9/3/10

Bruker Energy & Supercon Technologies, which develops superconducting technology for applications in the energy and healthcare markets, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Billerica, MA-based company, which was founded in 2008 and booked $77 million in sales for the 12 months ended June 30, plans to list on the NASDAQ under the symbol ESCT. The company is currently a subsidiary of Bruker Corporation (NASDAQ: BKKR), which will continue to be the controlling stockholder after the IPO. Jefferies & Co. and UBS Investment Bank are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.

9/2/10

SciQuest, which offers software that allows organizations to engage in strategic procurement from suppliers, announced terms for its IPO on Thursday. The Cary, NC-based company plans to raise $63 million by offering 6 million shares at a price range of $9.50-$11.50. At the mid-point of the proposed range, SciQuest will command a market value of $221 million. SciQuest, which was founded in 1995 and booked $36 million in sales last year, plans to list on the NASDAQ under the symbol SQI. Thomas Weisel Partners is the lead underwriter on the deal, for which timing was not disclosed.

9/2/10

SouFun Holdings Limited, which operates the leading real estate website in China, submitted its initial filing and announced terms for its IPO on Thursday. The Beijing-based company plans to raise $122 million by offering 2.9 million ADSs at a price range of $40.50-$42.50; at the mid-point of the proposed range, it will command a market value of $893 million. SouFun is currently controlled by Telstra International, which bought a 55% stake in the company for $254 million in August 2006. In a concurrent private placement, Telstra plans to sell 1.8 million ADSs to buyers including private equity firms General Atlantic and Apax Partners and exit its stake on the IPO. Other shareholders will sell an additional aggregate of 860,322 ADSs. SouFun, which was founded in 1999 and booked $158 million in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol SFUN. Deutsche Bank Securities and Goldman Sachs (Asia) L.L.C. are the lead underwriters on the deal, for which timing was not disclosed.

9/2/10

General Motors is expected to begin its roadshow immediately after the midterm elections and price the deal on November 17, sources reported Thursday. The global automotive company, which was founded in 1908 and booked $123 billion in sales for the 12 months ended June 30, plans to list its shares on both the NYSE and the Toronto Stock Exchange. Deal size estimates range from $10-$20 billion, giving General Motors the potential to be the largest IPO in US history. The company submitted its initial filing to the SEC on August 10 with Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and Citi set to be the lead underwriters on the deal.