11 New Stocks to Watch – TerraForm Brings the Dividends

This week’s deals include a diverse set of companies, such as biotech, energy and cloud operators.

     

Because of the 4th of July holiday, there were no IPOs last week. Yet this did not stop the momentum. For the upcoming week, there are 11 new stocks on deck.

The new stocks span a diverse set of industries like the cloud, biotech and energy. But with the market setting new highs and some analysts beginning to urge caution, will there be enough enthusiasm to propel these deals higher? We won’t know until the end of the week.

So let’s take a look at each of the deals:

New Stocks to Watch: Medical Transcription Billing (MTBC)

Expected Offering Date: Friday

Medical Transcription Billing operates a cloud platform to help manage small and medium sized healthcare practices, such as with practice management tools, billing, electronic health records and mobile apps. A key part of the strategy is a low-cost engineering team, which includes more than 1,000 people in Pakistan.

In 2013, revenues came to $10 million but there was a net loss $178,000. There are currently about 400 customers.

The company plans to sell 3 million shares at a range of $9.00 to $11.00. The lead underwriters include Chardan Capital Markets, Aegis Capital Corp. and Summer Street Research Partners.

New Stocks to Watch: Microlin Bio (MCLB)

Expected Offering Date: Friday

Microlin Bio is a biotech company that focuses on microRNA and targets oncology therapeutics. Microlin is fairly new, having been incorporated in July 2013. But to get things moving quickly, the company licensed a portfolio of 138 pending patents and 132 granted patents from the Ohio State Innovation Foundation.

MicroRNA allows the human body to regulate gene expression and biological pathways. But when they are not balanced, they may lead to the emergence of diseases.

Microlin Bio plans to offer 5.5 million shares at a range of $4.50 to $5.50. The lead underwriters include Brean Capital and Summer Street Research Partners.

New Stocks to Watch: TerraForm Power (TERP)

Expected Offering Date: Friday

TerraForm Power purchased solar power generation assets from SunEdison (SUNE). The portfolio includes capacity of up to 807.7 MW, with footprints in the US, Canada, the UK and Chile. The contracts in place have an average term of 20 years. And with the IPO, TerraForm plans to continue its acquisitions.

For the most part, TerraForm is a dividend play. On an annual basis, the payout is projected at $0.9028 per share.

TerraForm Power expects to offer 20.1 million shares at a price range of $19to $21. The lead underwriters include Goldman Sachs (GS), Barclays (BCS), Citi (C), JP Morgan (JPM) and Macquarie Capital.

New Stocks to Watch: Trupanion (TRUP)

Expected Offering Date: Friday

Through a subscription service, Trupanion provides medical insurance for cats and dogs (in the U.S., Canada and Puerto Rico). For the past decade, pet enrollment has increased every quarter — with the total now at 181,634. The monthly retention rate is 98.5%.

From 2010 to 2013, revenues jumped from $19.1 million to $83.8 million. But the company has continued to lose money. Last year, the net loss was $8.2 million.

Trupanion expects to sell 7.1 million shares at a range of $13 to $15. The lead underwriters include RBC Capital Markets, Barclays and Stifel.

New Stocks to Watch: Globant (GLOB)

Expected Offering Date: Friday

Based in Argentina, Globant provides comprehensive information technology services, such as software development and integration. Some of the clients include Google (GOOG), LinkedIn (LNKD) and Disney (DIS).

From 2011 to 2013, revenues increased from $90.1 million to $158.3 million. There was also a profit last year, which came to $13.8 million.

Globant plans to issue 6.3 million shares at a range of $11 to $13. The lead underwriters include JP Morgan, Citi and Credit Suisse (CS).

 
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