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The Alibaba IPO from last week was the largest initial public offering in history, raising $25 billion after the company's underwriters exercised an option to increase the IPO by 15%. Alibaba had initially raised $21.8 billion before the "greenshoe" option was applied.
The Citizens Financial IPO is the largest deal this week, as the banking company looks to raise $3.4 billion. At that price, the Citizens IPO will also be the second-largest initial public offering of 2014, ahead of the $2.88 billion IPO of Synchrony Financial (NYSE: SYF) from July.
But that's not the only big IPO this week. Four other initial public offerings this week are all looking to raise at least $450 million. All 14 IPOs this week are expected to raise a combined $7 billion.
Here are this week's 14 upcoming IPOs, and the details behind each deal…
This Week's 14 upcoming IPOs
Citizens Financial Group (NYSE: CFG) is looking to hold the second-largest IPO of 2014. CFG plans to raise $3.4 billion by offering 140 million shares at a $23 to $25 price range. Citizens Financial is the U.S. banking arm of the Royal Bank of Scotland Group (NYSE: RBS) and has 1,230 branches mostly in the Northeast and Midwest. In the last year, CFG had revenue of $5 billion and the company is expected to have a market valuation of $13.4 billion at the time of the IPO. CFG stock will begin trading on the New York Stock Exchange on Wednesday, Sept. 24.
Grupo Aval Acciones y Valores S.A. (Nasdaq: AVAL) is Colombia's biggest banking group, and has roughly $86 billion in assets. AVAL should be another billion-dollar IPO this week, as the company plans to raise $1.1 billion by offering 73.5 million shares for $14.96 each. Last year, AVAL had $5.4 billion in sales. After the IPO, analysts project a market cap of roughly $15 billion. Currently, AVAL trades on the Colombia Stock Exchange under the ticker PFAVAL. It will make its debut on the Nasdaq on Wednesday, Sept. 24.
Vantage Energy (NYSE: VEI) is an oil and gas company that operates in the Marcellus Shale formation in the Northeast and the Barnett Shale formation in Texas. VEI is looking to raise roughly $601 million by offering 23.6 million shares at a range of $24 to $27. Following the IPO, VEI is expected to have a market cap of $1.9 billion. Last year, the company reported revenue of $48 million. VEI stock will begin trading on the NYSE on Thursday, Sept. 25.
Money Morning Members: Continue reading for the rest of this week's upcoming IPOs…