It's another busy week on the IPO calendar, as 11 companies make their public debut. But the IPO of the Chinese social media company Weibo Corp. (Nasdaq: WB) is the one that bears watching most.
Weibo is a micro-blogging site that operates similarly to Twitter Inc. (NYSE: TWTR). It's owned by the Chinese media company Sina Corp. (Nasdaq: SINA) and reported revenue of $188 million in the past year. The company plans to raise $360 million in its IPO by offering 20 million shares at a range of $17 to $19.
The social media company has reported improving profit margins, but the number of micro-bloggers in China slipped in 2013. That's a trend that Weibo investors will take into account this week.
Another reason for concern is the Weibo IPO comes at a time when technology stocks have been hit hard. In the month of April, the Nasdaq Composite has slid 4%, which may cause nervous tech investors to avoid this IPO.
While Weibo may get the most attention, it isn't the only IPO hitting the market this week. Take a look at the 10 others to watch...
IPOs to Watch This Week
Sabre Corp. (Nasdaq: SABR) is the biggest IPO this week, attempting to raise $850 million. Sabre is a technology solutions provider that works with the global travel and tourism industry. Last year, the company had revenue of $3 billion. SABR will offer 44.7 million shares at a range of $18 to $20 per share. Raising $850 million would give Sabre a market value of $4.9 billion. SABR shares will begin trading on the Nasdaq on Thursday, April 17.
Moelis & Co. (NYSE: MC) is an investment bank that provides a variety of financial and strategic services. In the last year, Moelis' revenue was $411 million. MC plans to raise $201 million by offering 7.3 million shares at $26 to $29 range. The company expects to have a market value of $1.6 billion following the deal. MC will make its public debut on the New York Stock Exchange on Wednesday, April 16.
This next one is another Chinese company that's succeeding from the country's growing e-commerce presence...
Leju Holdings Ltd. (NYSE: LEJU) plans to raise $195 million in its IPO by selling 17.7 million shares at a range of $10 to $12. LEJU's revenue in 2013 was $335 million, and the company should have a market value of $1.6 billion following the IPO. Leju is an "offline-to-online" real estate services provider in China. The firm provides real estate e-commerce, online advertising, and online listing services. In the last year, LEJU reported revenue of $335 million. LEJU stock will go public on Thursday, April 17.
Opus Bank (Nasdaq: OPB) is a regional-commercial bank that operates in California. The company plans to raise $187 million in its IPO by offering 5.8 million shares at a range of $31 to $34. Opus' revenue total last year was $145 million, and the company expects to reach a valuation of $1.1 billion in its IPO. The company will make its public debut on the Nasdaq on Wednesday, April 16.
Sportsman's Warehouse Holdings Inc. (Nasdaq: SPWH) plans to raise $150 million in its public offering by selling 12.5 million shares at an $11 to $13 range. That would give the company a valuation of $510 million. Sportsman's Warehouse is the largest outdoor sporting goods retailer in the Western United States and reported revenue of $643 million last year. SPWH will begin trading on the Nasdaq on Thursday, April 17.
Other Companies Going Public This Week
Paycom Software Inc. (NYSE: PAYC) will debut on Tuesday, April 15. PAYC plans to raise $126 million by offering 6.6 million shares at a range of $18 to $20.
City Office REIT Inc. (NYSE: CIO) will debut on Tuesday, April 15. CIO plans to raise $100 million by offering 6.7 million shares at a range of $14 to $16.
Trivascular Technologies Inc. (Nasdaq: TRIV) will debut on Wednesday, April 16. TRIV plans to raise $91 million by offering 6.5 million shares at a range of $13 to $15.
Quotient Ltd. (Nasdaq: QTNT) will debut on Wednesday, April 16. QTNT plans to raise $75 million by offering 5 million shares at a range of $14 to $16.
Vital Therapies Inc. (Nasdaq: VTL) will debut on Thursday, April 17. VTL plans to raise $63 million by offering 4.5 million shares at a range of $13 to $15.
Will you be investing in any of this week's 11 IPOs? Join the conversation on Twitter @moneymorning using #IPOs.
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