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This week's IPO market paves way for six U.S. companies to trade next week

October 30, 2009

IPO activity is expected to pick up next week with six U.S. companies scheduled to go public, beginning with Aviv REIT (AVIV), a Chicago, IL-based company that specializes in owning, acquiring and developing healthcare properties. The company plans to raise $299 million by offering 16.6 million shares on the NYSE on Tuesday at a price range of $17.00 to $19.00.

Aviv REIT will be followed by Ancestry.com and PlainsCapital, both of which are expected to price next Wednesday on the NASDAQ and NYSE, respectively. Ancestry.com (ACOM), an online community that provides family histories for a subscription-based fee, plans to raise $100 million by offering 7.4 million shares at a price range of $12.50 to $14.50. The Provo, UT-based company will be highlighted as our Featured IPO. PlainsCapital (PCB), the 9th largest bank in Texas, plans to raise $225m by offering $15 million shares at a price range of $14.00 to $16.00.

Rounding out the week will be Hyatt Hotels (H), STR Holdings (STRI) and Duoyuan Printing (DYP), all of which are expected to price next Thursday. Hyatt, a globally recognized brand in the hospitality industry owned by the Pritzker family, plans to raise $391 million by offering 38 million shares at a price range of $23.00 to $26.00. The Chicago, IL-based company will list its stock on the NYSE and has chosen Goldman Sachs to be the lead underwriter on the deal. STR Holdings, a solar module encapsulant provider, plans to raise $172 million by offering 12.3 million shares at a price range of $13.00 to $15.00. Duoyuan Printing, a printing equipment supplier with distribution channels in China, plans to raise $62 million by offering 6.5 million shares at a price range of $8.50 to $10.50.