There are three IPOs scheduled for the week of January 12. All three are set to debut on Friday to kick off the IPO season for 2015. The companies are listed below, in order of largest IPO first. Full IPO calendar & reports HERE
(1) Based in Fort Lauderdale, FL,Patriot National (PN) scheduled a $138 million IPO on NYSE with a market capitalization of $432 million at a price range midpoint of $17 for Friday, Jan. 16, 2015.
PN is a national provider of comprehensive outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments and reinsurance captives.
PN offers an end-to-end portfolio of services to increase business production, contain costs and reduce claims experience for PN’s clients.
(2) Based in New York, New York,Sutherland Asset Management (SLD) scheduled a $125 million IPO on NYSE with a market capitalization of $554 million at a price range midpoint of $15.50 for Friday, Jan.16, 2015.
SLD is a real estate finance company that acquires, originates, manages, services and finances primarily SBC loans.
SBC loans generally range in original principal amount of between $500,000 and $10 million and are used by small businesses
(3) Based in Manitowoc, WI, County Bancorp (ICBK) scheduled a $20 million IPO on Nasdaq with a market capitalization of $93 million at a price range midpoint of $17 for Friday, Jan. 16, 2015.
ICBK serves business and retail customers throughout Wisconsin, with a focus on Northeastern and Central Wisconsin. Customers are served from full-service locations in Manitowoc and Stevens Point, and loan production offices in Darlington, Eau Claire and Fond du Lac.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer