There are 10 companies on this week's upcoming IPO calendar. According to Renaissance Capital, a manager of IPO-focused ETFs, they're expected to raise a combined $1.35 billion.
The most anticipated deal on this week's IPO calendar is Planet Fitness Inc. (NYSE: PLNT).
Planet Fitness is one of the largest franchised gym chains in the United States, with more than 1,000 locations and 7 million members. The chain prides itself on its low costs and "Judgment Free Zone," which the company describes as "an environment where you can relax, go at your own pace, and just do your own thing without ever having to worry about being judged."
Planet Fitness' unique franchise model has provided it with strong cash flow and superior growth. The company posted $299 million in sales between March 2014 and March 2015.
According to the U.S. Securities and Exchange Commission filing, the company hopes to eventually expand to 4,000 U.S. locations. However, its owner, equity firm TSG Consumer Partners, plans to receive all of the IPO proceeds while leaving the company with a huge debt burden. The Planet Fitness IPO hopes to raise $203 million by selling 13.5 million shares at a $14 to $16 price range. It commands a $1.5 billion valuation and will hit the market on Thursday, Aug. 6.
Here are nine more deals on this week's upcoming IPO calendar...
Sunrun Inc. (Nasdaq: RUN) is the second-largest residential solar company in the United States. Founded in 2007, the San Francisco-based company designs, installs, and monitors solar energy systems for home use. Although solar energy stocks have suffered due to low oil and gas prices, Sunrun should benefit from fewer peers thanks to SunEdison Inc.'s (NYSE: SUNE) recent buyout of Vivint Solar Inc. (NYSE: VSLR). The leading residential solar company and Sunrun's closest peer, SolarCity Corp. (Nasdaq: SCTY), is up 395% from its December 2012 IPO. Sunrun is set for a $251 million deal by offering 17.9 million shares at a price range of $13 to $15. The company is valued at $1.5 billion and will begin trading on Wednesday, Aug. 5.
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Philadelphia Energy Solutions Inc. (NYSE: PESC) owns the Philadelphia Energy Solutions Refining Complex. At a processing rate of approximately 335,000 barrels of crude oil per day, the complex is the largest oil refinery on the East Coast. The company reported $12.2 billion in sales from March 2014 to March 2015. Philadelphia Energy will generate $250 million by selling 15.15 million shares at a $15 to $18 price range. It commands a market valuation of $1.3 billion and will debut on Thursday, Aug. 6.
Amplify Snack Brands Inc. (NYSE: BETR) is the health food company behind the hot-selling SkinnyPop brand popcorn. SkinnyPop posted $126.4 million in sales from February 2014 to February 2015, making it the No. 2 player in the ready-to-eat popcorn market behind Smartfood. Amplify still has plenty of room to grow as it begins marketing its recently acquired tortilla brand Paqui. Amplify will raise $225 million by offering 15 million shares at a price range of $14 to $16. The company is valued at $1.1 billion and will start trading on Wednesday, Aug. 5.
Aimmune Therapeutics Inc. (Nasdaq: AIMT) is set for a $125 million deal by selling 8.33 million shares at a $14 to $16 price range. The peanut allergy immunotherapy firm is expected to hit the market on Thursday, Aug. 6. (Editor's Note: Here are four reasons why Aimmune could become one of this month's most compelling IPOs...)
GC Aesthetics Plc. (Nasdaq: GCAA) will generate $75 million by offering 5.35 million shares at a price range of $13 to $15. The breast implant provider will debut on Thursday, Aug. 6.
RiverBanc Multifamily Investors Inc. (Nasdaq: RMI) is set to raise $74 million by selling 3.8 million shares at a $19 to $20 price range. The real estate investment trust (REIT) will begin trading sometime this week.
Benitec Biopharma Ltd. (Nasdaq: BNTC) hopes to generate $65 million by offering 5 million shares for $13.06 each. The Australian biotech will hit the market on Wednesday, Aug. 5.
Zynerba Pharmaceuticals Inc. (Nasdaq: ZYNE) will raise $42 million by selling 3 million shares at a $13 to $15 price range. The cannabinoid-based biotech will debut on Wednesday, Aug. 5.
Intec Pharma Ltd. (Nasdaq: NTEC) is set for a $38 million deal by selling 4.5 million shares for $8.36 each. The Israeli biotech will start trading sometime this week.
Alex McGuire is an associate editor for Money Morning who writes about upcoming IPOs every week. You can follow him on Twitter at @AlexMcGuire92.
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