Excitement continues to stir in the IPO market with big names in the pipeline or expected to file soon. Renaissance Capital analyst Stephanie Chang spoke with Yahoo! Finance Breakout this week about upcoming deals that will garner attention.
Today's IPO of Fusion-io (FIO), a data storage provider who attributes almost half their revenue to Facebook, has generated buzz with their social media connection. The company priced its IPO at $19, above its upwardly revised range, and is trading up 31% in its NYSE debut.
Pandora Media (P), a leading Internet radio company with 90 million registered users, is expected to list on the NYSE next week. The company plans to raise $109 million by offering 13.7 million shares, including 8.7 million from selling shareholders, at a price range of $7.00 to $9.00. At the mid-point of the proposed range, Pandora Media will command a market value of $1.27 billion.
Groupon's recent IPO filing has already seen its share of headlines. The company filed with the SEC to raise up to $750 million in an IPO, though no specific terms have been set.
Other social media companies are anticipated to be joining the IPO pipeline as well. Zynga's highly anticipated filing could be coming in the next few weeks. Facebook is expected to debut as a public company in 2012.
