This could be the busiest week in the US IPO market since 2007. A dozen companies are set to go public, with the energy sector well represented, along with the tech internet sector, according to the latest from Renaissance Capital. Of course, the highest-profile companies set to price are Zynga and Jive Software. Here’s what you need to know:
1. Bonanza Creek Energy: this energy company is looking to raise $300 mn in revenue through an IPO onNYSE where it will trade under the symbol BCEI. Bonanza Creek Energy plans to offer shares in a range of $20 to $22, which would mean a market cap of $831 mn at the midpoint. The lead underwriters are Morgan Stanley and Credit Suisse.
2. FusionStorm Global: this enterprise IT solution provider is looking for $175 mn in fresh capital. FusionStorm Global plans to trade under the symbol FSTM on NASDAQ. If it prices at the midpoint of its $12-to-$14 range, the company will reach a market cap of $469 mn. The lead underwriters are FBR Capital Markets andNeedham & Co.
3. Gazit-Globe: the supermarket company, based in Israel, is planning to pull in $130 mn in new capital through its NYSE offering, where it will trade under the symbol GZT. The company is offering at $10.87 a share, which would translate to a market cap of $1.8 bn. Gazit-Globe is already listed in Tel Aviv. The lead underwriters on the NYSE offering are Citigroup and Deutsche Bank Securities.
4. GSE Holding: the containment solutiosn company is planning to go public on NYSE, where it will trade under the symbol GSE. It is looking to raise $126 mn in capital at a price range of $13 to $15 per share. If it hits the mid-point, the company’s valuation will be $258.4 mn. The lead underwriters are Oppenheimer & Co and FBR Capital Markets.
5. Inergy Midstream: the energy company is planning to list on NYSE, where it will trade under the symbolNRGM. Shares are being offered at a range of $19 to $21, and the company would be worth $1.49 bn at the midpoint. It’s goal is to raise $320 mn. The lead underwrtiers are Morgan Stanley, Barclays Capital and Bank of America Merrill Lynch.
6. Jive Software: in this much-anticipated NASDAQ IPO, Jive Software (JIVE) hopes to raise $105 mn with a share price range of $8 to $10. At the midpoint, it would be valued at $622 mn. The lead underwriters are Morgan Stanley, Goldman Sachs and Citigroup.
7. Laredo Petroleum: set to trade as LPI on NYSE, Laredo Petroleum is looking to raise $333 mn with a share price of $18 to $20. At the midpoint, it would have a market cap of $2.4 bn. The lead underwriters are JP Morgan, Goldman Sachs and Bank of America Merrill Lynch.
8. Luxfer Holdings: the materials company is planning to raise $151 mn at a range of $15 to $15 per share ($390 mn market cap at the midpoint. Luxfer is set to trade on NYSE under the symbol LXFR, and the lead underwriters are Jefferies & Co and Credit Suisse.
9. Michael Kors Holdings: luxury consumer goods company Michael Kors is set to price this week on NYSE and trade under the symbol KORS. Its plan is to raise $751 mn and offer shares at a range of $17 to $19. At the midpoint, it would attain a market value of $3.7 bn. The lead underwriters are Morgan Stanley, JP Morgan and Goldman Sachs.
10. Mid-Con Energy Partners: this energy company is looking to raise $108 mn in a NASDAQ IPO, where it will trade under the symbol MCEP. It’s offering shares at a range of $19 to $21 and would be worth $352.8 mn at the midpoint. The lead underwriters are RBC Capital Markets, Raymond James and Wells Fargo Securities.
11. Sanchez Energy Corporation: planning to trade on NYSE under the symbol SN, Sanchez Energy Corporation is planning to bring in $250 mn in fresh capital this week, offering shares at a range of $24 to $26. At the midpoint, it would be worth $825 mn. The lead underwrtiers are Johnson Rice & Co and Macquarie Capital.
12. Zynga: this is the one everybody is waiting for! The social gaming company, set to trade on NASDAQ under the symbol ZNGA is pricing its shares at $8.5 to $10 and is looking to raise around $925 mn. At the share price midpoint, on a fully diluted basis, Zynga would be worth $8.3 bn. The lead underwriters are Morgan Stanley and Goldman Sachs.