The IPO Buzz: An IPO Cloud Tops A Full Marquee

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 |  Includes: CHUY, DFRG, EOPN, NGVC, NOW, PANW
by: IPOScoop

This week's IPO calendar sports eight deals. The last time there were more was for the week of May 7, when 12 IPOs were on tap, but only five made it to market. There is some good news this week. Another cloud-computing company is getting top billing, according to IPO handicappers.

Let's take a look.

E2open (NASDAQ:EOPN) plans to price 4.7 million shares at $15 to $17. The IPO is expected to start trading Thursday morning on the NASDAQ Global Market under the proposed symbol "EOPN." The lead manager is BofA Merrill Lynch. The co-managers are William Blair, Pacific Crest Securities, Canaccord Genuity and Needham.

Based in Foster City, California, E2open is a provider of cloud-based, on-demand software solutions to over 45,000 companies including Avon (NYSE:AVP), Boeing (NYSE:BA), Celestica (NYSE:CLS), Cisco (NASDAQ:CSCO), Dell (NASDAQ:DELL), Hitachi (HIT), IBM and others. The company offers a wide range of products and solutions that are delivered according to a software-as-a-service, or SaaS, model. Formed in 2000, the company has about 350 employees.

E2open plans to sell about 3.75 million shares and selling shareholders plan to sell about 937,000 shares. The company expects to have about 24.9 million shares outstanding after the offering.

The Cloud Sector

The last three cloud-computing IPOs were:

  • Palo Alto Networks (NYSE:PANW) priced its IPO of 6.2 million shares at $42 each on July 19. It closed on Friday, July 20, at $53.13, UP 26.5 percent from its initial offering price.
  • ServiceNow (NYSE:NOW) priced its IPO of 11.7 million shares at $18 each on June 28. It closed on Friday at $25.23, UP 40.2 percent from its initial offering price.
  • Infoblox (BLOW) priced its IPO of 7.5 million shares at $16 each on April 19. It closed on Friday at $20.40, UP 27.5 percent from its initial offering price.

The Whole Enchilada

Dining out?

There are two restaurant chains on the IPO calendar for this week: Chuy's Holdings and Del Frisco's Restaurant.

Chuy's Holdings (NASDAQ:CHUY) plans to price 5.8 million shares at $11 to $13 each on Monday evening. The IPO is expected to start trading on Tuesday morning on the NASDAQ Global Market under the proposed symbol "CHUY." The joint-lead managers are Jefferies and Baird. The co-managers are KeyBanc Capital Markets, Raymond James and Stephens.

Based in Austin, Texas, Chuy's is a fast-growing, full-service restaurant offering a menu of authentic, freshly prepared Mexican and Tex-Mex food. The company operates 32 restaurants in Texas, Tennessee, Kentucky, Alabama, Indiana, Georgia and Oklahoma. The company, formed in 1982, has about 4,000 employees.

Chuy's plans to sell all of the shares in the offering. It expects to have about 15 million shares outstanding after the offering.

Del Frisco's Restaurant Group (NASDAQ:DFRG) plans to price 7 million shares at $14 to $16 each on Thursday evening. The IPO is expected to start trading on Friday morning on the NASDAQ Global Market under the proposed symbol "DFRG." The joint-lead managers are Deutsche Bank Securities, Piper Jaffray and Wells Fargo Securities. The co-managers are Cowen and Raymond James.

Based in Southlake, Texas, Del Frisco's owns and operates three contemporary, high-end, complementary restaurant concepts. They are Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse and Del Frisco's Grille. The company operates 31 high-volume, full-service restaurants in 18 states. Formed in 1992, the company has about 3,100 employees.

Del Frisco's plans to sell about 4.3 million shares and selling shareholders plan to sell about 3.7 million shares. The company expects to have about 22.3 million shares outstanding after the offering.

Calling The Iron Chef

For those who prefer dining in to eating out, there's an IPO on this week's calendar that caters to anyone who likes to channel his inner Iron Chef - or her inner Rachael Ray.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) plans to price 7.1 million shares at $13 to $15 each on Tuesday evening. The IPO is expected to start trading on Wednesday morning on the New York Stock Exchange under the proposed symbol "NGVC." The joint-lead managers are SunTrust Robinson Humphrey and Piper Jaffray. The co-managers are William Blair and Canaccord Genuity.

Based in Lakewood, Colorado, Natural Grocers is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements. The company offers high-quality products at affordable prices. Natural Grocers has expanded to 54 stores in 10 states, as of May 2012, UP from 27 stores in three states as of September 2008. It plans to open five new stores in the rest of fiscal year 2012. Natural Grocers was formed in 1958.

Natural Grocers plans to sell about 3.6 million shares and selling shareholders plan to sell about 3.5 million shares. The company expects to have about 21.8 million shares outstanding after the offering.

Rounding out this week's calendar are four other offerings. For details, please see our IPO Calendar.

This brings us to next week. The IPO calendar lists three deals, including another cloud-computing company. It is Eloqua Limited (NASDAQ:ELOQ), but more on this later.

Stay tuned.

Disclosure: Neither the author nor anyone else on the IPOScoop.com staff has a position in any stocks mentioned, nor do they trade or invest in IPOs. The author and IPOScoop.com staff do not issue advice, recommendations or opinions.