initial public offerings (IPOs) trading on American exchanges

Friday, August 12, 2011

IPOs this week (8 Aug 2011) : 12 companies scheduled

Update : 8/12/11: Only two of 12 IPOs scheduled this week have priced: SandRidge Permian Trust (PER) and Carbonite(CARB)


10 IPOs are delayed due to market sell-off and volatility:
  • Cathay Industrial Biotech Ltd.
  • Enduro Royalty Trust
  • HomeStreet Inc.
  • InvenSense Inc.
  • Loyalty Alliance Enterprise Corp.
  • Tim we. SGPS S.A.
  • WageWorks Inc.
  • WhiteGlove Health Inc.
  • Midland States Bancorp
  • Trustwave
Wed 8/10/11 market stats:
Dow Jones  10,719.94  -519.83  (-4.62%)
S&P 500    1,120.76   -51.77   (-4.42%)
Nasdaq     2,381.05   -101.47  (-4.09%)

Update : 8/11/11:   Carbonite said in a regulatory filing that it now expects shares to be priced at between $10 and $11.  Last month, the company said it hoped to raise as much as $106 million in an IPO by selling shares in the company at $15 to $17 a share

The following were scheduled the week of 8 Aug 2011
  1. InvenSense, which makes motion processing chips for companies such as Nintendo, plans to offer 10.5 million shares at $8.50 to $10.50 per share for a $99.75 million offering
  2. CarboniteThe online backup company plans to price 6.25 million shares at $15 to $17 each for a $100 million deal.
  3. Trustwave Holdings, an online security compliance company, plans to price 6.25 million shares at $15 to $17 per share.
  4. Cathay Industrial Biotech, a Shanghai-based industrial biotechnology producer, plans to price 6.9 million ADRs at $12 to $14 per share for a $89.7 million offering.
  5. Enduro Royalty Trust plans to price13.2 million shares at $24 to $26 per share for a $330 million offering.
  6. HomeStreet, plans to offer 7.8 million shares at $22 to $24 per share.
  7. Loyalty Enterprise, a China-based provider of direct marketing and customer loyalty programs for mobile carriers such as China Unicom and China Telecom, plans to offer 5.03 million ADRs at $14 to $16 per share.
  8. SandRidge Permian Trust, an oil exploration and production company, plans to offer 31.5 million shares at $19 to $21 per share for a $630 million offering.
  9. Timwe, a Lisbon, Portugal-based mobile monetization company, plans to offer 11.25 million shares at $12 to $14 each.
  10. Postponed from last week: Midland States Bancorp, an Effingham, IL-based bank holding company, plans to offer 5 million shares at $15 to $17 per share for a $80 million offering.
  11. Postponed from last week: WageWorks, San Mateo, Calif.-based provider of employee health and commuter spending benefits programs, plans to offer 5.77 million shares at $8 to $9 per share, after cutting its expected from from $12 to $14 per share, for a $49 million offering at the middle of the range.
  12. Postponed from last week: WhiteGlove Health, a low-cost primary and chronic care provider, plans to offer 2.5 million shares at $9 to $13 per share for a $27.5 million offering.

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