The following
IPOs are expected to price this week
:
Capital Bank Financial
(
CBF
), a southeastern US bank recently formed through six
acquisitions, plans to raise $250 million by offering 11.4
million shares at a price range of $21.00 to $23.00. At the
midpoint of the proposed range, Capital Bank Financial would
command a market value of $1.2 billion. Capital Bank Financial,
which was founded in 2009, booked $301 million in sales over the
last 12 months. The Coral Gables, FL-based company plans to list
on the NASDAQ under the symbol CBF. Credit Suisse, BofA Merrill
Lynch, Goldman Sachs and Barclays are the joint bookrunners on
the deal.
GlobeImmune
(
GBIM
), which is developing therapeutic drugs for pancreatic cancer
and hepatitis B and C, plans to raise $60 million by offering 5.0
million shares at a price range of $11.00 to $13.00. At the
midpoint of the proposed range, GlobeImmune would command a
market value of $207 million. GlobeImmune, which was founded in
1995, booked $9 million in sales over the last 12 months. The
Louisville, CO-based company plans to list on the NASDAQ under
the symbol GBIM. Wells Fargo Securities and Piper Jaffray are the
joint bookrunners on the deal.
National Bank Holdings
(
NBHC
), which operates 101 full-service banking centers primarily in
Kansas City and Colorado, plans to raise $150 million by offering
7.2 million shares at a price range of $20.00 to $22.00. At the
midpoint of the proposed range, National Bank Holdings would
command a market value of $1.1 billion. National Bank Holdings,
which was founded in 2009, booked $234 million in sales over the
last 12 months. The Boston, MA-based company plans to list on the
NYSE under the symbol NBHC. Goldman Sachs and Keefe Bruyette
Woods are the joint bookrunners on the deal.
Smith Electric Vehicles
(
SMTH
), which manufactures commercial electric trucks in the US and
Europe, plans to raise $76 million by offering 4.5 million shares
at a price range of $16.00 to $18.00. At the midpoint of the
proposed range, Smith Electric Vehicles would command a market
value of $423 million. Smith Electric Vehicles, which was founded
in 2009, booked $29 million in sales over the last 12 months. The
Kansas City, MO-based company plans to list on the NASDAQ under
the symbol SMTH. UBS Investment Bank, Deutsche Bank, Barclays and
CRT Capital Group are the joint bookrunners on the deal.
Spirit Realty Capital
(
SRC
), a REIT providing net-leases on primarily stand-alone retail
and restaurant properties, plans to raise $460 million by
offering 27.1 million shares at a price range of $16.00 to
$18.00. At the midpoint of the proposed range, Spirit Realty
Capital would command a market value of $1.3 billion. Spirit
Realty Capital, which was founded in 2003, booked $280 million in
sales over the last 12 months. The Scottsdale, AZ-based company
plans to list on the NYSE under the symbol SRC. Morgan Stanley,
Macquarie Capital, UBS Investment Bank and Deutsche Bank are the
joint bookrunners on the deal.
Susser Petroleum Partners LP
(SUSP), a wholesale distributor of motor fuels, plans to raise
$190 million by offering 9.5 million shares at a price range of
$19.00 to $21.00. At the midpoint of the proposed range, Susser
Petroleum Partners LP would command a market value of $438
million. Susser Petroleum Partners LP, which was founded in 2012,
booked $4.1 billion in sales over the last 12 months. The
Houston, TX-based company plans to list on the NYSE under the
symbol SUSP. BofA Merrill Lynch, Barclays, Wells Fargo Securities
and UBS Investment Bank are the joint bookrunners on the deal.
Trulia
(TRLA), an online residential real estate marketplace with 22
million monthly unique visitors, plans to raise $90 million by
offering 6.0 million shares at a price range of $14.00 to $16.00.
At the midpoint of the proposed range, Trulia would command a
market value of $432 million. Trulia, which was founded in 2005,
booked $51 million in sales over the last 12 months. The San
Francisco, CA-based company plans to list on the NYSE under the
symbol TRLA. J.P. Morgan and Deutsche Bank 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.