The U.S. IPO calendar is heating up for the end of July, with 10 deals setting terms so far this week. The largest deals come from NRG Yield (NYSE:NYLD) [$392 million deal size], a company formed to operate certain infrastructure assets of NRG Energy, one of the largest power generation and retail electricity businesses in the U.S., Graña y Montero (NYSE:GRAM) [$350], the largest engineering and construction company in Peru, and Diamond Resorts International (NYSE:DRII) [$264], a vacation club with more than 490,000 members and 295 destinations. And, after a strong second quarter for biotech IPOs (16 deals; 36% average return), two more, OncoMed Pharmaceuticals (NASDAQ:OMED) and Conatus Pharmaceuticals (NASDAQ:CNAT), launched this week.
Other notable deals that set terms this week include RetailMeNot (NASDAQ:SALE), which operates the world's largest digital coupon marketplace, Rexford Industrial Realty (NYSE:REXR), an industrial property REIT in California, and UCP, a California homebuilder. All ten deals are scheduled to price by the end of July.
|IPOs setting terms (week of July 8, 2013)|
|Company (Ticker)||Business||Deal Size ($mm)||LTM Sales ($mm)|
|NRG Yield||Energy infrastructure assets||$392||$184|
|Graña y Montero||Peru-based E&C company||$350||$2,086|
|Diamond Resorts Int'l||Vacation club||$264||$568|
|Rexford Industrial Realty||Industrial properties REIT||$224||$35|
|RetailMeNot||Digital coupon marketplace||$191||$156|
|OncoMed Pharmaceuticals||Cancer treatment biotech||$60||$25|
|Conatus Pharmaceuticals||Liver disease biotech||$55||$0|
|Liquid Holdings Group (LIQD)||Financial services software||$50||$4|
|Cellular Dynamics Int'l (NASDAQ:ICEL)||Human cell manufacturer||$50||$8|