8 U.S. IPOs Planned For The Week Of May 19

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 |  Includes: AGRX, FFWM, HRTG, ICC, JD, PE, SDPI, SEMI
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

21st Century Oncology Holdings (Pending:ICC), the largest integrated network of cancer care centers and affiliated physicians, plans to raise $200 million by offering 13.3 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, 21st Century Oncology Holdings would command a market value of $446 million. 21st Century Oncology Holdings, which was founded in 2007, booked $737 million in sales over the last 12 months. The Fort Myers, FL-based company plans to list on the NYSE under the symbol ICC. Morgan Stanley, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal.

Agile Therapeutics (NASDAQ:AGRX), a biotech developing prescription adhesive contraceptives, plans to raise $60 million by offering 4.6 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Agile Therapeutics would command a market value of $193 million. Agile Therapeutics, which was founded in 1997, booked $0 million in sales over the last 12 months. The Princeton, NJ-based company plans to list on the NASDAQ under the symbol AGRX. RBC Capital Markets and William Blair are the joint bookrunners on the deal.

First Foundation (NASDAQ:FFWM), a California-based wealth manager and commercial bank, plans to raise $50 million by offering 2.2 million shares at a price range of $21.00 to $24.00. At the midpoint of the proposed range, First Foundation would command a market value of $239 million. First Foundation, which was founded in 1990, booked $58 million in sales over the last 12 months. The Irvine, CA-based company plans to list on the NASDAQ under the symbol FFWM. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal.

Heritage Insurance Holdings (NYSE:HRTG), a Florida-based residential insurance company, plans to raise $90 million by offering 6.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Heritage Insurance Holdings would command a market value of $438 million. Heritage Insurance Holdings, which was founded in 2012, booked $136 million in sales over the last 12 months. The Clearwater, FL-based company plans to list on the NYSE under the symbol HRTG. Citi is the lead bookrunner on the deal.

JD.com (NASDAQ:JD), which is a leading Chinese online retailer with $20 billion in gross merchandise volume, plans to raise $1.6 billion by offering 93.7 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, JD.com would command a market value of $23.6 billion. JD.com, which was founded in 2004, booked $11.1 billion in sales over the last 12 months. The Beijing, China-based company plans to list on the NASDAQ under the symbol JD. BofA Merrill Lynch, UBS Investment Bank, Allen & Company and Barclays are the joint bookrunners on the deal.

Parsley Energy (NYSE:PE), an oil and gas E&P operating in the Permian Basin of West Texas, plans to raise $724 million by offering 43.9 million shares at a price range of $15.00 to $18.00. At the midpoint of the proposed range, Parsley Energy would command a market value of $1.8 billion. Parsley Energy, which was founded in 2008, booked $162 million in sales over the last 12 months. The Midland, TX-based company plans to list on the NYSE under the symbol PE. Credit Suisse, Goldman Sachs, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal.

SunEdison Semiconductor (NASDAQ:SEMI), which is a leading silicon wafer manufacturer for semiconductors spun off of SunEdison, plans to raise $101 million by offering 7.2 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, SunEdison Semiconductor would command a market value of $565 million. SunEdison Semiconductor, which was founded in 1959, booked $894 million in sales over the last 12 months. The Singapore, Singapore-based company plans to list on the NASDAQ under the symbol SEMI. Deutsche Bank, Goldman Sachs, Wells Fargo Securities and Macquarie Capital are the joint bookrunners on the deal.

Superior Drilling Products (NYSEMKT:SDPI), which manufactures and restores drill bits used for oil and natural gas mining, plans to raise $30 million by offering 5.0 million shares at a price range of $5.00 to $7.00. At the midpoint of the proposed range, Superior Drilling Products would command a market value of $86 million. Superior Drilling Products, which was founded in 1993, booked $12 million in sales over the last 12 months. The Vernal, UT-based company plans to list on the NYSE/Amex under the symbol SDPI. Roth Capital is the lead bookrunner on the deal.

Last week, there were 5 IPO pricings. Zendesk (NYSE:ZEN), which provides a SaaS customer service platform primarily to SMBs, was the week's winner, ending up 69% from its IPO price.