Six IPOs Scheduled For Week Of December 10th. The full IPO calendar is available here.
Based in San Mateo, CA SolarCity scheduled a $141 million IPO with a market capitalization of $1 billion at a price range mid-point of $14, for Wednesday, December 12, 2012.
SCTY is a low tech installer of solar panels with a large pipeline to Wall Street, where it has raised $1.57 billion to finance leases. $600 million is still available to SCTY.
Where electricity rates are above 15 cents per kilowatt hour, SCTY can provide cost savings in the form of 10 or 20 year leases.
The net loss is divided between noncontrolling interests - which are partnerships - and stockholders. That profit/loss division varies from year to year.
Audeo Oncology (AURX)
Based in San Francisco, CA, Audeo Oncology scheduled a $50 million IPO with a market capitalization of $163 million at a price range mid-point of $15, for Thursday December 13, 2012.
AURX is a biopharmaceutical company. AURX's lead HyACT product candidate, HA-Irinotecan, is currently in a pivotal Phase III clinical trial for metastatic colorectal cancer.
PBF Energy (PBF)
Based in Parsippany, NJ, PBF Energy (PBF) scheduled a $429 million IPO with a market capitalization of $2.5 billion at a price range mid-point of $26, for Thursday, December 13, 2012.
PBF is the fifth largest independent refiner in the United States. The PBR IPO is a liquidity event for Blackstone (BX) and First Reserve, which own equal shares amounting to 95% pre-IPO, and will walk away with $390 million.
PBR intends to pay 5% annualized return at the price range mid-point of $16.
Silver Bay Realty Trust (SBY)
Based in Minnetonka, MN, Silver Bay Realty Trust (SBY) scheduled a $300 million IPO with a market capitalization of $709 million at a price range mid-point of $20, for Friday, December 14, 2012.
SBY would be the only public REIT buying and leasing single family homes.
Sprott Physical Platinum & Palladium Trust (SPPP)
Based in Toronto, Ontario, CAN Sprott Physical Platinum & Palladium Trust (SPPP) scheduled a $350 million IPO with a market capitalization of $350 million at a price of $10 per share, for the week of December 10, 2012.
SPPP was created to invest and hold substantially all of its assets in physical platinum and palladium bullion.
CIS Acquisition Ltd. Is a blank check acquisition company that intends to IPO Tuesday, December 11, 2012.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.