No companies went public last week, mainly because of Hurricane Sandy and the plunge in the markets. But this week, deal activity should get back on track. Four IPOs plan to hit the market:
1. Ruckus Wireless (NYSE:RKUS): The company is a provider of carrier-class WiFi services and sells across a diverse set of sectors, such as in hospitality, education, healthcare, warehousing and logistics.
During the first nine months of 2012, revenues spiked by 93% to $152.5 million, and net income came to $29.8 million. Ruckus is certainly benefiting from the megatrends in smartphones and tablets.
The company plans to issue 7 million shares at a range of $13 to $15. The lead underwriters include Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Deutsche Bank (NYSE:DB).
2. Radius Health (NASDAQ:RDUS): The company is developing a drug to treat osteoporosis. According to the National Osteoporosis Foundation, about 10 million Americans suffer from the disease.
Radius Health plans to issue 6.5 million shares at a range of $8.50 to $10.50. The lead underwriters include UBS Investment Bank (NYSE:UBS) and Leerink Swann.
3. Energy & Exploration Partners (NYSE:ENXP): The company focuses on exploration and production of unconventional oil and natural gas resources. It owns 84,989 acres in the Eagle Ford Shale (East Texas), the Permian Basin (West Texas) and the Niobrara Shale (Colorado and Wyoming).
Energy & Exploration plans to issue 15.8 million shares at a range of $14 to $16. The lead underwriters include Canaccord Genuity and Johnson Rice & Co.
4. Silvercrest Asset Management Group (NASDAQ:SAMG): This is a wealth management firm that has about $10.7 billion under management. Its top 375 client relationships had average portfolio sizes of $28 million.
For the first half of 2012, revenues have gone from $20.8 million to $24.8 million. Net income for the current year is $9.4 million.
Silvercrest plans to issue 4.6 million shares at a range of $11 to $13. The lead underwriters include Sandler O’Neill and Raymond James.
Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook.“ Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
Comments are currently unavailable. Please check back soon.