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

The following IPOs are expected to price this week:

Accretive Health (NYSE:AH), which provides outsourced revenue cycle management services to US hospitals, plans to raise $200 million by offering 13.3 million shares at a price range of $14-$16. At the mid-point of the proposed range, Accretive Health will command a market value of $1.5 billion. Accretive Health, which was founded in 2003, booked $510 million in sales last year. The Chicago, IL-based company plans to list on the NYSE under the symbol AH. Goldman, Sachs & Co. (NYSE:GS), Credit Suisse (NYSE:CS) and J.P. Morgan (NYSE:JPM) are the lead underwriters on the deal.

Film Department Holdings (NASDAQ:TFDI), a recently formed independent movie production company, plans to raise $60 million by offering 6.5 million shares at a price range of $12-$14. At the mid-point of the proposed range, Film Department Holdings will command a market value of $136 million. Film Department Holdings, which was founded in 2007, booked $40 million in sales last year. The West Hollywood, CA-based company plans to list on the NASDAQ under the symbol TFDI. Merriman Curhan Ford and IPO Solutions are the lead underwriters on the deal.

ReachLocal (NASDAQ:RLOC), which sells online marketing services for small businesses through a localized sales force, plans to raise $75 million by offering 4.2 million shares at a price range of $17-$19. At the mid-point of the proposed range, ReachLocal will command a market value of $540 million. ReachLocal, which was founded in 2003, booked $203 million in sales last year. The Woodland Hills, CA-based company plans to list on the NASDAQ under the symbol RLOC. J.P. Morgan (JPM) and BofA Merrill Lynch (NYSE:BAC) are the lead underwriters on the deal.

Last week, there were 7 IPO pricings. TeleNav (NASDAQ:TNAV), which is a leading provider of mobile navigation services on the Sp

Source: 3 IPOs on Tap for This Week