The IPO calendar is loaded again this week with nine companies making their public debut in the United States.
While the healthcare industry has seen the most IPOs this year, this week's calendar is full of tech companies making their initial public offering.
According to research firm Renaissance Capital, 45 IPOs have already been priced this year in the United States, a 96% increase from this time last year.
Here are the IPOs to watch this week.
March 2014 IPO Calendar
Paylocity Holding Corp. (Nasdaq: PCTY) provides cloud-based payroll and human capital management services to medium-sized companies. Paylocity serves more than 6,850 clients in the United States. The company will make its public debut on Wednesday, March 19, and will be offering nearly 6.7 million shares at a range of $14 to $16. Paylocity is expected to have a market value of around $765 million. The company was founded in 1997 and reported $91 million in sales in the last 12 months.
Mediwound Ltd. (Nasdaq: MDWD) is a biopharmaceutical company that develops therapies for severe wounds, particularly burns. Mediwound will begin trading on the Nasdaq on Thursday, March 20. The company is looking to raise approximately $75 million in its IPO by offering 5 million shares at a range of $14 to $16. Credit Suisse Group (NYSE: CS), BMO Capital Market Corp., and Jefferies LLC are the lead underwriters on the deal.
Q2 Holdings Inc. (NYSE: QTWO) provides cloud-based virtual banking services to its client base comprised mostly of community banks. Q2 will be selling 7.8 million shares at a range of $11 to $13 per share, as it attempts to raise $93 million. At the midpoint of that range, QTWO will be valued at $433 million. QTWO will begin trading on the New York Stock Exchange on Thursday, March 20.