5 US IPOs planned for the week of Oct 21

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The following IPOs are expected to price this week :

Aerie Pharmaceuticals ( AERI ), a clinical-stage biotech developing treatments for glaucoma, plans to raise $68 million by offering 5.3 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Aerie Pharmaceuticals would command a market value of $264 million. Aerie Pharmaceuticals, which was founded in 2005, booked $0 million in sales over the last 12 months. The Bedminster, NJ-based company plans to list on the NASDAQ under the symbol AERI. RBC Capital Markets and Stifel are the joint bookrunners on the deal.

CommScope ( COMM ), which provides connectivity solutions for wireless, enterprise and broadband networks, plans to raise $750 million by offering 38.5 million shares at a price range of $18.00 to $21.00. At the midpoint of the proposed range, CommScope would command a market value of $3.8 billion. CommScope, which was founded in 1976, booked $3.5 billion in sales over the last 12 months. The Hickory, NC-based company plans to list on the NASDAQ under the symbol COMM. J.P. Morgan, Deutsche Bank, BofA Merrill Lynch and Barclays are the joint bookrunners on the deal.

Endurance International Group Holdings ( EIGI ), which provides web hosting, domain services and other cloud solutions to SMBs, plans to raise $351 million by offering 23.4 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Endurance International Group Holdings would command a market value of $1.9 billion. Endurance International Group Holdings, which was founded in 1997, booked $451 million in sales over the last 12 months. The Burlington, MA-based company plans to list on the NASDAQ under the symbol EIGI. Goldman Sachs, Credit Suisse and Morgan Stanley are the joint bookrunners on the deal.

Global Defense & National Security Systems ( GDEF ), a blank check company focused on acquiring businesses in the government defense and security space, plans to raise $60 million by offering 6.0 million shares at a price of $10. Global Defense & National Security Systems will command a market value of $83 million. Global Defense & National Security Systems was founded in 2013. The Reston, VA-based company plans to list on the NASDAQ under the symbol GDEF. Cowen & Company is the lead bookrunner on the deal.

Sprague Resources LP ( SRLP ), an LP that purchases, stores, distributes and sells refined petroleum products, plans to raise $170 million by offering 8.5 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Sprague Resources LP would command a market value of $403 million. Sprague Resources LP, which was founded in 1870, booked $4.5 billion in sales over the last 12 months. The Portsmouth, NH-based company plans to list on the NYSE under the symbol SRLP. Barclays, J.P. Morgan and BofA Merrill Lynch 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 were 4 IPO pricings . Veeva Systems (VEEV), which provides cloud-based software solutions for the life sciences industry, was the week's winner, ending up 122% 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: AERI , COMM , EIGI , GDEF , SRLP

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