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. 2.75 -0.01 -0.36 216,983
CDNA CareDx Inc. 5.85 0.09 1.56 177,213 Trade
CTSH Cognizant Technology Solutions Corporation 74.80 0.53 0.71 2,905,166 Trade
EPAM EPAM Systems Inc. 91.41 0.87 0.96 275,243 Trade
TUBE TubeMogul Inc. n/a n/a n/a 0 Trade
IRMD iRadimed Corporation 10.20 0.10 0.99 13,301 Trade
TRUP Trupanion Inc. 28.50 0.11 0.39 87,496 Trade
GLOB Globant S.A. 40.71 0.11 0.27 125,336 Trade
TERP TerraForm Power Inc. 13.55 -0.13 -0.95 1,233,658 Trade
SAGE Sage Therapeutics Inc. 63.50 0.58 0.92 348,033 Trade
ROKA Roka Bioscience Inc. 1.53 -0.24 -13.56 973,647 Trade
BYD.UN:APH Boyd Group Income Fund n/a n/a n/a n/a

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