6 US IPOs planned for the week of Feb 27

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The following IPOs are expected to price this week :

Andina Acquisition Corp. (ANDAU), a blank check company focused on acquiring businesses in Colombia, plans to raise $50 million by offering 5 million shares $10.00. At the midpoint of the proposed range, Andina Acquisition Corp. would command a market value of $63 million. The Bogota, Colombia-based company plans to list on the NASDAQ under the symbol ANDAU. EarlyBird Capital is the lead underwriter on the deal.

Argos Therapeutics ( ARGS ), which is developing personalized immunotherapies for metastatic renal cancer and HIV, plans to raise $74 million by offering 5.3 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Argos Therapeutics would command a market value of $230 million. Argos Therapeutics, which was founded in 1997, booked $8 million in sales over the last 12 months. The Durham, NC-based company plans to list on the NASDAQ under the symbol ARGS. Lazard Capital Markets and Canaccord Genuity are the lead underwriters on the deal.

GCT Semiconductor ( GCTS ), a fabless supplier of 4G LTE and WiMAX wireless chips, plans to raise $60 million by offering 7.5 million shares at a price range of $7.00 to $9.00. At the midpoint of the proposed range, GCT Semiconductor would command a market value of $324 million. GCT Semiconductor, which was founded in 1998, booked $87 million in sales over the last 12 months. The San Jose, CA-based company plans to list on the NASDAQ under the symbol GCTS. BofA Merrill Lynch is the lead underwriter on the deal.

Home Loan Servicing Solutions ( HLSS ), recently formed to acquire Ocwen Financial's mortgage servicing business, plans to raise $200 million by offering 13 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Home Loan Servicing Solutions would command a market value of $210 million. Home Loan Servicing Solutions, which was founded in 2010, plans to list on the NASDAQ under the symbol HLSS. Wells Fargo, Barclays Capital and Citi are the lead underwriters on the deal.

Provident Mortgage Capital Associates ( PMCA ), a Provident-managed REIT formed to acquire mortgage-related assets, plans to raise $125 million by offering 8.3 million shares at $15.00. At the midpoint of the proposed range, Provident Mortgage Capital Associates would command a market value of $130 million. Provident Mortgage Capital Associates was founded in 2011. The San Bruno, CA-based company plans to list on the NYSE under the symbol PMCA. UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal.

Yelp ( YELP ), a local business reviews website with 66 million monthly users, plans to raise $93 million by offering 7.2 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Yelp would command a market value of $848 million. Yelp, which was founded in 2004, booked $83 million in sales over the last 12 months. The San Francisco, CA-based company plans to list on the NYSE under the symbol YELP. Goldman Sachs, Citi and Jefferies are the lead underwriters 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 3 IPO pricings . Proto Labs (PRLB), which manufactures quick-turn, low-volume molded custom parts for prototyping, was the week's winner, ending up 81% 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: Investing , IPOs

Referenced Stocks: ARGS , GCTS , HLSS , PMCA , YELP

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