9 US IPOs planned for the week of Mar 24

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The following IPOs are expected to price this week :

2U ( TWOU ), a cloud-based platform for online degree programs at nonprofit universities, plans to raise $110 million by offering 9.2 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, 2U would command a market value of $533 million. 2U, which was founded in 2008, booked $83 million in sales over the last 12 months. The Landover, MD-based company plans to list on the NASDAQ under the symbol TWOU. Goldman Sachs and Credit Suisse are the joint bookrunners on the deal.

Aerohive Networks ( HIVE ), which offers cloud-based, controller-less networking solutions to enterprises, plans to raise $75 million by offering 7.5 million shares at a price range of $9.00 to $11.00. At the midpoint of the proposed range, Aerohive Networks would command a market value of $479 million. Aerohive Networks, which was founded in 2006, booked $107 million in sales over the last 12 months. The Sunnyvale, CA-based company plans to list on the NYSE under the symbol HIVE. Goldman Sachs and BofA Merrill Lynch are the joint bookrunners on the deal.

Applied Genetic Technologies ( AGTC ), a clinical-stage biotech developing treatments for orphan eye diseases, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Applied Genetic Technologies would command a market value of $188 million. Applied Genetic Technologies, which was founded in 1999, booked $1 million in sales over the last 12 months. The Alachua, FL-based company plans to list on the NASDAQ under the symbol AGTC. BMO Capital Markets and Wedbush PacGrow are the joint bookrunners on the deal.

CBS Outdoor Americas ( CBSO ), a spinoff of CBS's North & South American outdoor advertising division, plans to raise $540 million by offering 20.0 million shares at a price range of $26.00 to $28.00. At the midpoint of the proposed range, CBS Outdoor Americas would command a market value of $3.2 billion. CBS Outdoor Americas, which was founded in 2013, booked $1.3 billion in sales over the last 12 months. The New York, NY-based company plans to list on the NYSE under the symbol CBSO. Goldman Sachs, BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal.

Everyday Health ( EVDY ), which provides health and wellness content at 25 websites and 26 mobile applications, plans to raise $100 million by offering 7.2 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Everyday Health would command a market value of $454 million. Everyday Health, which was founded in 2002, booked $156 million in sales over the last 12 months. The New York, NY-based company plans to list on the NYSE under the symbol EVDY. J.P. Morgan, Credit Suisse and Citi are the joint bookrunners on the deal.

King Digital Entertainment (KING), a one of the largest mobile and social game developers, plans to raise $500 million by offering 22.2 million shares at a price range of $21.00 to $24.00. At the midpoint of the proposed range, King Digital Entertainment would command a market value of $7.4 billion. King Digital Entertainment, which was founded in 2002, booked $1.9 billion in sales over the last 12 months. The Dublin, Ireland-based company plans to list on the NYSE under the symbol KING. J.P. Morgan, Credit Suisse, BofA Merrill Lynch and Barclays are the joint bookrunners on the deal.

Nord Anglia Education (NORD), the world's leading provider of premium K-12 British education, plans to raise $304 million by offering 19.0 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Nord Anglia Education would command a market value of $1.5 billion. Nord Anglia Education, which was founded in 1972, booked $370 million in sales over the last 12 months. The Hong Kong, Hong Kong-based company plans to list on the NYSE under the symbol NORD. Credit Suisse, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal.

Square 1 Financial (SQBK), which provides banking services to venture firms and venture-backed companies, plans to raise $94 million by offering 5.9 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Square 1 Financial would command a market value of $465 million. Square 1 Financial, which was founded in 2005, booked $102 million in sales over the last 12 months. The Durham, NC-based company plans to list on the NASDAQ under the symbol SQBK. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal.

TriNet Group (TNET), which provides outsourced human resources services to small/medium-sized businesses, plans to raise $240 million by offering 15.0 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, TriNet Group would command a market value of $1.2 billion. TriNet Group, which was founded in 1988, booked $1.6 billion in sales over the last 12 months. The San Leandro, CA-based company plans to list on the NYSE under the symbol TNET. J.P. Morgan, Morgan Stanley 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.

Last week, there were 8 IPO pricings . Paylocity (PCTY), which provides cloud-based payroll and human capital management software, was the week's winner, ending up 53% 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: TWOU , HIVE , AGTC , CBSO , EVDY

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