Seeking Alpha
Research analyst, IPOs, long/short equity
Profile| Send Message|
( followers)  

There are six companies spread across a wide range of industries expected to start trading this week.

7 Days Group Holdings, which converts and operates limited service economy hotels across major metropolitan areas in China, plans to raise $101 million by offering 10.1 million shares at a price range of $9.00 to $11.00. At the mid-point of the proposed range, 7 Days Group Holdings will command a market value of $493.6 million. The leading hotel chain, which was founded in 2004, booked $106 million in sales over the last 12 months and has grown from 5 hotels toward the end of 2005 to 283 hotels currently in operation. 7 Days plans to list on the NYSE under the symbol SVN. J.P. Morgan, Citi, and Oppenheimer & Co. are the lead underwriters on the deal.

Archipelago Learning, which provides a subscription-based online education platform for students K-12, plans to raise $100 million by offering 6.3 million shares at a price range of $15.00 to $17.00. At the mid-point of the proposed range, Archipelago Learning will command a market value of $401.7 million. Archipelago Learning, which was founded in 2000, booked $42 million in sales over the last 12 months. The Dallas, TX-based company plans to list on the NASDAQ under the symbol ARCL. BofA Merrill Lynch, William Blair, and Robert Baird are the lead underwriters on the deal.

Cloud Peak Energy, a Rio Tinto carve-out of the US's third largest coal producer, plans to raise $520 million by offering 30.6 million shares at a price range of $16.00 to $18.00. At the mid-point of the proposed range, Cloud Peak Energy will command a market value of approximately $1 billion. Cloud Peak Energy, which was founded in 1993, booked $1.4 billion in sales over the last 12 months. The Gillette, WY-based company plans to list on the NYSE under the symbol CLD. Credit Suisse, Morgan Stanley, and RBC Capital Markets are the lead underwriters on the deal.

Fortinet, which provides network security appliances to enterprises and service providers, plans to raise $120 million by offering 12 million at a price range of $9.00 to $11.00. At the mid-point of the proposed range, Fortinet will command a market value of $734.3 million. Fortinet, which was founded in 2000, booked $229 million in sales over the last 12 months and is a major player in the unified threat management space. The Sunnyvale, CA-based company plans to list on the NASDAQ under the symbol FTNT. Morgan Stanley, J.P. Morgan, and Deutsche Bank are the lead underwriters on the deal.

In another tech deal, Global Defense Technology & Systems, a provider of IT and engineering services to US defense and intelligence agencies, plans to raise $69 million by offering 4.6 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Global Defense Technology & Systems will command a market value of $137.7 million. The company, which was founded in 1969, booked $203 million in sales over the last 12 months and plans to list on the NASDAQ under the symbol GTEC with Cowen & Company as the underwriter on the deal.

HealthPort is another IT provider but mainly serves hospitals and clinics. The company, which specializes in release of information (ROI), plans to raise $90 million by offering 6 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, HealthPort will command a market value of $339 million. HealthPort was founded in 1975 and booked $254 million in sales over the last 12 months. The Alpharetta, GA-based company plans to list on the NASDAQ under the symbol HPRT with Deutsche Bank and William Blair acting as the lead underwriters on the deal.

Disclosure: None

Source: Six IPOs Scheduled for Week of Nov. 16