After just two new-stock pricings last week, the IPO market will accelerate this week as seven companies are expected to raise $1.7 billion in proceeds.
On the IPO calendar for the week of June 9 are two new stocks slated to debut Thursday, with the other five on Friday.
The largest initial public offering is Memorial Resource Development (NASDAQ:MRD), an energy company focusing on the development of natural gas and oil properties. At the midpoint of its expected price range of 16 to 18, it would raise $612 million from the sale of 36 million shares. It plans to list on the Nasdaq under the symbol MRD and trade Friday.
The second-largest upcoming IPO this week is Abengoa Yield (NASDAQ:ABY), a solar panel and electricity transmission provider being spun out of Spanish energy company Abengoa. It plans to raise $601 million by offering 23.1 million shares at a price range of 25 to 27. Scheduled to trade Friday, Abengoa Yield will list on the Nasdaq under the ticker ABY.
The other new tech stock is Zhaopin (NYSE:ZPIN), which operates China's most popular career website. It plans to raise $76 million by offering 5.6 million shares at a price range of 12.50 to 14.50, with trading set to start Friday. It will trade on the New York Stock Exchange under the symbol ZPIN.
Also due to start trading Friday is Aspen Aerogels (NYSE:ASPN), which manufactures high-performance aerogel insulation used in energy facilities. It plans to raise $101 million by offering 6.7 million shares at a price range of 14 to 16. It will trade on the NYSE under the symbol ASPN.
The two other upcoming IPOs are expected to debut Thursday. They are Trinseo (NYSE:TSE), a global manufacturer of specialty polymers and plastics; and Signal Genetics (NASDAQ:SGNL), which develops and sells cancer diagnostics.
At the end of last week, 117 IPOs had launched in 2014, up 51% from the same period last year, according to IPO investment and research firm Renaissance Capital.
By BRIAN DEAGON,
Source:http://news.investors.com/technology/060914-703868-new-ipo-stock-calendar-week-of-june-9.htm?ref=HPLNews
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