Four IPOs scheduled for this week. The full IPO calendar is available here.
Ruckus Wireless (NYSE:RKUS)
Based in Sunnyvale, CA, Ruckus Wireless (RKUS) scheduled a $118 million IPO with a market capitalization of $1 billion at a price range midpoint of $14, for Friday, November 18, 2012.
RKUS provides Wi-Fi solutions a to service providers and enterprises, worldwide.
RKUS includes an $18 million tax credit to earnings for the nine months ended September 2012, which needs to be backed out for financial analysis.
For the nine months ended September 2012 RKUS's revenue increased 92% to $152 million from $79 million from the same 2011 period. Pre-tax income increased to 900% to $12 million from $1.2 million not counting the tax credit.
Energy & Exploration Partners (ENXP)
Based in Fort Worth, TX, Energy & Exploration Partners (ENXP) scheduled a $237 million IPO with a market capitalization of $525 million at a price range mid-point of $15, for the week of November 12, 2012.
ENXP is buying leasehold acreage from Chesapeake Energy Corporation (NYSE:CHK) and is using an IPO to finance much of the purchase price.
Silvercrest Asset Management Group (NASDAQ:SAMG)
Based in New York, NY, Silvercrest Asset Management Group (SAMG) scheduled a $55 million IPO with a market capitalization of $134 million at a price range mid-point of $12 for Tuesday, November 13, 2012.
SAMG is a money management firm. The target market is individuals with a net worth in excess of $30 million, although SAMG is expanding into institutional management, which currently accounts for 6% of assets.
Radius Health (NASDAQ:RDUS)
Based in Cambridge, MA, Radius Health scheduled a $62 million IPO with a market capitalization of $285 million at a price range mid-point of $9.50, for the week of November 12, 2012. Held over from last week
RDUS is a venture-funded biopharmaceutical company with no major partners. Here is last week's IPO Preview for RDUS.