6 IPOs Expected This Week

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 |  Includes: BSFT, CBOE, CILE, OAS, ONE, VLTC
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Broadsoft (NASDAQ:BSFT), which provides IP-based application server software to telecom service providers, plans to raise $75 million by offering 7.5 million shares at a price range of $9-$11. At the mid-point of the proposed range, Broadsoft will command a market value of $268 million. Broadsoft, which was founded in 1998, booked $69 million in sales last year. The Gaithersburg, MD-based company plans to list on the NASDAQ under the symbol BSFT. Goldman, Sachs & Co. (NYSE:GS) and Jefferies & Co. (JEF) are the lead underwriters on the deal.

CBOE Holdings (NASDAQ:CBOE), the US's largest options exchange, offering options on equities, indexes and ETFs, plans to raise $328 million by offering 11.7 million shares at a price range of $27-$29. At the mid-point of the proposed range, CBOE will command a market value of $2.9 billion. CBOE, which was founded in 1973, booked $426 million in sales last year. The Chicago, IL-based company plans to list on the NASDAQ under the symbol CBOE. Goldman, Sachs & Co. is the lead underwriter on the deal.

China Intelligent Lighting (NASDAQ:CIL), which manufactures LED lighting products for household and commercial usage, plans to raise $16 million by offering 2.5 million shares at a price range of $3-$4. At the mid-point of the proposed range, China Intelligent Lighting will command a market value of $60 million. China Intelligent Lighting, which was founded in 2007, booked $62 million in sales last year. The Guangdong-based company plans to list on the NYSE under the symbol CIL. Rodman & Renshaw and WestPark Capital are the lead underwriters on the deal.

Higher One Holdings (NYSE:ONE), which offers campus banking, financial aid disbursement and tuition payment services, plans to raise $228 million by offering 14.3 million shares at a price range of $15-$17. At the mid-point of the proposed range, Higher One will command a market value of $983 million. Higher One, which was founded in 2000, booked $93 million in sales last year. The New Haven, CT-based company plans to list on the NYSE under the symbol ONE. Goldman, Sachs & Co. is the lead underwriter on the deal.

Motricity (MOTR), which provides a web-based mobile data services platform for wireless carriers, plans to raise $101 million by offering 6.8 million shares at a price range of $14-$16. At the mid-point of the proposed range, Motricity will command a market value of $628 million. Motricity, which was founded in 2001, booked $114 million in sales last year. The Bellevue, WA-based company plans to list on the NYSE under the symbol MOTR. J.P. Morgan (NYSE:JPM) and Goldman, Sachs & Co. are the lead underwriters on the deal.

Oasis Petroleum (NYSE:OAS), an independent E&P producing oil in North Dakota and Montana, plans to raise $588 million by offering 42 million shares at a price range of $13-$15. At the mid-point of the proposed range, Oasis Petroleum will command a market value of $1.3 billion. Oasis Petroleum, which was founded in 2007, booked $42 million in sales last year. The Houston, TX-based company plans to list on the NYSE under the symbol OAS. Morgan Stanley (NYSE:MS) and UBS Investment Bank (NYSE:UBS) are the lead underwriters on the deal.

Last week, there was 1 IPO pricing. China New Borun (NYSE:BORN), which is the leading producer of corn-based alcohol mostly for baijiu liquor in China, traded flat after pricing its IPO at $7 per share.