The action continues in the initial public offering market. According to Renaissance Capital, four companies are expected to price this week: KiOR, Pioneer Power Solutions, Stewart & Stevens LLC and Vanguard Health Systems.
Here’s what you need to know:
Capital raise: $200 mn
Price range: $19 to $21
Valuation at price range mid-point: $2.3 bn
Lead underwriters: Credit Suisse, UBS Investment Bank, Goldman Sachs
2. Pioneer Power Solutions
Capital Raise: $21 mn
Price range: $8 to $10
Valuation at price range mid-point: $68 mn
Lead underwriter: Oppenheimer & Co.
3. Stewart & Stevenson LLC
Capital raise: $240 mn
Price range: $14 to $16
Valuation at price range mid-point: $1 bn
Lead underwriters: JP Morgan, Goldman Sachs, Citi
4. Vanguard Health Systems
Capital raise: $550 m
Price range: $21 to $23
Valuation at price range mid-point: $1.6 bn
Lead underwriters: Bank of America Merrill Lynch, Barclays Capital, Citi
Source: Renaissance Capital
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