3 IPOs Planned For This Week

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 |  Includes: GRPN, NDRO, RNF
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Enduro Royalty Trust (NYSE:NDRO), which owns an 80% net profit interest in certain Enduro Resource Partners properties, plans to raise $317 million by offering 13,200,000 shares at a price range of $23.00 to $25.00. At the mid-point of the proposed range, Enduro Royalty Trust will command a market value of $792.00 million. Enduro Royalty Trust, which was founded in 2010, booked $186 million in sales over the last 12 months. The Austin, TX-based company plans to list on the NYSE under the symbol NDRO. Barclays Capital (NYSE:BCS), Citi (NYSE:C) and Goldman Sachs & Co. (NYSE:GS) are the lead underwriters on the deal. Please note: Financial data is pro forma.

Groupon (NASDAQ:GRPN), which is a leading e-commerce site used by merchants to offer customers daily discounts, plans to raise $510 million by offering 30,000,000 shares at a price range of $16.00 to $18.00. At the mid-point of the proposed range, Groupon will command a market value of $11,229.93 million. Groupon, which was founded in 2008, booked $942 million in sales over the last 12 months. The Chicago, Ill.,-based company plans to list on the Nasdaq under the symbol GRPN. Morgan Stanley (NYSE:MS), Goldman Sachs & Co. and Credit Suisse (NYSE:CS) are the lead underwriters on the deal.

Rentech Nitrogen Partners, L.P. (NYSE:RNF), a spin-off of clean energy firm Rentech's nitrogen fertilizer business, plans to raise $300 million by offering 15,000,000 shares at a price range of $19.00 to $21.00. At the mid-point of the proposed range, Rentech Nitrogen Partners, L.P. will command a market value of $765.00 million. Rentech Nitrogen Partners, L.P., which was founded in 1965, booked $176 million in sales over the last 12 months. The Los Angeles, CA,-based company plans to list on the NYSE under the symbol RNF. Morgan Stanley and Credit Suisse are the lead underwriters on the deal.