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Twitter IPO the Clear Headliner in a Big Week of Deals

TWTR among 14 offerings set to go public this week


The Twitter IPO — listing under TWTR — will be the belle of the IPO ball this week, but we’ll also see a huge plate of other offerings, spanning diverse industries including energy, biotechnology and even Indian film production and distribution.

The Twitter IPO shouldn’t lack for buyers; this morning, the company upped the price range on its 70 million shares to $23 to $25, up from $17 to $20. Underwriters include Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan (JPM), Bank of America Merrill Lynch (BAC) and Deutsche Bank (DB). And if you’d like to know more about the Twitter IPO, we’ve got you covered here.

Now, let’s take a quick look at the other deals:

Arc Logistics Partners

Arc Logistics Partners (ARCX) is a master limited partnership that owns and operates a portfolio of energy logistics assets, such as terminals and storage facilities. The MLP’s main focus is to generate stable cash flows to pay a strong dividend.

Last year, ARCX posted $96.3 million in operating cash flows and $65 million for the first half of this year.

Arc Logistics plans to issue 6 million shares on the New York Stock Exchange at a price range of $19 to $21. Underwriters include Citigroup (C), Barclays (BCS), SunTrust Robinson Humphrey (STI) and Wells Fargo (WFC).

Avianca Holdings

Avianca Holdings (AVH) is a top airline in Latin America, with strong footprints in countries including Colombia, El Salvador, Nicaragua and Panama. The company operates more than 5,500 weekly scheduled flights across more than 100 destinations.

For 2012, revenues came to $4.3 billion, up from $3.8 billion, and operating profits increased from $202.4 million to $280.9 million. AVH has gotten lots of traction with its LifeMiles frequent flyer program, which launched in March 2011, and it now has 5 million members.

Avianca plans to issue 27.2 million shares on the NYSE at a range of $17 to $20. Underwriters include JPMorgan, Citi, Bank of America, UBS (UBS), BTG Pactual and Deutsche Bank.

Barracuda Networks

Barracuda Networks (CUDA) develops cloud-connected systems for security and storage. It has sold products to over 150,000 customers across more than 100 countries.

From fiscal years 2011 to 2013, revenues climbed from $142.1 million to $198.9 million. But during this time, net income swung from a gain of $2.9 million to a loss of $7.4 million.

CUDA plans to issue 4.1 million shares on the NYSE at a price range of $18 to $21. Underwriters include Morgan Stanley, JPMorgan and BofA.

Blue Capital Reinsurance

Blue Capital Reinsurance (BCRH) is a newly created reinsurance firm that is focused on the property catastrophe market. The company believes it is part of an asset class that is uncorrelated to the other major categories like global equities, bonds and hedge funds. BCRH also plans to distribute at least 90% of its income in dividends.

Various subsidiaries of Montpelier Re Holdings (MRH) will manage BCRH’s reinsurance underwriting decisions and other services. The firm is a top global provider of property catastrophe and short-tail reinsurance solutions.

BCRH plans to issue 6.3 million shares on the NYSE at $20 per share. Underwriters include Deutsche Bank, Barclays, Keefe Bruyette & Woods, Raymond James (RJF), UBS and RBC Capital Markets.

EROS International

EROS International (EROS) co-produces, acquires and distributes Indian-language films. Its library includes more than 2,000 titles, as well as 700 additional films for which it holds digital rights only.

During fiscal years 2011 to 2013, revenues increased from $164.6 million to $215.4 million. However, net income fell from $47.6 million to $33.7 million.

EROS intends to issue 12.5 million shares on the NYSE at a price range of $15 to $17. Underwriters include Deutsche Bank, BofA Merrill Lynch, UBS Investment Bank, Jefferies and Credit Suisse (CS).

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