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.
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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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