The following IPO is expected to price this week:
Sabre Industries (SABR), which provides towers and shelters for wireless infrastructure and electric transmission, plans to raise $91 million by offering 7,000,000 shares at a price range of $12.00 to $14.00. At the mid-point of the proposed range, Sabre Industries will command a market value of $168.78 million.
Sabre Industries, which was founded in 1977, booked $264 million in sales over the last 12 months.
The North Wales, PA-based company plans to list on the NASDAQ under the symbol SABR. Stifel Nicolaus Weisel, Baird, and Oppenheimer & Co. are the lead underwriters on the deal.
Last week, there were 6 IPO pricings. Yandex N.V. (YNDX), which Russia's leading online search engine, was the week's winner, ending up 38% from its IPO price.
Disclosure: No positions
