One US IPO planned for the week of Mar 25


Shutterstock photo

There is one  IPO expected to price this week :

Pinnacle Foods ( PF ), a leading packaged and frozen foods company backed by Blackstone, plans to raise $551 million by offering 29.0 million shares at a price range of $18.00 to $20.00. At the midpoint of the proposed range, Pinnacle Foods would command a market value of $2.1 billion. Pinnacle Foods, which was founded in 2001, booked $2.5 billion in sales over the last 12 months. The Parsippany, NJ-based company plans to list on the NYSE under the symbol PF. Barclays, BofA Merrill Lynch, Credit Suisse and Goldman Sachs are the joint bookrunners on the deal.

Renaissance Capital will have Pre-IPO Research available on Pinnacle Foods prior to its pricing.

Last week, there were 7 IPO pricings . Enanta Pharmaceuticals ( ENTA ), a biotech focused on developing small molecule drugs to use against hepatitis C, was the week's winner, ending up 20% 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs
More Headlines for: ENTA , PF

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by