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New Ways to Invest in IPOs - IPO ETFs
7 IPOs planned for the week of Jul 18
Analyst IPO Blog
IPOs are expected to price this week
Apollo Residential Mortgage (
), an Apollo-managed REIT recently formed to invest in residential mortgage assets, plans to raise $200 million by offering 10 million shares at an estimated price of $20 per share. Under the proposed terms, Apollo Residential Mortgage will command a market value of $205 million. Apollo Residential Mortgage was founded in 1990. The New York, NY-based company plans to list on the NYSE under the symbol AMTG. Morgan Stanley, Credit Suisse, and J.P. Morgan are the lead underwriters on the deal.
Francesca's Holdings (
), which operates a chain of trendy women's boutiques with 249 locations in 38 states, plans to raise $150 million by offering 10 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Francesca's Holdings will command a market value of $681 million. Francesca's Holdings, which was founded in 1999, booked $151 million in sales over the last 12 months. The Houston, TX-based company plans to list on the NASDAQ under the symbol FRAN. Goldman, Sachs & Co., J.P. Morgan, and Jefferies & Co. are the lead underwriters on the deal.
Orchid Island Capital, Inc. (
), a specialty finance company that invests in residential mortgage-backed securities, plans to raise $83 million by offering 7.5 million shares at a price range of $10 to $12. At the mid-point of the proposed range, Orchid Island Capital, Inc. will command a market value of $144 million. Orchid Island Capital, Inc. was founded in 2010. The Vero Beach, FL-based company plans to list on the NYSE under the symbol ORC. Barclays Capital and JMP Securities are the lead underwriters on the deal.
), which sells fashion-forward headphones and related accessories in 70 countries, plans to raise $150 million by offering 8.3 million shares at a price range of $17 to $19. At the mid-point of the proposed range, Skullcandy will command a market value of $514 million. Skullcandy, which was founded in 2003, booked $175 million in sales over the last 12 months. The Park City, UT-based company plans to list on the NASDAQ under the symbol SKUL. BofA Merrill Lynch and Morgan Stanley are the lead underwriters on the deal.
SunCoke Energy (
), the largest independent producer of high-thequality metallurgical coke in the Americas, plans to raise $186 million by offering 11.6 million shares at a price range of $15 to $17. At the mid-point of the proposed range, SunCoke Energy will command a market value of $1.1 billion. SunCoke Energy, which was founded in 1962, booked $533 million in sales over the last 12 months. The Lisle, IL-based company plans to list on the NYSE under the symbol SXC. Credit Suisse, BofA Merrill Lynch, and Goldman, Sachs & Co. are the lead underwriters on the deal.
Xunlei Limited (
), which offers accelerated download software and online video services in China, plans to raise $114 million by offering 7.6 million ADSs at a price range of $14 to $16. At the mid-point of the proposed range, Xunlei Limited will command a market value of $1 billion. Xunlei Limited, which was founded in 2003, booked $47 million in sales over the last 12 months. The Shenzhen-based company plans to list on the NASDAQ under the symbol XNET. J.P. Morgan and Deutsche Bank Securities are the lead underwriters on the deal.
Zillow, Inc. (
), which operates the leading online real estate marketplace in the US, plans to raise $59 million by offering 3.5 million shares at a price range of $16 to $18. At the mid-point of the proposed range, Zillow, Inc. will command a market value of $524 million. Zillow, Inc., which was founded in 2004, booked $36 million in sales over the last 12 months. The Seattle, WA-based company plans to list on the NASDAQ under the symbol Z. Citi is the lead underwriter on the deal.
Renaissance Capital will have
available on these upcoming IPOs prior to its pricing.
Last week, there were 3
. Oiltanking Partners L.P. (
), a Gulf Coast provider of terminaling and storage of energy products, was the week's winner, ending up 11% from its IPO price.
Keywords / Tickers:
Recently Priced IPOs
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