8 US IPOs planned for the week of May 12

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The following IPOs are expected to price this week :

Bankwell Financial Group ( BWFG ), a commercial bank holding company with seven offices in Connecticut, plans to raise $50 million by offering 2.2 million shares at a price range of $21.00 to $24.00. At the midpoint of the proposed range, Bankwell Financial Group would command a market value of $141 million. Bankwell Financial Group, which was founded in 2002, booked $30 million in sales over the last 12 months. The New Canaan, CT-based company plans to list on the NASDAQ under the symbol BWFG. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal.

ECM Energy Services ( ECME ), which provides oil and gas equipment rentals and related services across the US, plans to raise $20 million by offering 2.5 million shares at a price range of $7.00 to $9.00. At the midpoint of the proposed range, ECM Energy Services would command a market value of $60 million. ECM Energy Services, which was founded in 2013, booked $33 million in sales over the last 12 months. The Scottsdale, AZ-based company plans to list on the NYSE/Amex under the symbol ECME. Maxim Group is the lead bookrunner on the deal.

Jumei International Holding ( JMEI ), China's largest online beauty products retailer, plans to raise $195 million by offering 9.5 million shares at a price range of $19.50 to $21.50. At the midpoint of the proposed range, Jumei International Holding would command a market value of $3.3 billion. Jumei International Holding, which was founded in 2009, booked $483 million in sales over the last 12 months. The Beijing, China-based company plans to list on the NYSE under the symbol JMEI. Goldman Sachs (Asia), Credit Suisse, J.P. Morgan and China Renaissance are the joint bookrunners on the deal.

SD Company ( SDPI ), which manufactures and restores drill bits used for oil and natural gas mining, plans to raise $30 million by offering 5.0 million shares at a price range of $5.00 to $7.00. At the midpoint of the proposed range, SD Company would command a market value of $86 million. SD Company, which was founded in 1993, booked $12 million in sales over the last 12 months. The Vernal, UT-based company plans to list on the NYSE/Amex under the symbol SDPI. Roth Capital is the lead bookrunner on the deal.

ServisFirst Bancshares ( SFBS ), a commercial bank with 12 branches in Alabama, Florida and Tennessee, plans to raise $58 million by offering 0.6 million shares at a price range of $91.00 to $93.00. At the midpoint of the proposed range, ServisFirst Bancshares would command a market value of $793 million. ServisFirst Bancshares, which was founded in 2005, booked $127 million in sales over the last 12 months. The Birmingham, AL-based company plans to list on the NASDAQ under the symbol SFBS. Sandler O'Neill is the lead bookrunner on the deal.

Tecogen (TGEN), which sells and services commercial natural gas-powered cogeneration systems, plans to raise $11 million by offering 2.0 million shares at a price range of $4.75 to $5.75. At the midpoint of the proposed range, Tecogen would command a market value of $94 million. Tecogen, which was founded in 2000, booked $16 million in sales over the last 12 months. The Waltham, MA-based company plans to list on the NASDAQ under the symbol TGEN. Scarsdale Equities is the lead bookrunner on the deal.

TrueCar (TRUE), an online platform allowing consumers to get guaranteed pricing on new cars, plans to raise $101 million by offering 7.8 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, TrueCar would command a market value of $1.1 billion. TrueCar, which was founded in 2005, booked $153 million in sales over the last 12 months. The Santa Monica, CA-based company plans to list on the NASDAQ under the symbol TRUE. Goldman Sachs, J.P. Morgan and RBC Capital Markets are the joint bookrunners on the deal.

Zendesk (ZEN), which provides a SaaS customer service platform primarily to SMBs, plans to raise $100 million by offering 11.1 million shares at a price range of $8.00 to $10.00. At the midpoint of the proposed range, Zendesk would command a market value of $712 million. Zendesk, which was founded in 2007, 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 ZEN. Goldman Sachs, Morgan Stanley 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 7 IPO pricings . GasLog Partners (GLOP), an LP carved out of GasLog Ltd. to own and operate LNG carriers, was the week's winner, ending up 26% 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: BWFG , ECME , JMEI , SDPI , SFBS

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