Three new IPOs are scheduled for the week of June 10th. The full IPO calendar is here.
Ranked by size of IPO.
Based in New York, NY, Coty scheduled a $1 billion IPO with a market capitalization of $6.7 billion at a price range mid-point of $17.50 for Thursday, June 13, 2013.
COTY's beauty products portfolio includes very well-known names. The COTY IPO is a shareholder bailout with no proceeds going to the company.
COTY has a spotty financial record, in terms of sales and profits, and will be offering a dividend lower than its competition. Revenue was flat for the March '13 nine months vs. the March '12 nine months, at $3.5 billion.
Based in Milpitas, CA, Gigamon scheduled a $128 IPO with a market capitalization of $561, at a price range mid-point of $19 for Wednesday, June 12, 2013.
GIMO's sales are increasing at a much faster rate than its bigger competitors: 2012 revenue was up 43% to $97 million for 2012 vs. 2011. Revenue was up 53% to $26 from $17 for Q1 '13 vs. Q1 '12.
Aratana Therapeutics (PETX)
Based in Kansas City, KS, Aratana Therapeutics scheduled a $51 IPO with a market capitalization of $216 at a price range mid-point of $12 for Thursday, June 13, 2013.
7Since founding in 2010, PETX has licensed three compounds, AT-001, AT-002 and AT-003, that PETX is developing into six products for use in pets in the United States and Europe.
PETX is still conducting clinical studies and then intends to conduct clinical trials.