July US IPO calendar heats up as ten deals set terms at the beginning of the week

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The US IPO calendar  is heating up for the end of July, with ten deals setting terms so far this week. The largest deals come from NRG Yield (NYLD; $392 million deal size), a company formed to operate certain infrastructure assets of NRG Energy, one of the largest power generation and retail electricity businesses in the US, Graña y Montero (GRAM; $350), the largest engineering and construction company in Peru, and Diamond Resorts International (DRII; $264), a vacation club with more than 490,000 members and 295 destinations. And, after a strong second quarter for biotech IPOs (16 deals; 36% average return), two more, OncoMed Pharmaceuticals ( OMED ) and Conatus Pharmaceuticals ( CNAT ), launched this week.

Other notable deals that set terms this week include RetailMeNot ( SALE ), which operates the world's largest digital coupon marketplace, Rexford Industrial Realty ( REXR ), an industrial property REIT in California, and UCP ( UCP ), a California homebuilder. All ten deals are scheduled to price by the end of July.

IPOs setting terms (week of July 8, 2013)
Company (Ticker) Business Deal Size ($mm) LTM Sales ($mm)
NRG Yield (NYLD) Energy infrastructure assets $392 $184
Graña y Montero (GRAM) Peru-based E&C company $350 $2,086
Diamond Resorts Int'l (DRII) Vacation club $264 $568
Rexford Industrial Realty ( REXR ) Industrial properties REIT $224 $35
RetailMeNot ( SALE ) Digital coupon marketplace $191 $156
UCP ( UCP ) California homebuilder $124 $66
OncoMed Pharmaceuticals ( OMED ) Cancer treatment biotech $60 $25
Conatus Pharmaceuticals ( CNAT ) Liver disease biotech $55 $0
Liquid Holdings Group (LIQD) Financial services software $50 $4
Cellular Dynamics Int'l (ICEL) Human cell manufacturer  $50 $8

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines IPOs
Referenced Stocks: CNAT , OMED , REXR , SALE , UCP


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