CopyPastehas never been so tasty!

TCL Associates Releases IPO Forecast For The Week of August

by anonymous

  • 0
  • 0
50 views

Tokyo Based Equity Researcher TCL Associates releases its list of IPOs that they expect to hit the market the week of August 12th. Companies in a range of sectors from REIT, reinsurer, and medical services will have their IPO.

Aug. 14, 2013 - CHUO-KU, Japan -- Independence Reality Trust (IRT) is a real estate investment trust that owns properties in six American states. They will offer 4 million shares with a price range of $10 to $11 with the intention of raising $42 million. If successful Independence Reality Trust would have a market value $101 million. The company was founded in 2009 and is based in Philadelphia, PA. Over the past year they have recorded $17 million in sales. JMP Securities, William Blair, Compass Point, and Ladenburg Thalmann & CO are underwriting the deal.

Envision Healthcare (EVHC) who provides ambulance and outsourced medical services will offer 35 million shares with a price range of $20 to $23 with the intention of raising $753 million. If successful Envision Healthcare would have a market value of $3.9 billion. The company was founded in 2011 and is based in Greenwood Village, CO. Over the past year they have recorded $3.5 billion in sales. Bank of America Merrill Lynch, Barclays, and Goldman Sachs are underwriting the deal. 

Third Point Reinsurance (TPRE) is a casualty and speciality property reinsurer will offer 22.2 million share at a price range of $12.50 to $14.50 with the intention of raising $300 million. If successful Third Point Reinsurance would have a market value of $1.4 billion. The company was founded in 2011 and is based in Bermuda. Over the past year they have recorded $397 million in sales. Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch and JP Morgan are underwriting the deal.                                                                

China Commercial Credit (CCCR) is a lender to small businesses in China, who will offer 1.9 million shares at a price range of $6 to $7 with the intention of raising $13 million. If successful China Commercial Credit would have a market value $71 million. The company was founded in 2008 and is based in Wujiang China. Over the past year they have recorded $13 million in sales. Axiom Capital Management and Burnham Securities are underwriting the deal.