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According to Renaissance Capital, 104 IPOs have already been priced in the United States in 2014, which is up 76% from last year. This is another busy week on the IPO calendar as eight companies make their initial public offering.
The biggest IPO this week is from the Chinese e-commerce company Jumei International Holding (NYSE: JMEI), which is looking to raise $195 million when it hits the market on Friday, May 16. But that's not the only opportunity for investors looking to play the IPO market this week.
Take a look at this week's upcoming IPOs and the details of each deal…
IPO Calendar 2014: These 8 Companies Are Coming to Market
Jumei International Holding (NYSE: JMEI) is China's largest online retailer of beauty products and had a market share of 22% in 2013. The website Jumei.com was launched in 2010, and last year the company reported revenue of $483 million. JMEI is planning the largest U.S. IPO this week and will try to raise $195 million by selling 9.5 million shares at a range of $19.50 to $21.50 per share. The company is expected to have a valuation of $3.3 billion following the IPO. JMEI will begin trading on the New York Stock Exchange (NYSE) on Friday, May 16.
TrueCar Inc. (Nasdaq: TRUE) operates a website, TrueCar.com, that allows users to get market-based pricing information on vehicles and receive a guaranteed price from approved dealerships. TRUE plans to raise $101 million in its IPO by selling 7.8 million shares at a range of $12 to $14. The company reported revenue of $153 million in the last year and is expected to have a market value of $1.1 billion. TRUE will make its public debut on the Nasdaq on Friday, May 16.
Zendesk Inc. (NYSE: ZEN) is a software-as-a-service (SaaS) company that provides customer service support to more than 42,000 clients. In its initial public offering, Zendesk will offer 11.1 million shares at an $8 to $10 range. At the midpoint of that range, that company will raise approximately $100 million and reach a market valuation of $712 million. In the past year, ZEN has reported $83 million in revenue. ZEN will hit the NYSE on Thursday, May 15.