9 IPOs Planned for This Week

Dec. 15, 2010 2:43 PM ETBGMD, CPAY, FRF-OLD, GCAP, ISS, RNET, KNX, WD, QRE1 Comment

The following IPOs are expected to price this week:

BG Medicine (OTC:BGMD), which markets a biomarker diagnostic test for heart failure and is developing others, plans to raise $67 million by offering 4.75 million shares at a price range of $13-$15. At the mid-point of the proposed range, BG Medicine will command a market value of $248 million. BG Medicine, which was founded in 2000, booked $1 million in sales over the last 12 months. The Waltham, MA-based company plans to list on the NASDAQ under the symbol BGMD. UBS Investment Bank (UBS) is the lead underwriter on the deal.

FleetCor Technologies (FLT), which is a leading provider of electronic payment cards to commercial fleets/oil companies, plans to raise $311 million by offering 12.7 million shares at a price range of $23-$26. At the mid-point of the proposed range, FleetCor Technologies will command a market value of $2 billion. FleetCor Technologies, which was founded in 1986, booked $425 million in sales over the last 12 months. The Norcross, GA-based company plans to list on the NYSE under the symbol FLT. J.P. Morgan (JPM) and Goldman, Sachs & Co. (GS) are the lead underwriters on the deal.

Fortegra Financial Corp. (FRF), which provides payment protection products and back-office services for insurers, plans to raise $116 million by offering 7.7 million shares at a price range of $14-$16. At the mid-point of the proposed range, Fortegra Financial Corp. will command a market value of $327 million. Fortegra Financial Corp., which was founded in 1981, booked $94 million in sales over the last 12 months. The Jacksonville, FL-based company plans to list on the NYSE under the symbol FRF. Piper Jaffray and Suntrust Robinson Humphrey are the lead underwriters on the deal.

Gain

This article was written by

Renaissance Capital provides pre-IPO research to institutional investors and investment banks. The Firm manages two IPO-focused funds: The Renaissance IPO ETF (NYSE: IPO) and the Renaissance International IPO ETF (NYSE: IPOS). Individual investors can get a free overview of the IPO market on www.renaissancecapital.com, and try a free trial of our premium platform, IPO Pro (ipopro.renaissancecapital.com). Through Renaissance Capital’s pre-IPO research service, institutional investors get an independent opinion, in-depth fundamental analysis, and customizable financial models on all IPOs.

Recommended For You

Related Stocks

SymbolLast Price% Chg
BGMD--
BG Medicine, Inc.
CPAY--
Corpay, Inc.
FRF-OLD--
Fortegra Financial Corporation
GCAP--
GAIN Capital Holdings, Inc.
ISS--
iSoftStone Holdings Limited

Related Analysis