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.
