The following IPOs are expected to price this week:
Ameresco (AMRC), which designs and implements energy efficient projects for government and institutional clients, plans to raise $130 million by offering 8.7 million shares at a price range of $14-$16. At the mid-point of the proposed range, Ameresco will command a market value of $701 million. Ameresco, which was founded in 2000, booked $429 million in sales over the last 12 months. The Framingham, MA-based company plans to list on the NYSE under the symbol AMRC. BofA Merrill Lynch is the lead underwriter on the deal.
Camelot Information Systems (CIS), a leading provider of ERP and financial industry IT services in China, plans to raise $160 million by offering 13.3 million shares at a price range of $11-$13. At the mid-point of the proposed range, Camelot Information Systems will command a market value of $545 million. Camelot, which was founded in 1994, booked $133 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol CIS. Goldman Sachs (Asia) L.L.C. and Barclays Capital are the lead underwriters on the deal.
Green Dot Corporation (GDOT), which is a leading provider of reloadable prepaid debit cards in the US, plans to raise $129 million by offering 3.85 million shares at a price range of $32-$35. At the mid-point of the proposed range, Green Dot Corporation will command a market value of $1.5 billion. Green Dot, which was founded in 1999, booked $267 million in sales over the last 12 months. The Monrovia, CA-based company plans to list on the NYSE under the symbol GDOT. J.P. Morgan and Morgan Stanley are the lead underwriters on the deal.
SurgiVision (SRGV), which has developed an MRI-guided device for in minimally invasive brain procedures, plans to raise $35 million by offering 2.5 million shares at a price range of $13-$15. At the mid-point of the proposed range, SurgiVision will command a market value of $142 million. SurgiVision, which was founded in 1998, booked $3 million in sales over the last 12 months. The Memphis, TN-based company plans to list on the NASDAQ under the symbol SRGV. Canaccord Genuity and Rodman & Renshaw are the lead underwriters on the deal.
Last week, there were 4 IPO pricings. Qlik Technologies (QLIK), which provides easy-to-use business intelligence software to 14,000 enterprises, was the week's winner, ending up 28% from its IPO price.
