7 IPOs Planned for This Week

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Includes: NQ, RENN, RPXC, THR, VOC, WIFI
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Boingo Wireless (NASDAQ:WIFI), a leading provider of mobile Wi-Fi software and services with 325,000 hotspots, plans to raise $75 million by offering 5.8 million shares at a price range of $12 to $14. At the mid-point of the proposed range, Boingo Wireless will command a market value of $486 million. Boingo Wireless, which was founded in 2001, booked $80 million in sales over the last 12 months. The Los Angeles, CA-based company plans to list on the NASDAQ under the symbol WIFI. Credit Suisse (NYSE:CS) and Deutsche Bank Securities (NYSE:DB) are the lead underwriters on the deal.

NetQin Mobile Inc. (NYSE:NQ), which provides Internet security to mobile users, primarily in China, plans to raise $75 million by offering 7.1 million ADSs at a price range of $9.50 to $11.50. At the mid-point of the proposed range, NetQin Mobile will command a market value of $475 million. NetQin Mobile was founded in 2005 and booked $18 million in sales over the last 12 months. The Beijing-based company plans to list on the NYSE under the symbol NQ. Piper Jaffray (NYSE:PJC) is the lead underwriter on the deal.

Renren Inc. (NYSE:RENN), which operates the leading online social network in China with 117 million users, plans to raise $690 million by offering 53.1 million ADSs at a price range of $9 to $11. At the mid-point of the proposed range, Renren will command a market value of $5.4 billion. Renren, which was founded in 2002, booked $77 million in sales over the last 12 months. The Beijing ,China-based company plans to list on the NYSE under the symbol RENN. Morgan Stanley (NYSE:MS), Deutsche Bank Securities (DB), and Credit Suisse (CS) are the lead underwriters on the deal.

RPX Corporation (NASDAQ:RPXC), which acquires and licenses client patent assets to defend against patent trolls, plans to raise $124 million by offering 7.3 million shares at a price range of $16 to $18. At the mid-point of the proposed range, RPX Corporation will command a market value of $853 million. RPX Corporation, founded in 2008, booked $95 million in sales over the last 12 months. The San Francisco, CA-based company plans to list on the NASDAQ under the symbol RPXC. Goldman, Sachs & Co. (NYSE:GS) and Barclays Capital (NYSE:BCS) are the lead underwriters on the deal.

Thermon Group Holdings, Inc. (NYSE:THR), a global provider of highly engineered thermal solutions for process industries, plans to raise $130 million by offering 10 million shares at a price range of $12 to $14. At the mid-point of the proposed range, Thermon Group will command a market value of $398 million. Thermon Group, which was founded in 1954, booked $229 million in sales over the last 12 months. The San Marcos, TX-based company plans to list on the NYSE under the symbol THR. Barclays Capital (BCS) and Jefferies & Co. are the lead underwriters on the deal.

Universal Business Payment Solutions Acquisition (UBPS-U), a blank check company led by executives with experience in retail banking and payment solutions, plans to raise $72 million by offering 12 million shares at a price of $6. Upon completion, Universal Business Payment Solutions Acquisition will command a market value of $72 million. The Radnor, PA-based company plans to list on the NYSE under the symbol UBPS-U. EarlyBird Capital, Inc. and Rodman & Renshaw (NYSEARCA:RODM) are the lead underwriters on the deal.

VOC Energy Trust (NYSE:VOC), a trust with a net profits interest in oil/natural gas properties in Kansas, and Texas, held by Vess Oil, plans to raise $222 million by offering 10.8 million trust units at a price range of $19 to $21. At the mid-point of the proposed range, VOC Energy Trust will command a market value of $340 million. VOC Energy Trust, which was founded in 2010, booked $63 million in sales over the last 12 months. The Austin, TX-based company plans to list on the NYSE under the symbol VOC. Raymond James (NYSE:RJF) and Morgan Stanley (MS) are the lead underwriters on the deal.