9 US IPOs planned for the week of May 5

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The following IPOs are expected to price this week :

Alder BioPharmaceuticals ( ALDR ), which is developing antibodies for rheumatoid arthritis with Bristol-Myers and migraines, 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, Alder BioPharmaceuticals would command a market value of $432 million. Alder BioPharmaceuticals, which was founded in 2002, booked $19 million in sales over the last 12 months. The Bothell, WA-based company plans to list on the NASDAQ under the symbol ALDR. Credit Suisse and Leerink Partners are the joint bookrunners on the deal.

Cheetah Mobile ( CMCM ), a Chinese mobile security app developer and spin-off of Kingsoft, plans to raise $162 million by offering 12.0 million shares at a price range of $12.50 to $14.50. At the midpoint of the proposed range, Cheetah Mobile would command a market value of $2.1 billion. Cheetah Mobile, which was founded in 2009, booked $122 million in sales over the last 12 months. The Beijing, China-based company plans to list on the NYSE under the symbol CMCM. Morgan Stanley, J.P. Morgan and Credit Suisse are the joint bookrunners on the deal.

Dorian LPG ( LPG ), which owns very large liquefied petroleum gas ( LPG ) carriers, plans to raise $135 million by offering 7.1 million shares at a price range of $18.00 to $20.00. At the midpoint of the proposed range, Dorian LPG would command a market value of $1.1 billion. Dorian LPG, which was founded in 2013, booked $42 million in sales over the last 12 months. The Stamford, CT-based company plans to list on the NYSE under the symbol LPG and currently trades on the Norwegian OTC market under the symbol DORIAN. J.P. Morgan, UBS Investment Bank, Clarkson Capital Markets and Wells Fargo Securities 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.

GasLog Partners ( GLOP ), an LP carved out of GasLog to own and operate LNG carriers, plans to raise $168 million by offering 8.4 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, GasLog Partners would command a market value of $401 million. GasLog Partners, which was founded in 2014, booked $64 million in sales over the last 12 months. The Monaco-based company plans to list on the NYSE under the symbol GLOP. Citi, Credit Suisse, Wells Fargo Securities and Barclays are the joint bookrunners on the deal.

K2M Group Holdings (KTWO), which develops and sells medical devices used in spinal surgeries, plans to raise $150 million by offering 8.8 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, K2M Group Holdings would command a market value of $677 million. K2M Group Holdings, which was founded in 2004, booked $158 million in sales over the last 12 months. The Leesburg, VA-based company plans to list on the NASDAQ under the symbol KTWO. Piper Jaffray, Barclays and Wells Fargo Securities are the joint bookrunners on the deal.

PBF Logistics (PBFX), an MLP formed by PBF Energy to operate oil and refined petroleum logistics assets, plans to raise $275 million by offering 13.8 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, PBF Logistics would command a market value of $635 million. PBF Logistics, which was founded in 2011, booked $51 million in sales over the last 12 months. The Parsippany, NJ-based company plans to list on the NYSE under the symbol PBFX. Barclays, UBS Investment Bank, Citi and Credit Suisse are the joint bookrunners on the deal.

Radius Health (RDUS), which is developing treatments to restore bone density in osteoporosis patients, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Radius Health would command a market value of $411 million. Radius Health was founded in 2003. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol RDUS. Jefferies & Co. and Cowen & Company are the joint bookrunners on the deal. (Previously filed to go public in February 2012 and withdrew in November 2012.)

Tuniu (TOUR), China's largest online provider of packaged tours, plans to raise $80 million by offering 8.0 million shares at a price range of $9.00 to $11.00. At the midpoint of the proposed range, Tuniu would command a market value of $522 million. Tuniu, which was founded in 2006, booked $324 million in sales over the last 12 months. The Nanjing, China-based company plans to list on the NASDAQ under the symbol TOUR. Morgan Stanley, Credit Suisse and China Renaissance Securities (Hong Kong) Limited 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 3 IPO pricings . Papa Murphy's (FRSH), a pizza chain known for its "Take 'N' Bake" pizzas, was the week's winner, ending up 0.5% 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: ALDR , CMCM , LPG , ECME , GLOP

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