1 IPO Planned For Week Of Oct. 17: Zeltiq Aesthetics

Oct.17.11 | About: ZELTIQ Aesthetics, (ZLTQ)

The following IPO is expected to price this week:

ZELTIQ Aesthetics (NASDAQ:ZLTQ), which markets the CoolSculpting system, which reduces stubborn fat bulges, plans to raise $105 million by offering 7 million shares at a price range of $14 to $16. At the mid-point of the proposed range, ZELTIQ Aesthetics will command a market value of $553 million. ZELTIQ Aesthetics, which was founded in 2005, booked $50 million in sales over the last 12 months. The Pleasanton, CA-based company plans to list on the NASDAQ under the symbol ZLTQ. J.P. Morgan and Goldman, Sachs & Co. are the lead underwriters on the deal.

Renaissance Capital will have Pre-IPO Research available on the upcoming IPO prior to its pricing.

Last week, there was one IPO pricing. Ubiquiti Networks (NASDAQ:UBNT), which provides wireless networking solutions to carriers in underserved markets, ended the week up 17% from its IPO price.