IPO activity is expected to pick up next week with six U.S. companies scheduled to go public, beginning with Aviv REIT (AVI), a Chicago-based company that specializes in owning, acquiring and developing healthcare properties. The company plans to raise $299 million by offering 16.6 million shares on the NYSE on Tuesday at a price range of $17.00 to $19.00.
Aviv REIT will be followed by Ancestry.com and PlainsCapital, both of which are expected to price next Wednesday on the NASDAQ and NYSE, respectively. Ancestry.com (NASDAQ:ACOM), an online community that provides family histories for a subscription-based fee, plans to raise $100 million by offering 7.4 million shares at a price range of $12.50 to $14.50. The Provo, UT-based company will be highlighted as our Featured IPO. PlainsCapital (PCB), the 9th largest bank in Texas, plans to raise $225m by offering $15 million shares at a price range of $14.00 to $16.00.
Rounding out the week will be Hyatt Hotels (NYSE:H), STR Holdings (NYSE:STRI) and Duoyuan Printing (NYSE:DYP), all of which are expected to price next Thursday. Hyatt, a globally recognized brand in the hospitality industry owned by the Pritzker family, plans to raise $391 million by offering 38 million shares at a price range of $23.00 to $26.00. The Chicago-based company will list its stock on the NYSE and has chosen Goldman Sachs to be the lead underwriter on the deal. STR Holdings, a solar module encapsulant provider, plans to raise $172 million by offering 12.3 million shares at a price range of $13.00 to $15.00. Duoyuan Printing, a printing equipment supplier with distribution channels in China, plans to raise $62 million by offering 6.5 million shares at a price range of $8.50 to $10.50.