This week's IPO calendar has eight companies making their public debut, and the GrubHub IPO will steal most of the headlines.
GrubHub Inc. (NYSE: GRUB) allows users to place pick-up and delivery orders for restaurants either online or through a smartphone app. Currently, it is the largest online food delivery services provider in the United States.
At the end of 2013, the company reported 3.4 million active users and worked with 29,000 restaurants. The company averaged around 135,000 orders processed daily in 2013.
GrubHub plans to raise $148 million by offering 7 million shares at a range of $20 to $22. By meeting that total, GrubHub will have a valuation of $1.8 billion. GrubHub will hit the New York Stock Exchange on Thursday, April 3. Citigroup Inc. (NYSE: C), Morgan Stanley (NYSE: MS), and Allen & Co. are serving as the lead underwriters on the deal.
While the GrubHub IPO may get the most attention this week, there are seven other IPOs that investors can get in on...2014 IPO Calendar: 7 More Hot Debuts
SCYNEXIS Inc. (Nasdaq: SCYX) will be the first company to go public this week when it makes its debut on March 31. SCYNEXIS is a pharmaceutical company that discovers and develops treatments for various infections. Its lead candidate is an oral and intravenous therapy for the treatment of fungal infections. SCYX plans to raise $55 million by selling 4.2 million shares at a range of $12 to $14. If SCYX meets the midpoint of that range, it will still be a small company with a market value of just $210 million. The company is 15 years old and reported revenue of $17 million in the last year.
Rubicon Project Inc. (NYSE: RUBI) automates the buying and selling of advertising space for its clients. Its lead software, "Advertising Automation Cloud," is used by more than 600 million Internet users worldwide. Rubicon will begin trading on the New York Stock Exchange Tuesday, April 1. RUBI plans to offer approximately 6.8 million shares at a range of $15 to $17 per share. If the company raises its desired $108 million, it will reach a market value of $674 million. The company was founded in 2007 and had revenue of $84 million last year.
Corium International Inc. (Nasdaq: CORI) will begin trading on the Nasdaq on Wednesday, April 2. CORI is a commercial-stage pharmaceutical company that focuses on adhesive and transdermal drug delivery systems. The company has successfully developed six marketed products and is the sole supplier of each product. The company aims to raise $61 million by offering 5.5 million shares. The shares are expected to be offered at a $10 to $12 range. CORI reported revenue of $48 million in the last year.
Tarena International Inc. (Nasdaq: TEDU) provides professional IT education services in China. The company has an 8.3% market share of its industry, with more than 130,000 students in 500 universities using its services. Tarena will be offering 15.3 million shares at a range of $8 to $10 per share. By raising $138 million in its IPO, TEDU would reach a value of $521 million. TEDU reported revenue of $93 million in the past year and will make its initial public offering on Wednesday, April 2.
Five9 (NYSE: FIVN) will make its public debut on the New York Stock Exchange on Thursday, April 3. Five9 is a cloud-based software company that works mostly with call centers. In its IPO, FIVN plans to offer 10 million shares at a range of $9 to $11 per share. The company is looking to raise approximately $100 million, which would value the firm at around $515 million. FIVN's revenue in the last year was approximately $84 million according to the company.
IMS Health Holdings Inc. (NYSE: IMS) is an IT services company that works mostly with clients in the healthcare field. According to IMS, the company stores more than 500 million medical records in more than 100 countries worldwide. The initial public offering of IMS is the largest of the week, as the company hopes to raise $1.3 billion. IMS is offering 65 million shares at a range of $18 to $21, which would give the company a value of $6.7 billion. IMS had revenue of $2.5 billion in the last year, and the company will be making its public debut on Thursday, April 3.
Opower Inc. (NYSE: OPWR) is the fourth company that will go public on Thursday, April 3. Opower is another software company on this week's list, and it works mostly with clients in the utility industry. The OPWR IPO should raise an expected $110 million when the company offers 6.1 million shares at a range of $17 to $19. The company is expected to reach a valuation just under $1 billion. Opower is one of the younger companies on this week's list, as it was founded in 2007. The company has revenue of $89 million in the last year.
Which of this week's eight IPOs are you most interested in? Join the conversation on Twitter @moneymorning using #IPOs.
Palladium is critical to our consumer electronics products, and we use it hundreds of times every day. Here's how you can profit from its huge price search - a price surge you've created...Tags: Best IPOs 2014, GrubHub IPO, hot ipos, Initial Public Offering, investing in ipos, IPO calendar, IPO Calendar 2014, IPO Dates, ipo dow jones, IPO investing, IPO List, ipo market, IPO market 2014, IPO news, IPO Stock Options, IPOs, ipos 2014, ipos this week, IPOs to watch, IPOs to watch 2014, List of IPOs, nasdaq IPO, nasdaq ipo filings, new ipo nasdaq, new tech ipos, pre ipo stock options, social media IPOs, This week’s IPOs, upcoming ipos, what is an ipo stock