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IPO Calendar 2014 update: This year, 212 companies have already held IPOs, and the healthcare industry has seen more companies go public than any sector.
Through Monday, 51 healthcare companies have made initial public offerings, accounting for 24% of the total U.S. IPO market.
Healthcare stocks are once again at the forefront of the IPO calendar this week as five of this week's seven IPOs are healthcare companies.
Here's a look at each company hitting the market this week, and the story behind each deal.
This Week's Seven Upcoming IPOs
Ambrx Inc. (Nasdaq: AMBX) is the largest IPO this week as it plans to raise $70 million by selling 5.4 million shares at a $12 to $14 range. AMBX is a biotech company that focuses on the treatment of tumors and other diseases. Last year, AMBX reported revenue of $20 million, and the company is expected to have a valuation of $246 million following its IPO. AMBX has not announced an exact date when its shares will begin trading publicly, but the IPO is expected this week.
Taggares Agriculture Corp. (Nasdaq: TAG) owns and operates apple orchards and vineyards in Washington, Oregon, and Idaho. TAG is looking to raise $46 million in its IPO by selling 7 million shares at a range of $6 to $7. In the last year, TAG had revenue of $8 million. Following the initial public offering, TAG is expected to have a valuation of $54 million. TAG shares will begin trading on the Nasdaq on Tuesday, July 1.
Investar Holding (Nasdaq: ISTR) is a commercial bank that operates 10 branches in Louisiana. ISTR plans to raise $46 million by offering 2.9 million shares at a range of $15 to $17 per share. In the last year, ISTR had revenue of $22 million, and the company is expected to have a market value of $110 million. ISTR stock will begin trading on the Nasdaq on Tuesday, July 1.
Those aren't the only new stocks hitting the market this week. Take a look at the remaining four...