This Week’s Upcoming IPOs

Manchester United will probably score the most attention

   

It’s going to be a busy week for IPOs — the six deals on the calendar will make for the most activity since Facebook‘s (NASDAQ:FB) offering in late May.

So here’s a look at some of the interesting IPOs to keep an eye on:

Manchester United

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Manchester United (NYSE:MANU) is the world’s most popular soccer franchise. In its 134-year history, it has won 60 trophies.

The company generates revenues from multiple sources like sponsorships, merchandising, licensing and broadcasting rights. During the past 12 months, revenues came to $543 million.

Manchester United also has a strong mobile and Internet platform. Its website gets 60 million page views per month and its Facebook page has over 26.5 million connections. Compare that to 5.9 million for the New York Yankees, and you’ll see that’s not too shabby.

However, Manchester United has a large amount of long-term debt — $662 million currently. But the IPO will certainly help to pare it down. The company plans to issue 16.7 million shares at a range of $16 to $20.

The lead underwriters include Jefferies & Co. (NYSE:JEF), Credit Suisse (NYSE:CS), J.P. Morgan (NYSE:JPM) and BofA Merrill Lynch (NYSE:BAC).

Bloomin’ Brands

Bloomin’ Brands (NASDAQ:BLMN) is a holding company for a variety of familiar casual dining restaurants: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. There are over 1,500 locations across 49 states and 21 countries and territories.

Last year, the company posted $3.8 billion in revenues and $361.5 million in adjusted earnings. During this period, the combined average for comparable store sales came to just under 5%.

Bloomin’ plans to sell 21.4 million shares at a range of $13 to $15. The lead underwriters include BofA Merrill Lynch, Morgan Stanley (NYSE:MS), J.P. Morgan and Deutsche Bank Securities (NYSE:DB).

CKE

CKE (NYSE:CK) operates the fast-food franchises of Carl’s Jr. and Hardee’s, which have nearly 2,300 locations. For fiscal 2012, revenues were $1.3 billion and adjusted earnings came to $165.9 million.

Back in 2010, Apollo Management took CKE private in a $700 million transaction. Now the firm wants to get a return on its investment. CKE plans to issue 13.3 million shares at a $14 to $16 a share. The lead underwriters include Morgan Stanley, Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli. As of this writing, he did not own a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/this-weeks-upcoming-ipos/.

©2014 InvestorPlace Media, LLC

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