Nine New IPOs for Week of July 14

Francis Gaskins |

IPO, IPO calendar, stock market today, stocks, IPOs todayComplete IPO calendar HERE

 (1) Based in Beltsville, MD, TerraForm Power ($TERP) scheduled a $401 million IPO on the Nasdaq with a market capitalization of $1.87 billion at a price range midpoint of $20 for Friday, July 18, 2014.

TERP is another clean energy ‘carve-out’ from a strong parent. The projected yield of 4.5% at the price range mid-point of $20 is high compared to the sector. 

 (2) Based in Seattle, WA, Trupanion ($TRUP) scheduled a $100 million IPO on the NYSE with a market capitalization of $372 million at a price range midpoint of $14 for Friday, July 18, 2014.

TRUP appears to be expanding the market for cat and dog insurance, receiving a large percentage of new business from referrals.

 (3) Based in Emeryville, CA, TubeMogul ($TUBE) scheduled a $75 million IPO on the NYSE with a market capitalization of $344 million at a price range midpoint of $12 for Friday, July 18, 2014.

TUBE is in the digital branding for enterprises business. TUBE is experiencing explosive growth in platform direct sales.

(4) Based in Luxembourg, Globant S.A. ($GLOB) scheduled a $76 million IPO on the NYSE with a market capitalization of $388.7 million .

Compare towithh  EPAM Systems (EPAM) & Cognizant Technology (CTSH) , see report.

 (5) Based in Warren, NJ, Roka Bioscience ($ROKA) scheduled a $75 million IPO on the Nasdaq with a market capitalization of $265 million at a price range midpoint of $15 for Thursday, July 17, 2014.

ROKA is a molecular diagnostics company initially focused on providing advanced testing solutions for the detection of foodborne pathogens, which is projected to be the fastest growing segment of the $2 billion food safety testing market.

 (6) Based in San Diego, CA, Pfenex ($PFNX) scheduled a $65 million IPO on the NYSE with a market capitalization of $198 million at a price range midpoint of $13 for Friday, July 18, 2014.

PFNX was a December 2009 spinout from The Dow Chemical Company. Pre-IPO shareholders include affiliates of The Dow Chemical Company with 49% and Signet Healthcare Partners with 35%.

PFNX is a clinical-stage biotechnology company engaged in the development of difficult to manufacture and high-value proteins, initially focused on biosimilar therapeutics, or biosimilars.

 (7) Based in Cambridge, MA, Sage Therapeutics ($SAGE) scheduled a $60 million IPO on the Nasdaq with a market capitalization of $359 million at a price range midpoint of $15 for Friday, July 18, 2014.

SAGE is a biopharmaceutical company committed to developing and commercializing novel medicines to treat life-threatening, rare central nervous system, or CNS, disorders, where there are inadequate or no approved existing therapies.

 (8) Based in Brisbane, CA, CareDx ($CDNA) scheduled a $50 million IPO on the Nasdaq with a market capitalization of $168 million at a price range midpoint of $16 for Friday, July 18, 2014.

CDNA is a commercial stage company that develops, markets and delivers a diagnostic surveillance solution for heart transplant recipients to help clinicians make personalized treatment decisions throughout a patient’s lifetime.

 (9)  Based in Winter Park, FL, iRadimed ($IRMD) scheduled a $9.6 million IPO on the Nasdaq with a market capitalization of $56 million at a price range midpoint of $5.50 for the week of July 14, 2014.

IRMD develops, manufactures, markets and distributes MRI compatible products, and today IRMD is the global market leader in the sale of non-magnetic IV infusion pump systems

 

 

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Companies

Symbol Name Price Change % Volume
PFNX Pfenex Inc. 8.68 -0.10 -1.14 39,951
CDNA CareDx Inc. 3.15 -0.25 -7.35 15,745
CTSH Cognizant Technology Solutions Corporation 54.02 -0.06 -0.11 4,625,363
EPAM EPAM Systems Inc. 62.01 -0.70 -1.12 562,202
TUBE TubeMogul Inc. 14.11 0.02 0.14 613,888
IRMD iRadimed Corporation 10.75 -1.00 -8.51 51,606
TRUP Trupanion Inc. 15.53 -0.96 -5.82 97,042
GLOB Globant S.A. 33.00 -0.20 -0.60 134,330
TERP TerraForm Power Inc. 12.40 -0.10 -0.80 508,767
SAGE Sage Therapeutics Inc. 49.02 -0.23 -0.47 290,385
ROKA Roka Bioscience Inc. 4.68 -0.24 -4.88 104,338
BYD.UN:APH Boyd Group Income Fund n/a n/a n/a n/a

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