Thirteen IPOs for the Week of June 22 Raising $2.4 Billion

Francis Gaskins |

IPOs this week, stocks to buy now, small-cap stocks, IPO reportIPO calendar HERE 

(1) Based in Chicago, IL, TransUnion (TRU) scheduled a $650 million IPO on NYSE with a market capitalization of $3.9 billion at a price range midpoint of $22 for Thursday, June 25, 2015.

TRU is a leading global risk and information solutions provider to businesses and consumers.

TRU provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses.

(2) Based in Cincinnati, OH, Milacron Holdings (MCRN) scheduled a $300 million IPO on NYSE with a market capitalization of $1.4 billion at a price range midpoint of $21 for Thursday, June 25, 2015.

MCRN is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the $27 billion plastic technology and processing industry.

(3) Based in  New York, NY, Gener8 Maritime Inc. (GNRT) scheduled a $270 million IPO on NYSE with a market capitalization of $1.3 billion at a price range midpoint of $18 for Thursday, June 25, 2015.

GNRT is Gener8 Maritime Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, resulting from a transformative merger between General Maritime Corporation, a well-known tanker owner, and Navig8 Crude Tankers Inc., a company sponsored by the Navig8 Group, one of the largest independent vessel pool managers.

(4) Based in Oakwood, GA, Wayne Farms (WNFM) scheduled a $250 million IPO on Nasdaq with a market capitalization of $1.04 billion at a price range midpoint of $19 for Thursday, June 25, 2015.

Following a series of targeted acquisitions, combined with organic growth, WNFM is currently the sixth largest integrated producer and processor of broiler chickens in the United States.

WNFM is primarily engaged in the production and processing of fresh and prepared foods chicken products to retailers, distributors and foodservice operators.

(5) Based in Omaha, NE, Green Plains Partners LP (GPP) scheduled a $200 million IPO on Nasdaq with a market capitalization of $648 million at a price range midpoint of $20 for Friday, June 26, 2015.

GPP is a fee-based Delaware limited partnership recently formed by GPP’s parent, Green Plains Inc., to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.   Green Plains (GPRE) the parent has a market cap of $1.2 billion.

(6) Based in Canonsburg, PA, CNX Coal Resources LP (CNXC) scheduled a $200 million IPO on NYSE with a market capitalization of $474 million at a price range midpoint of $20 for Thursday, June 25, 2015.

CNXC is a growth-oriented master limited partnership recently formed by CONSOL Energy (CNX), $5.7bb market cap, to manage and further develop all of its active thermal coal operations in Pennsylvania.

CNXC’s initial assets will include a 20% undivided interest in, and operational control over, CONSOL Energy’s Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States, CNXC’s core market.

(7) Based in Cambridge, MA, Seres Therapeutics (MCRB) scheduled a $101 million IPO on Nasdaq with a market capitalization of $587 million at a price range midpoint of $16 for Friday, June 26, 2015.

MCRB is a microbiome therapeutics platform company developing a novel class of biological drugs, which MCRB refers to as Ecobiotic microbiome therapeutics.

The human microbiome is an ecology of microorganisms, including bacteria, fungi and viruses, that, when unhealthy, or dysbiotic, can leave the body more susceptible to infections, metabolic disorders, allergies, autoimmune disease, inflammation and other conditions.

(8) Based in Vienna, VA,Alarm.com Holdings (ALRM) scheduled a $98 million IPO on Nasdaq with a market capitalization of $630 million at a price range midpoint of $14 for Friday, June 26, 2015.

ALRM is the leading platform solution for the connected home. Through its cloud-based services, Alarm.com makes connected home technology broadly accessible to millions of home and business owners.

(9) Based in Goleta, CA,AppFolio (APPF) scheduled an $81 million IPO on Nasdaq with a market capitalization of $420 million at a price range midpoint of $13 for Friday, June 26, 2015.

APPF provides industry-specific, cloud-based software solutions for SMBs in the property management and legal industries.

APPF’s platform is designed to be the system of record to automate essential business processes and the system of engagement to enhance business interactions between APPF’s customers and their clients

In 2013 and 2014, APPF derived more than 90% of revenue from property manager customers.

(10) Based in Laguna Hills, CA,Glaukos (GKOS) scheduled a $76 million IPO on NYSE with a market capitalization of $420 million at a price range midpoint of $14 for Thursday, June 25, 2015.

GKOS is an ophthalmic medical technology company focused on the development and commercialization of breakthrough products and procedures designed to transform the treatment of glaucoma, one of the world's leading causes of blindness.

GKOS has pioneered Micro-Invasive Glaucoma Surgery, or MIGS, to revolutionize the traditional glaucoma treatment and management paradigm.

(11) Based in North Billerica, MA,Lantheus Holdings (LNTH) scheduled a $75 million IPO on the Nasdaq with a market capitalization of $251 million at a price range midpoint of $9.50 for Thursday, June 25, 2014.

LNTH is a global leader in developing, manufacturing, selling and distributing innovative diagnostic medical imaging agents and products that assist clinicians in the diagnosis of cardiovascular and other diseases.

LNTH agents are routinely used to diagnose coronary artery disease, congestive heart failure, stroke, peripheral vascular disease and other diseases.

(12) Based in San Jose, CA,Xactly (XTLY) scheduled a $77 million IPO on NYSE with a market capitalization of $308 million at a price range midpoint of $11 for Friday, June 26, 2015.

XTLY is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management.

XTLY address a critical business need: to incentivize employees and align their behaviors with company goals. XTLY’s solutions allow organizations to make better strategic decisions, optimize behaviors, increase sales and employee performance, improve margins, increase operational efficiencies, mitigate risk, design better incentive compensation plans and reduce error rates in incentive compensation calculations.

(13) Based in Cambridge, MA,Catabasis Pharmaceuticals (CATB) scheduled a $60 million IPO on Nasdaq with a market capitalization of $193 million at a price range midpoint of $14 for Thursday, June 25, 2015.

CATB is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel therapeutics based on its proprietary Safely Metabolized And Rationally Targeted, or SMART, linker technology platform.

 

 

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Companies

Symbol Name Price Change % Volume
ALRM Alarm.com Holdings Inc. 27.64 -0.66 -2.33 184,123
CNXC CNX Coal Resources LP representing limited partner 18.80 -0.60 -3.09 92,805
APPF AppFolio Inc. 22.20 0.25 1.14 22,736
XTLY Xactly Corporation 11.40 -2.95 -20.56 2,321,487
GNRT Gener8 Maritime Inc. 4.17 -0.03 -0.71 544,058
MCRB Seres Therapeutics Inc. 9.79 0.10 1.03 251,257
CATB Catabasis Pharmaceuticals Inc. 3.61 0.09 2.56 101,874
GPP Green Plains Partners LP 19.15 -0.10 -0.52 28,218
LNTH Lantheus Holdings Inc. 9.45 0.15 1.61 421,811
MCRN Milacron Holdings Corp. 19.24 0.69 3.72 648,058
GKOS Glaukos Corporation 33.15 -0.41 -1.22 486,699
TRU TransUnion 31.38 0.57 1.85 838,279

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