Back to Main

2 US IPOs planned for the week of Nov 19

By: Renaissance Capital
Posted: 11/19/2012 8:54:00 AM
Referenced Stocks: ALDW;RKUS;YY

The following IPOs are expected to price this week :

Alon USA Partners ( ALDW ), a limited partnership with oil refining and marketing operations in Texas, plans to raise $200 million by offering 10 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Alon USA Partners would command a market value of $1.3 billion. Alon USA Partners, which was founded in 2012, booked $3.5 billion in sales over the last 12 months. The Dallas, TX-based company plans to list on the NYSE under the symbol ALDW. Goldman Sachs, Credit Suisse and Citi are the joint bookrunners on the deal.

YY Inc. ( YY ), a Chinese social platform that enables communication via voice, text and video, plans to raise $90 million by offering 7.8 million shares at a price range of $10.50 to $12.50. At the midpoint of the proposed range, YY Inc. would command a market value of $664 million. YY Inc., which was founded in 2005, booked $106 million in sales over the last 12 months. The Guangzhou, China-based company plans to list on the NASDAQ under the symbol YY. Morgan Stanley, Deutsche Bank and Citi 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 . Ruckus Wireless ( RKUS ), which provides carrier-class Wi-Fi systems to mid-tier enterprises and telecoms ended down -18% from its IPO price.