11 IPOs Scheduled for the Week of March 24

Francis Gaskins |

The full IPO calendar is available at IPOpremium. Scheduled IPOs are ranked by IPO size.

(1) Based in New York, NY, CBS Outdoor Americas (CBSO) scheduled a $540 million IPO on the NYSE with a market capitalization of $3.24 billion at a price range midpoint of $27 for Friday, March 28, 2014.

CBSO is an highly leveraged billboard REIT carve-out expecting to yield 5.5%.  CBSO is sweetheart deal for Sumner Redstone 

(2) Based in Dublin, Ireland, King Digital Entertainment (KING) scheduled a $511 million IPO on the NYSE with a market capitalization of $7.1 billion at a price range midpoint of $22.50 for Wednesday, March 26, 2014.

KING primarily provides mobile games across multiple platforms.  In February, 2014 69% of KING’s 140 million daily average users used the Candy Crush game.

(3) Based in Hong Kong, Nord Anglia Education (NORD) scheduled a $304 million IPO on the NYSE with a market capitalization of $1.5 billion at a price range midpoint of $16 for Wednesday, March 26, 2014.

NORD believes it is the world’s leading international operator of premium schools.

NORD lost money each of the last three fiscal years (August fiscal) and in 2013 and 2012 did make money in the November quarter, which looks like a seasonal  event.

(4) Based in San Leandro, CA, TriNet Group (TNET) scheduled a $240 million IPO on the NYSE with a market capitalization of $1.1 billon at a price range midpoint of $16 for Thursday, March 27, 2014.

TNET is a leading provider of a comprehensive human resources solution for small to medium-sized businesses, or SMBs.  TNET provides Work Site Employees (WSE) to its clients.

(5) Based in Landover, MD, 2U (TWOU) scheduled a $110 million IPO on the Nasdaq with a market capitalization of $470 million at a price range midpoint of $12 for Friday, March 28, 2014.

TWOU is a leading provider of cloud-based SaaS solutions that enable leading nonprofit colleges and universities to deliver their high quality education to qualified students anywhere.



(6) Based in New York, NY, Everyday Health (EVDY) scheduled a $100 million IPO on the NYSE with a market capitalization of $416 million at a price range midpoint of $14 for Friday, March 28, 2014.

EVDY is a leading digital health and wellness company that competes with medscape.com, owned by Webmd.com.  Webmd is profitable.  EVDY also competes with Epocrates (EPOC), which is struggling.

(7) Based in Durham, NC, Square 1 Financial (SQBK) scheduled a $94 million IPO on the Nasdaq with a market capitalization of $435 million at a price range midpoint of $16 for Thursday, March 27, 2014.

SQBK is a bank that focuses on the “venture banking market’  by focusing on firms financed by venture firms and by private equity firms.

(8) Based in Sunnyvale, CA, Aerohive Networks (HIVE) scheduled a $75 million IPO on the NYSE with a market capitalization of $436 million at a price range midpoint of $10 for Friday, March 28, 2014.

HIVE has designed and developed a leading cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge.

The network edge is the point at which devices access the enterprise network.

(9) Based in Alachua, FL, Applied Genetic Technologies (AGTC) scheduled a $50 million IPO on the Nasdaq with a market capitalization of $179 million at a price range midpoint of $14 for Thursday, March 27, 2014.

AGTC is a pre-clinical-stage biotechnology company that uses its proprietary gene therapy platform to develop products designed to transform the lives of patients with severe inherited orphan diseases in ophthalmology.

(10) Based in New York, NY, Bluerock Residential Growth REIT (BRG) scheduled a $50 million IPO on the NYSE with a market capitalization of $65 million at a price range midpoint of $15 for Friday, March 28, 2014.

BRG’s objective is to maximize long-term stockholder value by acquiring well-located institutional-quality apartment properties in demographically attractive growth markets across the United States.

(11) Based in Baton Rouge, LA, 1347 Property Insurance Holdings (PIH) scheduled a $25 million IPO on the Nasdaq with a market capitalization of $390 million at a price range midpoint of $11 for Wednesday, March 26, 2014.

PIH is a specialized local property and casualty insurer in Louisiana.

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Companies

Symbol Name Price Change % Volume
HIVE Aerohive Networks Inc. 3.84 0.04 1.05 307,243 Trade
AGTC Applied Genetic Technologies Corporation 3.65 -0.10 -2.67 144,858 Trade
NORD Nord Anglia Education Inc. n/a n/a n/a 0 Trade
PIH 1347 Property Insurance Holdings Inc. 7.85 -0.05 -0.63 4,885 Trade
TNET TriNet Group Inc. 33.88 -0.68 -1.97 442,575 Trade
TWOU 2U Inc. 54.65 0.41 0.76 468,694 Trade
EVDY Everyday Health Inc. n/a n/a n/a 0 Trade
CYSNF C-Com Satellite Systems Inc 0.87 0.00 0.00 0
BRG Bluerock Residential Growth REIT Inc. Class A 10.40 -0.08 -0.76 229,595

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