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2 US IPOs planned for the week of May 21
By: Renaissance Capital
IPOs are expected to price this week
Corsair Components ( CRSR ), which designs and supplies personal computer gaming hardware components, plans to raise $78 million by offering 6.0 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Corsair Components would command a market value of $272 million. Corsair Components, which was founded in 1994, booked $480 million in sales over the last 12 months. The Fremont, CA-based company plans to list on the NASDAQ under the symbol CRSR. Stifel Nicolaus Weisel and RBC Capital Markets are the joint bookrunners on the deal.
Tria Beauty ( TRIA ), which sells handheld laser devices to consumers for at-home hair removal, plans to raise $64 million by offering 4.6 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Tria Beauty would command a market value of $296 million. Tria Beauty, which was founded in 2003, booked $50 million in sales over the last 12 months. The Dublin, CA-based company plans to list on the NASDAQ under the symbol TRIA. Morgan Stanley, Piper Jaffray and Wells Fargo Securities 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 was one IPO pricing . Facebook ( FB ), which operates the world's leading social networking platform, ended up 1% from its IPO price.