Six IPOs are scheduled for the week of October 22. The full IPO calendar is available here.
Based in Findlay, Ohio, MPLX (NYSE:MPLX) scheduled a $300 million IPO with a market capitalization of $1.1 billion at a price range mid-point of $15 for Friday, October 26, 2012.
MPLX is a oil mid-stream pipeline company sponsored by Marathon Petroleum (NYSE:MPC). MPC has a market capitalization of $18.5 billion.
MPLX expects to distribute $87 million for the 12 months ended December 2013, with a cash overage of $7.9 million. The annualized minimum distribution rate is 5.3% at the price range mid-point of $15.
Lehigh Gas Partners LP (LGP)
Based in Allentown, PA, Lehigh Gas Partners LP (LGP) scheduled a $120 million IPO with a market capitalization of $310 million at a price range mid-point of $20 for Friday, October 26, 2012
LGP wholesales gas to retail locations that are leased from an affiliate of Getty Oil.
The projected distribution is 8.8% for the year ended September 2013, with projected distributions of $26.3 million and a cash overage of $5.2 million.
Methes Energies International (MEILU)
MEILU mostly distributes biodiesel fuel produced by others.
To date, there is not a complete S-1 with price range information on file at sec.gov
One consumer brand:
Based in Dallas, TX, WhiteWave Foods (NYSE:WWAV) scheduled a $300 million IPO with a market capitalization of $2.55 billion at a price range mid-point of $15 for Friday, October 26, 2012.
WWAV sells branded products in market segments that are growing (see below). It appears they may be somewhat capacity constrained in the U.S., where they have outsourced some of their packaging requirements.
Institutional investors are in love with companies whose brands are competitively protected and are in growth markets.
Monroe Capital (NASDAQ:MRCC)
Based in Chicago, IL, Monroe Capital (MRCC) scheduled a $65 million IPO with a market capitalization of $65 million at a price range mid-point of $15 for the week of October 22, 2012.
MRCC is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The initial loan portfolio consists of 16 loans.
Based in London EC2A 4JH, UK, Aquasition (AQUUU) scheduled a $ 50 million IPO at a price range mid-point of $10 for the week of October 22, 2012.
AQUUU is a shell company based in the Marshall Islands.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: This IPO report is based on a reading and analysis of S-1 filings, and a separate, independent analysis by IPOdesktop.com. There are no unattributed direct quotes in this article.