2 New IPOs Scheduled for the Week of April 28
Francis Gaskins Follow |Complete calendar at IPOpremium.com
(1) Based in Los Angeles, CA, Ares Management, LP ($ARES) scheduled a $400 million IPO on the NYSE with a market capitalization of $1.8 billion at a price range midpoint of $22 for Friday, May 2, 2014.
ARES is a leading global alternative asset manager with approximately $74 billion of assets under management and approximately 700 employees in over 15 offices in the United States, Europe and Asia.
(2) Based in Vancouver, WA, Papa Murphys Holdings ($FRSH) scheduled a $70 million IPO on the Nasdaq with a market capitalization of $204 million at a price range midpoint of $12 for Friday, May 2, 2014.
FRSH is a pizza chain that also allows customers to take pizzas home for baking. FRSH has positive operating earnings from its franchise operations but has operating losses from its company-owned stores.
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Companies
| Symbol | Name | Price | Change | % | Volume | ||
|---|---|---|---|---|---|---|---|
| Follow | ARES | Ares Management L.P. representing Limited Partner Interests | 20.41 | -0.37 | -1.78 | 260,177 | Trade |
| Follow | FRSH | Papa Murphy's Holdings Inc. | 4.73 | 0.04 | 0.85 | 118,158 | Trade |
| Follow | IRBS | Ir Biosciences Hldgs Inc | 0.00 | 0.00 | 0.00 | 0 |
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