According to Renaissance Capital, 104 IPOs have already been priced in the United States in 2014, which is up 76% from last year. This is another busy week on the IPO calendar as eight companies make their initial public offering.
The biggest IPO this week is from the Chinese e-commerce company Jumei International Holding (NYSE: JMEI), which is looking to raise $195 million when it hits the market on Friday, May 16. But that's not the only opportunity for investors looking to play the IPO market this week.
Take a look at this week's upcoming IPOs and the details of each deal...IPO Calendar 2014: These 8 Companies Are Coming to Market
Jumei International Holding (NYSE: JMEI) is China's largest online retailer of beauty products and had a market share of 22% in 2013. The website Jumei.com was launched in 2010, and last year the company reported revenue of $483 million. JMEI is planning the largest U.S. IPO this week and will try to raise $195 million by selling 9.5 million shares at a range of $19.50 to $21.50 per share. The company is expected to have a valuation of $3.3 billion following the IPO. JMEI will begin trading on the New York Stock Exchange (NYSE) on Friday, May 16.
TrueCar Inc. (Nasdaq: TRUE) operates a website, TrueCar.com, that allows users to get market-based pricing information on vehicles and receive a guaranteed price from approved dealerships. TRUE plans to raise $101 million in its IPO by selling 7.8 million shares at a range of $12 to $14. The company reported revenue of $153 million in the last year and is expected to have a market value of $1.1 billion. TRUE will make its public debut on the Nasdaq on Friday, May 16.
Zendesk Inc. (NYSE: ZEN) is a software-as-a-service (SaaS) company that provides customer service support to more than 42,000 clients. In its initial public offering, Zendesk will offer 11.1 million shares at an $8 to $10 range. At the midpoint of that range, that company will raise approximately $100 million and reach a market valuation of $712 million. In the past year, ZEN has reported $83 million in revenue. ZEN will hit the NYSE on Thursday, May 15.
ServisFirst Bancshares (Nasdaq: SFBS) is a commercial bank that operates in Alabama, Florida, and Tennessee. SFBS is only offering 600,000 shares in its IPO, but the shares will be priced at a high range of $91 to $93. The company expects to raise $58 million through the IPO and have a market value of $793 million. The company reported revenue of $127 million last year. SFBS has not announced an official date for its IPO.
Bankwell Financial Group (Nasdaq: BWFG) is another commercial bank hitting the market this week. BWFG operates seven offices in Connecticut. BWFG plans to raise $50 million by offering 2.2 million shares at a range of $21 to $24 per share. The company had $30 million in revenue in the last year and will have a market cap of $141 million following the deal. BWFG will begin trading on the Nasdaq on Wednesday, May 14.
SD Company (NYSE: SDPI) is a manufacturer of drill bits that are used in oil and natural gas mining. In its IPO, SDPI plans to raise $30 million by offering 5 million shares at a range of $5 to $7. The company is expecting a market value of $86 million. Last year, SDPI had revenue of $12 million. No official date has been set for the SDPI IPO.
ECM Energy Services (NYSE: ECME) rents oil and gas equipment to companies across the United States and reported revenue of $33 million in the last year. ECME will offer 2.5 million shares at a range of $7 to $9 in hopes of raising $20 million. The company is expecting a market value of $60 million when it hits the NYSE this week. No official date has been set.
Tecogen (Nasdaq: TGEN) sells natural gas powered systems that produce electricity, hot water, and air conditioning for commercial installations and industrial processes. TGEN is the smallest IPO this week as the company looks to raise $11 million by selling 2 million shares at a range of just $4.75 to $5.75 per share. The company had $16 million in revenue last year and has not announced an official date for its IPO.
Will you be investing in any of this week's eight IPOs? Join the conversation on Twitter @moneymorning using #IPOs.
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