This week, two tech IPOs are expected to hit the market. No doubt, the space has been hot. Last week the public offering of Splunk (NASDAQ:SPLK) doubled, and there were strong performances by Infoblox (NYSE:BLOX ) and Proofpoint (NASDAQ:PFPT).
Do not expect the same kind of action from this week’s tech deals.
Here’s a look:
Acquity Group (NYSE:AQ)
From 2010 to 2011, revenues jumped from $72.6 million to $106.7 million. Last year there was a net profit of $8.3 million.
The company plans to offer 5.6 million shares at a range of $8 to $10. Lead underwriters include Citigroup (NYSE:C) and Oppenheimer.
The company develops Internet-based video-processing software. It uses a sophisticated compression technology that allows for a high-quality TV experience, and it’s available for a broad array of platforms, including tablets, smartphones, notebooks and PCs.
In fiscal 2012 (which ended on January 31), revenues climbed 69%, to $51 million. Net income was $138,000.
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.