4 IPOs Planned For This Week

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 |  Includes: ANDA, ARGS, NSM, SIR
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Andina Acquisition Corp. (ANDAU), a blank check company focused on acquiring businesses in Colombia, plans to raise $50 million by offering 5.0 million shares at $10.00, for a market value of $63 million. The Bogota, Colombia-based company plans to list on the NASDAQ under the symbol ANDAU. EarlyBird Capital is the lead underwriter on the deal.

Argos Therapeutics (NASDAQ:ARGS), which is developing personalized immunotherapies for metastatic renal cancer and HIV, plans to raise $74 million by offering 5.3 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Argos Therapeutics would command a market value of $230 million. Argos Therapeutics, which was founded in 1997, booked $8 million in sales over the last 12 months. The Durham, NC-based company plans to list on the NASDAQ under the symbol ARGS. Lazard Capital Markets and Canaccord Genuity are the lead underwriters on the deal.

Nationstar Mortgage Holdings (NYSE:NSM), which is a leading non-bank residential mortgage loan servicer in the US, plans to raise $300 million by offering 16.7 million shares at a price range of $17.00 to $19.00. At the midpoint of the proposed range, Nationstar Mortgage Holdings would command a market value of $1.6 billion. Nationstar Mortgage Holdings, which was founded in 1994, booked $378 million in sales over the last 12 months. The Lewisville, TX-based company plans to list on the NYSE under the symbol NSM. BofA Merrill Lynch (NYSE:BAC), Citi (NYSE:C) and Credit Suisse (NYSE:CS) are the lead underwriters on the deal.

Select Income REIT (NYSE:SIR), a CommonWealth REIT carve-out with commercial properties primarily in Oahu, plans to raise $176 million by offering 8.0 million shares at a price range of $21.00 to $23.00. At the midpoint of the proposed range, Select Income REIT would command a market value of $660 million. Select Income REIT, which was founded in 2011, booked $109 million in sales over the last 12 months. The Newton, MA-based company plans to list on the NYSE under the symbol SIR. Morgan Stanley (NYSE:MS), BofA Merrill Lynch and Wells Fargo Securities (NYSE:WFC) are the lead underwriters on the deal.

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

Last week, there were 2 IPO pricings. Yelp (NYSE:YELP), a local business reviews website with 66 million monthly users, was the week's winner, ending up 63% from its IPO price.