It's another busy week on the IPO calendar as 10 companies make their public debut in the United States.
But none will receive the attention that King Digital Entertainment will when it hits the New York Stock Exchange on Wednesday, March 26. The mobile game developer expects to raise approximately $500 million in its initial public offering.
While King might grab the headlines, there are nine other companies that will debut this week. Here's an overview of all 10.IPO Calendar 2014: 10 Companies Hitting the Market
King Digital Entertainment PLC (NYSE: KING) has been grabbing headlines for months, and the "Candy Crush" developer is looking to raise $500 million by offering more than 22 million shares at a range of $21 to $24 per share. That range would give KING a market value of $7.4 billion. KING will begin trading on the New York Stock Exchange on Wednesday, March 26. In the last year, KING has reported revenue of almost $1.9 billion.
1347 Property Insurance Holdings Inc. (Nasdaq: PIH) provides property and casualty insurance in Louisiana and will begin trading on the Nasdaq on Wednesday, March 26. PHI plans to offer more than 2.2 million shares at a range of $10 to $12. Aegis Capital Corp. has served as the lead underwriter on the deal.
Nord Anglia Education Inc. (NYSE: NORD) will also hit the New York Stock Exchange on Wednesday, March 26. NORD is offering 19 million shares at a range of $15 to $17 per share. By raising the proposed $304 million, NORD would have a market value of approximately $1.5 billion. NORD operates 27 premium schools across the world and educates more than 17,000 students in total.
Trinet Group Inc. (NYSE: TNET) provides human resources services to small and medium-sized companies that outsource their HR department. In its initial public offering, TNET plans to raise approximately $240 million by offering 15 million shares at a $15 to $17 range. That price range would give TNET a market value of $1.2 billion. The IPO is scheduled for Thursday, March 27, and the stock will be listed on the New York Stock Exchange.
Applied Genetic Technologies Corp. (Nasdaq: AGTC) is a clinical-stage biotech firm that develops therapies for ophthalmologic orphan diseases. The company will make its public debut on the Nasdaq on Thursday, March 27. AGTC is planning to raise $50 million by offering 3.6 million shares at a $13 to $15 range. AGTC is one of the smaller companies going public this week and should have a market value near $188 million.
Square 1 Financial Inc. (Nasdaq: SQBK) will begin trading on the Nasdaq on Thursday, March 27. Square 1 provides banking services to its client base of venture-backed firms. SQBK's IPO should raise around $94 million as the company offers 5.9 million shares at a $15 to $17 range. In the past 12 months, the company has brought in $102 million in revenue. SQBK has an expected market value of $465 million.
CBS Outdoor Americas Inc. (NYSE: CBSO) is one of four companies making their public debut on Friday, March 28. CBS Outdoor Americas is a spin-off of CBS' advertising division. The company will offer 20 million shares at a range of $26 to $28 per share. If the company raises its proposed $540 million, it will have a market cap of $3.2 billion. CBSO will trade on the New York Stock Exchange.
2U Inc. (Nasdaq: TWOU) provides nonprofit universities with a cloud-based platform that allows them to more easily deliver online degree programs. When the company begins trading on the Nasdaq this Friday, March 28, it will be offering 9.2 million shares at an $11 to $13 range. TWOU should have a market value of approximately $533 million if it raises its projected $110 million this week.
Aerohive Networks Inc. (NYSE: HIVE) provides a cloud-managed mobile networking platform that is used by more than 13,000 customers worldwide. HIVE will offer 7.5 million shares at a range of $9 to $11. At the midpoint of that range, HIVE will raise $75 million in its IPO and have a market value of $479 million. HIVE is expected to begin trading on the New York Stock Exchange on Friday, March 28.
Everyday Health Inc. (NYSE: EVDY) will be making its public debut on Friday, March 28, and will trade on the New York Stock Exchange. EVDY provides digital health and wellness content to an estimated 500,000 healthcare professionals. The company is looking to raise $100 million by selling 7.1 million shares at a range of $13 to $15. EVDY is expected to have a market value of $454 million.
Will you be investing in any of the companies going public this week? Which IPOs interest you the most? Let us know on Twitter @moneymorning using #IPOs.
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