Following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, Conn., (www.ipohome.com) and SEC filings. 2
Acquity Group Ltd.
Hong Kong, 5.6 million American depositary shares, each representing 2 ordinary shares, priced $8 to $10, managed by Citigroup and Oppenheimer. Proposed NYSE symbol AQ. Business: Provides e-commerce and online marketing solutions for clients' brands and platforms.
Ares Commercial Real Estate
Chicago, 7.7 million shares, priced $19 to $20, managed by Wells Fargo, Citigroup, and BofA Merrill Lynch. Proposed NYSE symbol ACRE. Business: Specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate.
China Auto Rental Holdings Inc.
Beijing, China, 11 million American depositary shares, each representing 4 ordinary shares, priced $10.50 to $12.50, managed by Morgan Stanley, J.P. Morgan, and BofA Merrill Lynch. Proposed Nasdaq symbol CARH. Business: Operates the largest car rental service in China.
Edgen Group Inc.
Baton Rouge, La., 15 million class A shares, priced $14 to $16, managed by Jefferies, Morgan Stanley, and Citigroup. Proposed NYSE symbol EDG. Business: Global distributor of specialty products to the energy sector, including steel pipe, valves, quenched and tempered and high yield heavy plate and related components.
South San Francisco, Calif., 7.8 million shares, priced $10 to $12, managed by Goldman Sachs, Deutsche Bank, and Stifel Nicolaus Weisel. Proposed Nasdaq symbol ENVI. Business: Enables network providers to deliver high-quality video across multiple devices. Company previously postponed its IPO in June 2011.
Supernus Pharmaceuticals Inc.
Rockville, Md., 5.8 million shares, priced $12 to $14, managed by Citigroup, and Piper Jaffray. Proposed Nasdaq symbol SUPN. Business: Former subsidiary of Shire plc with five product candidates that treat epilepsy, ADHD and depression.