7 IPOs Planned for This Week
Renaissance Capital IPO Research submits:
The following IPOs are expected to price this week: Apollo Residential Mortgage (AMTG), an Apollo-managed REIT recently formed to invest in residential mortgage assets, plans to raise $200 million by offering 10 million shares at an estimated price of $20 per share. Under the proposed terms, Apollo Residential Mortgage will command a market value of $205 million. Apollo Residential Mortgage was founded in 1990. The New York, NY,-based company plans to list on the NYSE under the symbol AMTG. Morgan Stanley (MS), Credit Suisse (CS) and JP Morgan (JPM) are the lead underwriters on the deal.Francesca's Holdings (FRAN), which operates a chain of trendy women's boutiques with 249 locations in 38 states, plans to raise $150 million by offering 10 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Francesca's Holdings will command a market value of $681 million. Francesca's Holdings,Complete Story »
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