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4 US IPOs planned for the week of Nov 12

By: Renaissance Capital
Posted: 11/12/2012 7:00:00 AM
Referenced Stocks: ENXP;RDUS;RKUS;SAMG

The following IPOs are expected to price this week :

Energy & Exploration Partners ( ENXP ), an early stage oil and gas E&P focused on unconventional resources, plans to raise $236 million by offering 15.8 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Energy & Exploration Partners would command a market value of $525 million. Energy & Exploration Partners was founded in 2006. The Fort Worth, TX-based company plans to list on the NYSE under the symbol ENXP. Canaccord Genuity and Johnson Rice & Co. are the joint bookrunners on the deal.

Radius Health ( RDUS ), a biotech developing treatments to restore bone loss from osteoporosis, plans to raise $62 million by offering 6.5 million shares at a price range of $8.50 to $10.50. At the midpoint of the proposed range, Radius Health would command a market value of $283 million. Radius Health was founded in 2003. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol RDUS. UBS Investment Bank and Leerink Swann are the joint bookrunners on the deal.

Ruckus Wireless ( RKUS ), which provides carrier-class Wi-Fi systems to telecoms and enterprises, plans to raise $118 million by offering 8.4 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Ruckus Wireless would command a market value of $1.3 billion. Ruckus Wireless, which was founded in 2004, booked $194 million in sales over the last 12 months. The Sunnyvale, CA-based company plans to list on the NYSE under the symbol RKUS. Goldman Sachs, Morgan Stanley and Deutsche Bank are the joint bookrunners on the deal.

Silvercrest Asset Management Group ( SAMG ), an investment company with $11 billion in AUM for ultra high net worth individuals, plans to raise $55 million by offering 4.6 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Silvercrest Asset Management Group would command a market value of $142 million. Silvercrest Asset Management Group, which was founded in 2002, booked $47 million in sales over the last 12 months. The New York, NY-based company plans to list on the NASDAQ under the symbol SAMG. Sandler O'Neill and Raymond James 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.