(
CONE
), a data center REIT carve-out from Cincinnati Bell, plans to
raise $281 million by offering 16.5 million shares at a price
range of $16.00 to $18.00. At the midpoint of the proposed range,
CyrusOne would command a market value of $1.1 billion. CyrusOne,
which was founded in 2000, booked $211 million in sales over the
last 12 months. The Carrollton, TX-based company plans to list on
the NASDAQ under the symbol CONE. Morgan Stanley, BofA Merrill
Lynch, Deutsche Bank and Barclays are the joint bookrunners on
the deal.
Norwegian Cruise Line
(
NCLH
), the third largest cruise line operator in North America with
11% share, plans to raise $400 million by offering 23.5 million
shares at a price range of $16.00 to $18.00. At the midpoint of
the proposed range, Norwegian Cruise Line would command a market
value of $3.5 billion. Norwegian Cruise Line, which was founded
in 1966, booked $2.3 billion in sales over the last 12 months.
The Miami, FL-based company plans to list on the NASDAQ under the
symbol NCLH. UBS Investment Bank and Barclays are the joint
bookrunners on the deal.
SunCoke Energy Partners LP
(
SXCP
), a producer of high-quality metallurgical coke used in
steelmaking, plans to raise $270 million by offering 13.5 million
shares at a price range of $19.00 to $21.00. At the midpoint of
the proposed range, SunCoke Energy Partners LP would command a
market value of $641 million. SunCoke Energy Partners, which was
founded in 2012, booked $694 million in sales over the last 12
months. The Lisle, IL-based company plans to list on the NYSE
under the symbol SXCP. Barclays, BofA Merrill Lynch, Citi and
Credit Suisse are the joint bookrunners on the deal.
USA Compression Partners, LP
(
USAC
), a limited partnership providing natural gas compression
services in the U.S, plans to raise $200 million by offering 10.0
million shares at a price range of $19.00 to $21.00. At the
midpoint of the proposed range, USA Compression Partners, LP
would command a market value of $573 million. USA Compression
Partners, LP, which was founded in 1998, booked $87 million in
sales over the last 12 months. The Austin, TX-based company plans
to list on the NYSE under the symbol USAC. Barclays, Goldman
Sachs, J.P. Morgan and Wells Fargo Securities 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.