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The IPO calendar is loaded this week as 13 companies make their public debut.
This year has been the busiest year for the IPO market since the "dot-com" era of 1999 through 2001, as 124 companies have gone public through the first two weeks of June.
The healthcare sector has seen the most IPOs of any sector in 2014, with 44 newly public companies. That trend continues this week as eight healthcare companies will be holding initial public offerings. The energy sector also has a busy week as three energy companies will make their public debuts.
For investors, a busy calendar means there are 13 new companies to potentially invest in. Here's the story behind each of this week's deals…
IPO Calendar: This Week's 13 IPOs
Markit Ltd. (Nasdaq: MRKT) provides its clients with bond information and derivatives trading options. Headquartered in London, MRKT will be holding the largest IPO of the week as it plans to raise $1.1 billion. Markit will be offering 45.7 million shares at a range of $12 to $14 per share. If MRKT raises the $1.1 billion, it will have a market capitalization of approximately $4.4 billion. In the last year, the company has reported revenue of $968 million. MRKT will make its public debut on the Nasdaq on Thursday, June 19.
Eclipse Resources Corp. (NYSE: ECR) is an oil and natural gas company that operates primarily in the Appalachian Basin. ECR will begin trading on the New York Stock Exchange on Friday, June 20. Through its IPO, ECR plans to raise $864 million by offering 30.3 million shares at a $27 to $30 range. In the last year, ECR reported revenue of $45 million. After the IPO, ECR is expected to have a market value of approximately $4.6 billion.
Foresight Energy LP (NYSE: FELP) is a bituminous thermal coal producer that operates exclusively in the Illinois Basin, which is the fastest-growing coal-producing region in the United States. Through its IPO, FELP plans to raise $350 million by offering 17.5 million shares at a $19 to $21 range. Last year, FELP reported revenue of $968 million, and the company is expected to have a market value of $2.6 billion following the deal. FELP will make its public debut on the NYSE on Wednesday, June 18.
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