Graham Packaging and 7 Days Group Holdings File for IPO

by: Renaissance Capital IPO Research

Two new companies submitted initial filings for their IPOs on Monday.

Graham Packaging (GP), which supplies plastic containers for nutrition, hygiene and home care products, filed to raise up to $350 million. The York, PA-based company, which booked $2.3 billion in sales over the last 12 months, did not disclose underwriters or pricing terms in its initial filing.

7 Days Group Holdings (SVN), a leading national economy hotel chain based in China, filed to raise up to $100 million. The company, which was founded in 2004 and has since built its growing "7 Days Inn" brand, plans to list on the NYSE under the symbol SVN. 7 Days Group Holdings is currently the third largest economy hotel chain in China (based on the total number of hotels as of Dec. 31, 2008) and had 283 hotels with 28,266 rooms in 41 cities in operation as of Sep. 30, 2009. J.P. Morgan and Deutsche Bank are the lead underwriters on the deal. No pricing terms were disclosed.