Upcoming IPOs: LifeLock and Dave & Buster’s Are on Deck

Altogether, six companies plan to go public this week

   

Last week saw a variety of strong IPOs. Cloud operator Qualys (NASDAQ:QLYS) climbed 18%, and Santander Mexico (NYSE:BSMX) clocked a 12.5% gain. Summit Midstream also had a decent showing, up 5.6%

This week, the IPO market will try to continue its winning ways. In fact, six deals are on the calendar, athough two should get most of the action. Here’s what to expect from these two:

bernanke pop art 120 flickr Upcoming IPOs: LifeLock and Dave & Busters Are on Deck
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LifeLock: The company offers online services that help prevent identity theft. LifeLock charges subscriptions that range from $10 to $25 per month. In all, it has 2.3 million members, and the retention rate is 85.4%.

In 2011, LifeLock posted revenues of $193.9 million. As of the first half of this year, revenues came to $125.5 million. It earned net income of $11.6 million, and cash flows from operations came to $23.1 million.

The lead underwriters on the deal include Goldman Sachs (NYSE:GS), BofA Merrill Lynch (NYSE:BAC) and Deutsche Bank (NYSE:DB). LifeLock plans to issue 15.7 million shares at a range of $10 to $12.

Dave & Buster’s: The company operates a chain of 59 entertainment and dining venues, which are chock-full of video games and skill/sports-oriented redemption games (the motto is “Eat Drink Play”). Each locations does about $10 million in annual sales and has an average of 47,000 square feet.

For the past 12 months, Dave & Buster’s generated revenues of $575.7 million and adjusted EBITDA of $111.5 million. However, finding growth hasn’t been easy: Revenues were $520.8 million in 2010.

All in all, Wall Street has had a healthy appetite for restaurant deals. Some of the standouts include Outback Steakhouse’s holding company Bloomin’ Brands (NASDAQ:BLMN) and Chuy’s (NASDAQ:CHUY), which is a Mexican food chain. Their post-IPO gains are 49.5% and 88.6%, respectively.

The lead underwriters on the Dave & Buster’s IPO include Goldman Sachs, Jefferies & Co. (NYSE:JEF) and Piper Jaffray. The company plans to issue 7.7 million shares at a range of $12 to $14.

Here’s a look at the rest of this week’s planned IPOs:

Regulus Therapeutics: This biotech operator creates drugs that target microRNA, which combat a wide array of diseases like atherosclerosis and hepatitis C. The company has financial backing from Isis Pharmaceuticals (NASDAQ:ISIS) and Alnylam Pharmaceuticals (NASDAQ:ALNY). Regulus plans to issue 4.5 million shares at a range of $10 to $12.

Luxfer Holdings: The company is a supplier of aluminum, magnesium and zirconium. It plans to issue 8 million shares at a range of $12 to $14.

Fleetmatics Group: Based in Ireland, the company provides cloud-based software to help companies with fleet management. It plans to offer 7.8 million shares at a range of $15 to $17.

Berry Plastics Group: The company manufactures a wide assortment of packaging materials, such as thin-wall containers, blow-molded bottles and prescription vials. Berry Plastics plans to issue 29.4 million shares at a range of $16 to $18.

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 hold a position in any of the aforementioned securities.


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