Tuesday, April 19, 2011

zipcar stock symbol - 6 IPOs Planned for the Week of April 18

zipcar stock symbol - 6 IPOs Planned for the Week of April 18 ; 21Vianet Group (VNET), the largest carrier-neutral Internet data center services provider in China, plans to raise $127 million by offering 11.5 million ADSs at a price range of $10 to $12. At the mid-point of the proposed range, 21Vianet Group will command a market value of $638 million. 21Vianet Group, which was founded in 1999, booked $80 million in sales last year. The Beijing-based company plans to list on the NASDAQ under the symbol VNET. Morgan Stanley (MS), Barclays Capital (BCS) and J.P. Morgan (JPM) are the lead underwriters on the deal.

Air Lease Corporation (AL), a global aircraft leasing company with a fleet of 46 commercial aircraft, plans to raise $663 million by offering 25 million shares at a price range of $25 to $28. At the mid-point of the proposed range, Air Lease Corporation will command a market value of $2.4 billion. Air Lease Corporation, which was founded in 2010, booked $58 million in sales last year. The Los Angeles, CA,-based company plans to list on the NYSE under the symbol AL. J.P. Morgan and Credit Suisse (CS) are the lead underwriters on the deal.

Mission NewEnergy Limited (MNEL), an Australian development-stage producer of Jatropha-based biodiesel, plans to raise $50 million by offering 4.5 million shares at a price range of $10 to $12. At the mid-point of the proposed range, Mission NewEnergy Limited will command a market value of $115 million. Mission NewEnergy, which was founded in 2005, booked $15 million in sales for the 12 months ended June 30, 2010. The Osborne Park-based company plans to list on the NASDAQ under the symbol MNEL. Chardan Capital Markets and Rodman & Renshaw (RODM) are the lead underwriters on the deal.

Responsys (MKTG), which provides on-demand software that enables email-based relationship marketing, plans to raise $61 million by offering 6.6 million shares at a price range of $8.50 to $10. At the mid-point of the proposed range, Responsys will command a market value of $492 million. Responsys, which was founded in 1998, booked $94 million in sales last year. The San Bruno, CA,-based company plans to list on the NASDAQ under the symbol MKTG. Morgan Stanley and Credit Suisse are the lead underwriters on the deal.

Sagent Pharmaceuticals (SGNT), which markets generic injectable drugs to the hospital market, plans to raise $75 million by offering 5 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Sagent Pharmaceuticals will command a market value of $392 million. Sagent Pharmaceuticals, which was founded in 2006, booked $74 million in sales last year. The Schaumburg, IL,-based company plans to list on the NASDAQ under the symbol SGNT. Morgan Stanley, BofA Merrill Lynch and Jefferies & Co. are the lead underwriters on the deal.

Tesoro Logistics LP (TLLP), an LP formed by Tesoro to own crude oil and refined products logistics assets, plans to raise $250 million by offering 12.5 million shares at a price range of $19 to $21. At the mid-point of the proposed range, Tesoro Logistics LP will command a market value of $623 million. Tesoro Logistics LP, which was founded in 1968, booked $93 million in sales last year. The San Antonio, TX,-based company plans to list on the NYSE under the symbol TLLP. Citi, Wells Fargo Securities (WFC) and BofA Merrill Lynch are the lead underwriters on the deal.

Last week, there were nine IPO pricings. Zipcar (ZIP), which operates the leading car sharing network in North America and the U.K., was the week's winner, ending up 51% from its IPO price.
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