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Signs of Life for IPOs This Week

After a dry spell, there are now five IPOs on the calendar


It’s been kind of lonely at the Since the infamous Facebook (NASDAQ:FB) offering in May, the market has been a ghost town. But as for this week, there is some hope. Five companies are planning to pull off IPOs.

So which ones look interesting? Here’s are three standouts:

Fender Musical Instruments

Fender Musical Instruments (NASDAQ:FNDR) was founded in 1946 and is an iconic brand that was key for the birth of rock ‘n roll. And as of now, Fender is the No. 1 operator in revenue in the U.S. for electric, acoustic and bass guitars. Some of its customers have included Eric Clapton, Jimi Hendrix and Pete Townsend.

In fiscal 2011, net sales came to $700 million and EBITDA was $53 million. Fender distributes its products in over 85 countries.

The company plans to issue 10.7 million shares at a range of $13 to $15. The lead underwriters are J.P. Morgan (NYSE:JPM) and William Blair.

Kayak Software

Kayak Software (NASDAQ:KYAK) operates a search engine to help find deals on flights and hotels. Unfortunately, Kayak has had a tough time getting its IPO off the ground. Consider that it filed its papers back in November 2010!

But Kayak does have a nice growth ramp. In the first quarter, revenues were up by 39% to $73 million. There was also an operating profit of $8 million.

There are still some lingering concerns, though, especially with the competition. A big threat is Google (NASDAQ:GOOG), which has been getting more aggressive with its own travel offerings.

Kayak plans to issue 3.5 million shares at a range of $22 to $25. The lead underwriters are Morgan Stanley (NYSE:MS) and Deutsche Bank Securities (NYSE:DB).

Palo Alto Networks

Palo Alto Networks (NYSE:PANW) is a next-generation provider of security firewalls. So far, there are about 7,750 customers.

And yes, Palo Alto has been growing like a weed. From 2009 to 2011, revenues have gone from $13 million to $119 million.

The company is also currently cash-flow positive, and has been for eight quarters. For the nine months ended April 30th, the operating cash flows were a hefty $58.5 million.

Palo Alto plans to issue 6.2 million shares at a range of $34 to $37. The lead underwriters are Morgan Stanley, Goldman Sachs (NYSE:GS) and Citi (NYSE:C).

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of the upcoming book How to Create the Next Facebook: Seeing Your Startup Through, from Idea to IPO.  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.

Article printed from InvestorPlace Media,

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