Markets

One US IPO planned for the week of Mar 11

There is one IPO expected to price this week :

Silver Spring Networks ( SSNI ), which provides smart grid products and services to utilities, plans to raise $63 million by offering 3.7 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Silver Spring Networks would command a market value of $794 million. Silver Spring Networks, which was founded in 2002, booked $197 million in sales over the last 12 months. The Redwood City, CA-based company plans to list on the NYSE under the symbol SSNI. Goldman Sachs and Credit Suisse are the joint bookrunners on the deal.

Renaissance Capital will have Pre-IPO Research available on Silver Spring prior to its pricing.

Last week, there were 2 IPO pricings . Artisan Partners Asset Management ( APAM ), an equities-focused investment manager with $74 billion under management, was the week's winner, ending up 29% 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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