The following is a list of initial public offerings planned for the coming week. Sources include SEC filings and Renaissance Capital, Greenwich, Conn. (www.renaissancecapital.com).
Argos Therapeutics Inc.
Durham, N.C., 5.3 million shares, priced $13 to $15, managed by Lazard Capital Markets and Canaccord Genuity. Proposed Nasdaq symbol ARGS. Business: Biopharmaceutical company focused on the treatment of cancer and infectious diseases.
GCT Semiconductor Inc.
San Jose, Calif., 7.5 million shares, priced $7 to $9, managed by BofA Merrill Lynch. Proposed Nasdaq symbol GCTS. Business: Designer and supplier of 4G LTE and WiMAX wireless chips.
Home Loan Servicing Solutions Ltd.
George Town, Cayman Islands, 13.3 ordinary shares, priced $14 to $16, managed by Wells Fargo, Barclays, and Citigroup. Proposed Nasdaq symbol HLSS. Business: Recently formed to acquire mortgage servicing assets from Ocwen Financial.
Provident Mortgage Capital Associates Inc.
San Bruno, Calif., 8.3 million shares, priced at $15 each, managed by UBS, Credit Suisse, and Deutsche Bank. Proposed NYSE symbol PMCA. Business: Newly formed real estate finance company that will acquire residential mortgage loans, including primarily jumbo loans, residential mortgage-backed securities and other mortgage-related assets.
San Francisco, 7.15 million class A shares, priced $12 to $14, managed by Goldman Sachs, Citigroup, and Jefferies. Proposed NYSE symbol YELP. Business: Local business reviews site with 66 million web users and 5.7 million mobile app users monthly.