6 IPOs Planned for This Week
Renaissance Capital IPO Research submits:
The following IPOs are expected to price this week: China Kanghui Holdings (KH), the #2 China-based manufacturer and marketer of orthopedic implants, plans to raise $68 million by offering 6.7 million ADSs at a price range of $9.25-$11.25. At the mid-point of the proposed range, China Kanghui will command a market value of $223 million. China Kanghui, which was founded in 1997, booked $29 million in sales over the last 12 months. The Changzhou-based company plans to list on the NYSE under the symbol KH. Morgan Stanley (MS) and Piper Jaffray (PJC) are the lead underwriters on the deal.DLC Realty Trust (DLC), a self-managed REIT with a portfolio of 86 value-focused shopping centers, plans to raise $500 million by offering 31.3 million shares at a price range of $15-$17. At the mid-point of the proposed range, DLC Realty Trust will command a market value of $849 million. DLC Realty Trust, which was founded in 1991, booked $163 million in sales over the last 12 months. The Tarrytown, NY-based company plans to list on the NYSE under the symbol DLC. BofA Merrill Lynch (BAC) and Barclays Capital (BCS) are the lead underwriters on the deal.MakeMyTrip Limited (MMYT), the largest online travel company in India, plans to raise $65 million by offering 5 million shares at a price range of $12-$14. At the mid-point of the proposed range, MakeMyTrip will command a market value of $469 million. MakeMyTrip, which was founded in 2000, booked $84 million in sales over the last 12 months. The Haryana-based company plans to list on the NASDAQ under the symbol MMYT. Morgan Stanley is the lead underwriter on the deal.Complete Story »
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