4 IPOs Planned for This Week
Renaissance Capital IPO Research submits:
The following IPOs are expected to price this week: Alpha and Omega Semiconductor (AOSL), which develops power management chips for notebooks PCs and consumer electronics, plans to raise $91 million by offering 5.1 million shares at a price range of $17-$19. At the mid-point of the proposed range, Alpha and Omega will command a market value of $442 million. Alpha and Omega Semiconductor, which was founded in 2000, booked $225 million in sales last year. The Sunnyvale, CA-based company plans to list on the NASDAQ under the symbol AOSL. Deutsche Bank Securities and Piper Jaffray are the lead underwriters on the deal.Convio (CNVO), which provides on-demand marketing software to 1,300 nonprofit organizations, plans to raise $56 million by offering 5.1 million shares at a price range of $10-$12. At the mid-point of the proposed range, Convio will command a market value of $205 million. Convio, which was founded in 1999, booked $63 million in sales last year. The Austin, TX-based company plans to list on the NASDAQ under the symbol CNVO. Thomas Weisel Partners and Piper Jaffray are the lead underwriters on the deal.Complete Story »
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