IPOs this week (26 March 2012): 10 companies scheduled

The following companies are scheduled to IPO this week:

1. Annie's (BNNY), which is a leading organic and natural packaged food company known for its mac-n-cheese, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Annie's would command a market value of $263 million. Annie's, which was founded in 1989, booked $135 million in sales over the last 12 months. The Berkeley, CA-based company plans to list on the NYSE under the symbol BNNY. Credit Suisse and J.P. Morgan are the joint bookrunners on the deal.
2. CafePress (CPRS), which has e-commerce sites where customers create, buy and sell personalized products, plans to raise $77 million by offering 4.5 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, CafePress would command a market value of $304 million. CafePress, which was founded in 1999, booked $175 million in sales over the last 12 months. The San Mateo, CA-based company plans to list on the NASDAQ under the symbol CPRS. J.P. Morgan and Jefferies & Co. are the joint bookrunners on the deal.
3. Enphase Energy (ENPH), which is a leading provider of microinverter solutions for the solar industry, plans to raise $80 million by offering 7.3 million shares at a price range of $10.00 to $12.00. At the midpoint of the proposed range, Enphase Energy would command a market value of $435 million. Enphase Energy, which was founded in 2006, booked $150 million in sales over the last 12 months. The Petaluma, CA-based company plans to list on the NASDAQ under the symbol ENPH. Morgan Stanley, BofA Merrill Lynch and Deutsche Bank Securities are the joint bookrunners on the deal.
4. GasLog (GLOG), which operates 14 carriers for natural gas shipping, plans to raise $400 million by offering 23.5 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, GasLog would command a market value of $1.07 billion. GasLog, which was founded in 2001, booked $66 million in sales over the last 12 months. The Monaco-based company plans to list on the NYSE under the symbol GLOG. Goldman, Sachs & Co., Citi, J.P. Morgan and UBS Investment Bank are the joint bookrunners on the deal.
5. Luca Technologies Inc. (LUCA), which uses biotechnology to create and produce coalbed methane (natural gas), plans to raise $102 million by offering 8.5 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Luca Technologies Inc. would command a market value of $352 million. Luca Technologies Inc., which was founded in 2003, booked $1 million in sales over the last 12 months. The Golden, CO-based company plans to list on the NASDAQ under the symbol LUCA. Citi, Piper Jaffray and Raymond James are the joint bookrunners on the deal.
6. Merrimack Pharmaceuticals (MACK), which uses its Network Biology system to discover and develop cancer treatments, plans to raise $100 million by offering 14.3 million shares at a price of $7.00. At the midpoint of the proposed range, Merrimack would command a market value of $737 million. Merrimack, which was founded in 1993, booked $34 million in revenue over the last 12 months. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol MACK. J.P. Morgan is the bookrunner on the deal.
7. Millennial Media (MM), a second largest mobile advertising platform in the US, plans to raise $102 million by offering 10.2 million shares at a price range of $9.00 to $11.00. At the midpoint of the proposed range, Millennial Media would command a market value of $818 million. Millennial Media was founded in 2006. The Baltimore, MD-based company plans to list on the NYSE under the symbol MM. Morgan Stanley, Goldman, Sachs & Co. and Barclays Capital are the joint bookrunners on the deal.
8. Regional Management (RM), which offers installment, auto and furniture/appliance loans to underbanked consumers, plans to raise $76 million by offering 4.2 million shares at a price range of $17.00 to $19.00. At the midpoint of the proposed range, Regional Management would command a market value of $226 million. Regional Management, which was founded in 1987, booked $105 million in sales over the last 12 months. The Greenville, SC-based company plans to list on the NYSE under the symbol RM. Jefferies & Co. and Stephens Inc. are the joint bookrunners on the deal.
9. Rexnord Corporation (RXN), which manufactures power transmission and water management products, plans to raise $450 million by offering 23.7 million shares at a price range of $18.00 to $20.00. At the midpoint of the proposed range, Rexnord Corporation would command a market value of $1.87 billion. Rexnord Corporation, which was founded in 1891, booked $1.88 billion in sales over the last 12 months. The Milwaukee, WI-based company plans to list on the NYSE under the symbol RXN. BofA Merrill Lynch, Goldman, Sachs & Co., Credit Suisse and Deutsche Bank Securities are the joint bookrunners on the deal.
10. Vocera Communications (VCRA), which provides a mobile communications platform for hospitals and healthcare facilities, plans to raise $75 million by offering 5.8 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Vocera Communications would command a market value of $283 million. Vocera Communications was founded in 2000. The San Jose, CA-based company plans to list on the NYSE under the symbol VCRA. J.P. Morgan and Piper Jaffray are the joint bookrunners on the deal.

Last week, there were 7 IPO pricings. ExactTarget (ET), which provides on-demand interactive marketing solutions to 4,700 clients, was the week's winner, ending up 39% from its IPO price.