IPO Calendar 2014 Update: Following June's slow start, the IPO calendar is once again loaded this week as eight companies make their public debut.
Just two companies held IPOs last week, in what was one of the slowest weeks of 2014. This year has been the busiest for IPOs since the "dot-com" era of 1999-2001, with 117 companies already debuting year to date.
And for investors, that's meant an abundance of investment opportunities as the average IPO has returned a 13.2% gain so far this year, according to Renaissance Capital.
For investors looking to profit from the IPO market this week, here are the eight companies making their public debut.
Memorial Resource Development Corp. (Nasdaq: MRD) is an oil and gas company that exploits, develops, and acquires natural gas, natural gas liquids, and oil properties. The company works primarily in northern Louisiana on the Terryville Complex. MRD plans to raise approximately $612 million in its IPO by selling 36 million shares at a range of $16 to $18 per share. That would give the company a market valuation of $3.3 billion. In the last year, the company reported revenue of $270 million. MRD will begin trading on the Nasdaq on Friday, June 13.
Abengoa Yield Plc (Nasdaq: ABY) is a dividend growth-oriented company that owns renewable and conventional power and electric transmission assets. Through its IPO, Abengoa plans to raise $601 million by offering 23.1 million shares at a $25 to $27 range. The company booked revenue of $242 million in the last year, and ABY is expected to have a market valuation near $2.1 billion following the initial public offering. The UK-based company will begin trading on Friday, June 13.
Trinseo S.A. (NYSE: TSE) is a manufacturer of specialty polymers and plastics that is currently owned by Bain Capital. The company plans to raise $180 million by offering 10 million shares at a range of $17 to $19 per share. In the last year, TSE reported revenue of $5.3 billion and is expected to have a market value of approximately $855 million following the deal. TSE will make its public debut on the New York Stock Exchange on Thursday, June 12.
But those aren't this week's only IPOs. Check out these five other investment opportunities... (non-Money Morning Members, sign up for free now to keep reading)
Aspen Aerogels Inc. (NYSE: ASPN) manufactures the high-performance aerogel insulation that is frequently used in energy facilities. ASPN is looking to raise $100 million through its IPO by selling 6.7 million shares at a $14 to $16 range. By reaching that total, the company will have a market valuation of approximately $331 million. In the last year, ASPN reported revenue of $91 million. ASPN is based in Houston, Texas, and will begin trading on the NYSE on Friday, June 13.
MobileIron Inc. (Nasdaq: MOBL) operates a mobile IT platform that allows companies to secure and manage their mobile applications, content, and devices. Through its IPO, MOBL plans to raise $100 million by offering 11.1 million shares at a range of $8 to $10 per share. Following the deal, MOBL is expected to have a market value of $763 million. In the last year, MOBL reported revenue of $93 million. MobileIron will begin trading on the Nasdaq on Thursday, June 12.
Nordic American Offshore Ltd. (NYSE: NAO) acquires and operates platform supply vehicles (PSVs), which are used in transporting supplies and equipment to and from offshore drilling rigs. NAO plans to raise $100 million in its IPO by offering 5.9 million shares at a $16 to $18 range. Following the deal, the company is expected to have a market value of $383 million. In the last year, NAO has reported revenue of $1 million. NAO will make its public debut on Thursday, June 12.
Zhaopin Ltd. (NYSE: ZPIN) is a Chinese career website that plans to raise $76 million by offering 5.6 million shares at a range of $12.50 to $14.50. ZPIN will begin trading on the NYSE on Friday, June 13.
Signal Genetics (Nasdaq: SGNL) is a molecular diagnostic company that plans to raise $16.5 million by offering 1.5 million shares at a range of $10 to $12. SGNL will begin trading on the Nasdaq on Thursday, June 12.
Do you plan on investing in any of this week's eight IPOs? Let us know on Twitter @moneymorning using #IPOs.
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