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After several companies set terms last week, the US IPO Calendar is packed for the week of March 18. Nine deals are scheduled to price, which would mark the busiest week since the week of October 8, 2012. The companies that set terms last week include nursing facility REIT Aviv (NYSE:AVIV), on-demand ad management firm Marin Software (NYSE:MRIN), conferencing and call center provider West Corporation (NASDAQ:WSTC), mortgage REIT Five Oaks Investment (FOIC) and diagnostic tests company Cancer Genetics (NASDAQ:CGIX), which has struggled to complete its offering over the past several months. Pinnacle Foods (NYSE:PF) also set terms, but is not expected to price until the following week.

This aforementioned group will join a quartet of deals already on the calendar, including blank check company HF2 Financial management (NASDAQ:HTWO), revenue management solutions provider Model N (NYSE:MODN) and biotechs Tetraphase Pharmaceuticals (NASDAQ:TTPH) and Enanta Pharmaceuticals (NASDAQ:ENTA).

Silver Spring Networks rises 29% in first-day trading after pricing upsized IPO
Silver Spring, a leading provider of smart grid products and services to utilities, saw its shares rise 29% on its first day of trading, the fourth best first day pop thus far in 2013. The company raised $81 million by offering 4.75 million shares at $17 after originally filing to offer 3.7 million shares in a deal that would have raised $63 million. Though the company is in its early stages of profitability, investors were likely attracted to its leading position in AMI, blue chip customer base, substantial backlog of $745 million and an addressable market that is expected to reach $19.5 billion by 2015 (23% CAGR). Silver Spring only offered 10% of its market cap after originally proposing a $150 million deal size in its initial filings, which could have contributed to its substantial first day pop.

West Corporation and Pinnacle Foods seek to join group of successful LBO exits
West Corporation, which is a leading conferencing and call center provider LBO'd by Thomas H. Lee and Quadrangle, announced plans to raise $500 million by offering 21.3 million shares at a price range of $22 to $25. At the midpoint of the proposed range, West Corporation would command a fully diluted market value of $1.95 billion.

Pinnacle Foods, which is a leading packaged foods company backed by Blackstone, proposed a deal to raise $551 million by offering 29 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Pinnacle Foods would command a fully diluted market value of $2.1 billion. The two companies would become the third and fourth largest IPOs of the year, behind Zoetis (NYSE:ZTS) and CVR Refining (NYSE:CVRR).

Pinnacle and West Corp will attempt to replicate the performance of other 2013 LBOs, which have been among the best performing deals of the year. Aside from 3D printing company ExOne (NASDAQ:XONE), the top IPO return year-to-date (up 71%), the next three best-performing deals are all LBOs. Apollo-backed Norwegian Cruise Line (NASDAQ:NCLH) is up 58%, Madison Dearborn-backed Boise Cascade Company (NYSE:BCC) is up 51% and Bain-backed Bright Horizons Family Solutions (NYSE:BFAM) is up 50%. All three of those deals priced above the high end of their respective proposed ranges.

Rally Software and Omthera Pharmaceuticals added to the pipeline
Omthera Pharmaceuticals (NASDAQ:OMTH), which is developing therapies for abnormalities in blood lipids, filed for a deal that could raise $75 million. Notable backers include Sofinnova Ventures (39% pre-IPO stake) and New Enterprise Associates (30%). The company has yet to generate revenue.

Rally Software (NYSE:RALY), which provides an application lifecycle management platform for enterprise developers, filed for a deal that could raise $70 million. It initially filed confidentially in December 2012, though it had been on the Private Company Backlog since June 2012. Notable backers include Boulder Ventures (20% pre-IPO stake), Mobius Technology Ventures (20%), MDV (19%) and Greylock (9%).

Pipeline updates suggest large deals around the corner
Evertec (NYSE:EVTC) updated financials for the 2012 fiscal year. Revenues increased 6% to $342 million as a result of volume growth. Adjusted EBITDA grew 14% to $170 million. The company has chosen to list on the NYSE. Hannon Armstrong (HASIC), a structured REIT that provides financing for clean energy projects, also announced plans to list on the NYSE. Intelsat (I), which originally filed with a deal size of $1.75 billion, reduced its proposed offering size to $750 million in its latest filling.

There are several large deals that are expected to launch in the coming weeks. Among them, grocery store chain Fairway Market (NASDAQ:FWM) expects to launch in the first week of April and homebuilder Taylor Morrison Homes (NYSE:TMHC) could launch its deal in the coming days. Empire State Building voters have been in support of its pending IPO, which could push the deal forward. Theme park operator Seaworld (NYSE:SEAS) and fragrance and cosmetics company Coty (NYSE:COTY), which recently updated financials, may also be imminent. With the exception of Fairway Market (expected $173 million deal size), each of these deals is expected to raise over $500 million.

The current US Pipeline holds 112 companies expecting to raise $29.9 billion.

Source: U.S. IPO Weekly Recap: Calendar Quickly Builds, Silver Spring Jumps In Debut