As long as the equities markets remain fairly stable, this should be a strong week for IPOs, with 11 deals planned over the next few days.
The following three initial public offerings come from the tech sector and are getting a lot of buzz:
Splunk (NASDAQ:SPLK) is a leader in the information technology market for “big data.” The company’s technology makes it easy for customers to analyze huge amounts of data logs, which helps to find security problems.
Just this morning, Splunk increased the price range on its IPO to $11 to $13, up from $8 to $10 — a sure sign of heavy demand for the deal.
Infoblox (NASDAQ:BLOX) develops appliances that help to manage networks and data centers, such as with device configuration, compliance, security and monitoring. The company is a beneficiary of mega-trends like cloud computing and virtualization.
Revenues more than doubled — from $61.7 million to $132.8 million — between 2009 and 2011, and cash flows came to $21.5 million last year. Infoblox has more than 5,400 customers, including Boeing (NYSE:BA), Caterpillar (NYSE:CAT) and IBM (NYSE:IBM).
The price range for the Infoblox IPO is $12 to $14. Lead underwriters include Goldman Sachs (NYSE:GS) and Morgan Stanley.
Proofpoint (NASDAQ:PFPT) uses the cloud to provide security services to corporations. This approach tends to be a more effective than traditional software because the database is updated in real-time.
Proofpoint’s solution is fairly comprehensive, dealing with issues like threat protection, archiving, secure communication and regulatory compliance.
Last year, Proofpoint’s revenues climbed 26% to $82 million, but the company did suffer a loss of $20 million.
The price range for Proofpoint’s IPO is $10 to $12. Underwriters include Credit Suisse and Deutsche Bank (NYSE:DB).
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.