5 IPOs On Tap This Week

|
 |  Includes: CHKR, HMST, IMPV, LRE, NLNK
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Chesapeake Granite Wash Trust (NYSE:CHKR), which owns royalty interests in established and horizontal development wells in western Oklahoma, plans to raise $468 million by offering 23.4 million shares at a price range of $19 to $21. At the mid-point of the proposed range, Chesapeake Granite Wash Trust will command a market value of $935 million. The Austin, TX-based company plans to list on the NYSE under the symbol CHKR. Morgan Stanley (NYSE:MS) and Raymond James (NYSE:RJF) are the lead underwriters on the deal.

HomeStreet (NASDAQ:HMST), a full-service community bank operating primarily in the Pacific Northwest, plans to raise $165 million by offering 7.2 million shares at a price range of $22 to $24. At the mid-point of the proposed range, HomeStreet will command a market value of $214 million. HomeStreet, which was founded in 1921, booked $49 million in sales over the last 12 months. The Seattle, WA-based company plans to list on the NASDAQ under the symbol HMST. FBR Capital Markets (NASDAQ:FBRC) is the lead underwriter on the deal. HomeStreet had originally planned to go public in August, before postponing due to market conditions.

Imperva (NYSE:IMPV), which offers database, file and web application solutions to protect data in data centers, plans to raise $75 million by offering 5 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Imperva will command a market value of $366 million. Imperva, which was founded in 2002, booked $72 million in sales over the last 12 months. The Redwood Shores, CA-based company plans to list on the NYSE under the symbol IMPV. J.P. Morgan (NYSE:JPM) and Deutsche Bank Securities (NYSE:DB) are the lead underwriters on the deal.

LRR Energy, L.P. (NYSE:LRE), an LP formed by Lime Rock Resources to develop oil and natural gas properties in North America, plans to raise $188 million by offering 9.4 million shares at a price range of $19 to $21. At the mid-point of the proposed range, LRR Energy, L.P. will command a market value of $448 million. LRR Energy, L.P., which was founded in 2011, booked $117 million in sales over the last 12 months. The Houston, TX-based company plans to list on the NYSE under the symbol LRE. Wells Fargo Securities, Raymond James, and Citi (NYSE:C) are the lead underwriters on the deal.

NewLink Genetics (NASDAQ:NLNK), which is developing a Phase 3 drug for surgically-resected pancreatic cancer patients, plans to raise $61 million by offering 5.5 million shares at a price range of $10 to $12. At the mid-point of the proposed range, NewLink Genetics will command a market value of $223 million. NewLink Genetics, which was founded in 1999, booked $2 million in sales over the last 12 months. The Ames, IA-based company plans to list on the NASDAQ under the symbol NLNK. Stifel Nicolaus Weisel (NYSE:SF), Canaccord Genuity, and Baird are the lead underwriters on the deal.

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

Last week, there were 3 IPO pricings. Groupon (NASDAQ:GRPN), which is leading e-commerce site used by merchants to offer customers daily discounts, was the week's winner, ending up 31% from its IPO price.