Sabre Industries: The Only IPO Planned for This Week

Includes: SABR
by: Renaissance Capital IPO Research

The following IPO is expected to price this week:

Sabre Industries (NASDAQ:SABR), which provides towers and shelters for wireless infrastructure and electric transmission, plans to raise $91 million by offering 7,000,000 shares at a price range of $12.00 to $14.00. At the mid-point of the proposed range, Sabre Industries will command a market value of $168.78 million.

Sabre Industries, which was founded in 1977, booked $264 million in sales over the last 12 months.

The North Wales, PA-based company plans to list on the NASDAQ under the symbol SABR. Stifel Nicolaus Weisel, Baird, and Oppenheimer & Co. are the lead underwriters on the deal.

Last week, there were 6 IPO pricings. Yandex N.V. (NASDAQ:YNDX), which Russia's leading online search engine, was the week's winner, ending up 38% from its IPO price.

Disclosure: No positions

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