2 IPOs Planned For This Week

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 |  Includes: CRSR, TRIA
by: Renaissance Capital IPO Research

The following IPOs are expected to price this week:

Corsair Components (CRSR), which designs and supplies personal computer gaming hardware components, plans to raise $78 million by offering 6.0 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Corsair Components would command a market value of $272 million. Corsair Components, which was founded in 1994, booked $480 million in sales over the last 12 months. The Fremont, CA-based company plans to list on the NASDAQ under the symbol CRSR. Stifel Nicolaus Weisel (NYSE:SF) and RBC Capital Markets are the joint bookrunners on the deal.

Tria Beauty (TRIA), which sells handheld laser devices to consumers for at-home hair removal, plans to raise $64 million by offering 4.6 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Tria Beauty would command a market value of $296 million. Tria Beauty, which was founded in 2003, booked $50 million in sales over the last 12 months. The Dublin, CA-based company plans to list on the NASDAQ under the symbol TRIA. Morgan Stanley (NYSE:MS), Piper Jaffray (NYSE:PJC) and Wells Fargo Securities (NYSE:WFC) are the joint bookrunners on the deal.

Last week, there was one IPO pricing. Facebook (NASDAQ:FB), which operates the world's leading social networking platform, ended up 1% from its IPO price.