The following IPOs are expected to price this week :
Arista Networks ( ANET ), which sells switches and software solutions for next-generation enterprise data centers, plans to raise $200 million by offering 5.3 million shares at a price range of $36 to $40. At the midpoint of the proposed range, it would command a market value of $2.8 billion. Arista Networks, which was founded in 2004, booked $417 million in sales over the last 12 months. The Santa Clara, CA-based company plans to list on the NYSE under the symbol ANET. Morgan Stanley, Citi, BofA Merrill Lynch and Barclays are the joint bookrunners on the deal.
Radius Health ( RDUS ), a biotech developing treatments to restore bone density in osteoporosis patients, plans to raise $52 million by offering 6.5 million shares at $8 per share. At the proposed price, it would command a market value of $233 million. The Santa Clara, CA-based company, which was founded in 2003, plans to list on the NASDAQ under the symbol RDUS. Jefferies and Cowen and Company 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.