There are nine upcoming IPOs in the last full week of the first quarter. They're expected to raise a combined $627 million.
The biggest IPO to watch this week is Cellectis SA (Nasdaq: CLLS). Cellectis is a gene-editing company developing cancer immunotherapies based on T cells, which play a central role in disease immunity.
The French company was founded in 2000 and has publicly traded in Paris since 2007. It hopes to raise $129 million by offering 3.5 million American Depository Shares (ADSs) - shares of a foreign company on a U.S. exchange that are unaffected by currency conversions. It has gained 187% so far this year on Paris' Euronext Market. CLLS is valued at $1.2 billion and will begin trading in the United States on Thursday, March 26.
Cancer immunotherapy companies have been on a tear lately. Kite Pharma Inc. (Nasdaq: KITE) has soared 148% since its June 2014 IPO. Since going public in December, Juno Therapeutics Inc. (Nasdaq: JUNO) is up 75.8%. Bellicum Pharmaceuticals Inc. (Nasdaq: BLCM) priced above its $15 to $17 range at $19 and has gained 32.6% since its December debut.
Here's a look at the rest of the upcoming IPOs on this week's IPO calendar...
This Week's Eight Other Upcoming IPOs
SolarEdge Technologies Inc. (Nasdaq: SEDG) provides inverter panel systems geared toward increasing energy output from solar power. The Israel-based company sells its products to solar installers, construction firms, and large distributors. SolarEdge enters a growing market for replacing traditional energy inverters and has contracts with big commercial sellers, including SolarCity Corp. (Nasdaq: SCTY) and Vivint Solar Inc. (NYSE: VSLR). The company plans to raise $119 million by offering 7 million shares at a price range of $16 to $18. It has a $733 million valuation and will hit the market on Thursday, March 26.
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Jernigan Capital LLC (NYSE: JCAP) is a recently formed mortgage real estate investment trust (REIT). The Miami-based company owns and leases self-storage facilities. Jernigan plans to raise $100 million by selling 5 million shares at a $19 to $21 price range. JCAP is valued at $105 million and will begin trading on Friday, March 27.
REIT IPOs have flooded the market in the last six months. Notable names include Paramount Group Inc. (NYSE: PGRE) - the largest U.S. REIT IPO ever - and Store Capital Corp. (NYSE: STOR). Both are up 5.3% and 9% this year, respectively.
Valeritas Inc. (Nasdaq: VLRX) develops disposable devices that deliver insulin treatments for Type 2 diabetes. The device, called the V-Go, makes insulin therapy easier by eliminating electronics, batteries, and programming. It hopes to raise $75 million by offering 5 million shares at a price range of $14 to $16. It has a market valuation of $241 million. The Bridgewater, N.J.-based company was scheduled to price its IPO on March 20 but decided to delay its offering. VLRX will begin trading sometime this week.
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Franklin Financial Network Inc. (NYSE: FSB) is a commercial bank with 11 branches and $1.4 billion in assets. The company plans to raise $61 million by selling 2.4 million shares at a $24 to $27 price range. FSB is valued at $278 million and will debut sometime this week. The Tennessee-based bank follows Avenue Financial Holdings Inc. (Nasdaq: AVNU), up 3.7% since its February IPO.
Wowo Ltd. (Nasdaq: WOWO) is set for a $60 million deal and will offer 6 million shares at a $9 to $11 price range. WOWO's debut has been delayed several times and is now being marketed as a "best efforts offering," which are mainly used for high-risk deals. It plans to hit the market sometime this week.
ViewRay Inc. (Nasdaq: VRAY) plans to generate $52 million by selling 4 million shares at a price range of $12 to $14. VRAY stock will debut Thursday, March 26.
Tantech Holdings Ltd. (Nasdaq: TANH) hopes to raise $16 million by offering 3.2 million shares at a $4 to $6 price range. The company will begin trading sometime this week.
Yulong Eco-Materials Ltd. (Nasdaq: YECO) plans to raise $15 million by offering 2.25 million shares at a $6.25 to $7.25 price range. YECO will hit the market sometime this week.
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