Three New IPO Filings Last Week

by: Renaissance Capital IPO Research

Three new companies filed registration statements for initial public offerings last week with the SEC.

Alimera Sciences (requated ticker ALIM), which is an Alpharetta, GA-based biopharmaceutical company that focuses on developing products that treat retina-related diseases, filed to raise up to $80 million in its IPO. The company was founded in 2003 and plans to list on the NASDAQ under the symbol ALIM. Credit Suisse, Citi, Cowen & Company and Oppenheimer are the underwriters on the deal.

Trony Solar Holdings (requested ticker TRO), a thin film solar photovoltaic module provider that was founded in 2003 in Shenzhen, China, filed to raise as much as $200 million in its IPO. J.P. Morgan and Credit Suisse are the lead underwriters on the deal.

TeleNav (requested ticker TNAV), which offers wireless location based services (LBS) such as voice guided navigation on mobile phones, filed to raise up to $75 million in its IPO. The registrant, TeleNav Holdings, plans to merge with and rename itself as its parent company, TeleNav, prior to the offering. (Currently, TNAV Holdings is a wholly owned subsidiary of TeleNav.) The Sunnyvale, CA-based company, which was founded in 1999, will use J.P. Morgan and Deutsche Bank as the lead underwriters on the deal.

No pricing terms were disclosed.