The following
IPOs are expected to price this week
:
AmREIT
(
AMRE
), a full service REIT that owns and operates neighborhood and
community shopping centers, plans to raise $51 million by
offering 3.4 million shares at a price range of $14.00 to $16.00.
At the midpoint of the proposed range, AmREIT would command a
market value of $231 million. AmREIT, which was founded in 1993,
booked $39 million in sales over the last 12 months. The Houston,
TX-based company plans to list on the NYSE under the symbol AMRE.
Jefferies & Co. and Baird are the joint bookrunners on the
deal.
Avast Software
(
AVST
), which provides the world's most widely used consumer security
software, plans to raise $90 million by offering 9.0 million
shares at a price range of $9.00 to $11.00. At the midpoint of
the proposed range, Avast Software would command a market value
of $846 million. Avast Software, which was founded in 1988,
booked $91 million in sales over the last 12 months. The
Prague-based company plans to list on the NASDAQ under the symbol
AVST. UBS Investment Bank, Deutsche Bank Securities and Jefferies
& Co. are the joint bookrunners on the deal.
Chuy's Holdings
(
CHUY
), a mexican restaurant chain with 36 locations in Texas and the
Midwestern US, plans to raise $70 million by offering 5.8 million
shares at a price range of $11.00 to $13.00. At the midpoint of
the proposed range, Chuy's Holdings would command a market value
of $188 million. Chuy's Holdings, which was founded in 1982,
booked $139 million in sales over the last 12 months. The Austin,
TX-based company plans to list on the NASDAQ under the symbol
CHUY. Jefferies & Co. and Baird are the joint bookrunners on
the deal.
Del Frisco's Restaurant Group
(
DFRG
), a high-end steakhouse operator with 32 restaurants in 18
states, plans to raise $105 million by offering 7.0 million
shares at a price range of $14.00 to $16.00. At the midpoint of
the proposed range, Del Frisco's Restaurant Group would command a
market value of $335 million. Del Frisco's Restaurant Group,
which was founded in 1982, booked $212 million in sales over the
last 12 months. The Southlake, TX-based company plans to list on
the NASDAQ under the symbol DFRG. Deutsche Bank Securities, Piper
Jaffray and Wells Fargo Securities are the joint bookrunners on
the deal.
E2open
(
EOPN
), which provides on-demand supply chain management software to
large enterprises, plans to raise $75 million by offering 4.7
million shares at a price range of $15.00 to $17.00. At the
midpoint of the proposed range, E2open would command a market
value of $437 million. E2open, which was founded in 2000, booked
$64 million in sales over the last 12 months. The Foster City,
CA-based company plans to list on the NASDAQ under the symbol
EOPN. is the lead bookrunner on the deal.
Hyperion Therapeutics
(HPTX), a focused on the treatment of urea cycle disorders and
hepatic encephalopathy, plans to raise $50 million by offering
4.2 million shares at a price range of $11.00 to $13.00. At the
midpoint of the proposed range, Hyperion Therapeutics would
command a market value of $187 million. Hyperion Therapeutics,
which was founded in 2006, booked $0 million in sales over the
last 12 months. The South San Francisco, CA-based company plans
to list on the NASDAQ under the symbol HPTX. Leerink Swann and
Cowen & Company are the joint bookrunners on the deal.
Natural Grocers by Vitamin Cottage
(NGVC), a western retailer of natural and organic groceries and
dietary supplements, plans to raise $100 million by offering 7.1
million shares at a price range of $13.00 to $15.00. At the
midpoint of the proposed range, Natural Grocers by Vitamin
Cottage would command a market value of $305 million. Natural
Grocers by Vitamin Cottage, which was founded in 1955, booked
$297 million in sales over the last 12 months. The Lakewood,
CO-based company plans to list on the NYSE under the symbol NGVC.
Suntrust Robinson Humphrey and Piper Jaffray are the joint
bookrunners on the deal.
Northern Tier Energy
(NTI), a independent oil refiner and retailer in the PADD II
region of the US, plans to raise $325 million by offering 16.3
million shares at a price range of $19.00 to $21.00. At the
midpoint of the proposed range, Northern Tier Energy would
command a market value of $1.8 billion. Northern Tier Energy,
which was founded in 2010, booked $4.3 billion in sales over the
last 12 months. The Ridgefield, CT-based company plans to list on
the NYSE under the symbol NTI. Goldman Sachs, Barclays, BofA
Merrill Lynch and Credit Suisse 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
. Five Below (FIVE), a pre-teen to teen-focused retailer that
offers all of its products at $5 or below, was the week's winner,
ending up 60% from its IPO price.