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IPO Calendar: 9 New Stocks to Hit the Market This Week By Kyle Anderson

Monday, May 5, 2014 10:25
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(Before It's News)

IPO CalendarIt’s another loaded week on the IPO calendar as nine companies debut.

So far this year, 97 companies have held initial public offerings and 142 companies have filed for IPOs. That makes 2014 the busiest year for IPOs since the “dot-com” era of 1999 through 2001.

The biggest deal this week is for PBF Logistics (NYSE: PBFX), which debuts Friday and looks to raise $275 million. But it’s not the only big deal of the week – five other companies are all looking to raise more than $100 million each.

Here’s this week’s full list of IPOs and the financial details behind them.

IPO Calendar: This Week’s 5 Biggest Debuts

PBF Logistics (NYSE: PBFX) is a master limited partnership (MLP) that leases, operates, develops, and acquires crude oil and refined petroleum terminals, pipelines, and storage facilities. PBFX is the biggest IPO this week as the company tries to raise $275 million by offering 13.8 million shares at a range of $19 to $21. In the last year, PBFX brought in $51 million in revenue and is expected to have a market valuation of $635 million. PBFX will begin trading on the New York Stock Exchange on Friday, May 9.

GasLog Partners LP (NYSE: GLOP) is an owner and operator of liquefied natural gas carriers that reported revenue of $64 million in the last year. GLOP is looking to raise $168 million by offering 8.4 million shares at a $19 to $21 range. Following the IPO, the company is expected to have a market valuation of approximately $401 million. GLOP will make its public debut on the NYSE on Thursday, May 8.

Cheetah Mobile (NYSE: CMCM) is a Chinese mobile security app developer. It’s a spin-off from the investment holding company Kingsoft Corp. CMCM is planning to offer 12 million shares at a range of $12.50 to $14.50. By raising $162 million in its IPO, the company will have a market value of approximately $2.1 billion. In the last year, Cheetah Mobile had $122 million in revenue. CMCM stock will hit the NYSE on Thursday, May 8.

But those aren’t the only companies debuting this week. Here are six more to watch…

K2M Group Holdings (Nasdaq: KTWO) develops and sells medical equipment used in spinal surgeries. K2M is planning to raise $150 million in its initial public offering by selling 8.8 million shares at a range of $16 to $18. At that total, KTWO would have a market value near $677 million. In the last 12 months, KTWO has reported revenue of $158 million. KTWO stock will begin trading on the Nasdaq on Thursday, May 8.

Dorian LPG (NYSE: LPG) is a liquefied petroleum gas (LPG) shipping company headquartered in Connecticut. Through its IPO, the company is looking to raise $135 million by offering 7.1 million shares at a range of $18 to $20. Following the deal, LPG is expected to have a market value of $60 million. In the last year, LPG has brought in revenue of $33 million. LPG stock will begin trading on the NYSE on Friday, May 9.

Other Companies Holding IPOs This Week

Alder BioPharmaceuticals (Nasdaq: ALDR) will debut on Thursday, May 8. ALDR plans to raise $100 million by offering 7.2 million shares at a range of $13 to $15.

Tuniu Corp. (Nasdaq: TOUR) will debut on Friday, May 9. TOUR plans to raise $80 million by offering 8 million shares at a range of $9 to $11.

Radius Health (Nasdaq: RDUS) has not announced an exact date for its IPO. RDUS plans to raise $75 million by offering 5 million shares at a range of $14 to $16.

ECM Energy Services (NYSE: ECME) has not announced an exact date for its IPO. ECME plans to raise $20 million by offering 2.5 million shares at a range of $7 to $9.

Will you be investing in any of this week’s IPOs? Let us know on Twitter @moneymorning using #IPOs.

It’s time to look at the BRICS, and the global economic balance, with a totally new set of glasses. Because an emerging market game changer is here…

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The post IPO Calendar: 9 New Stocks to Hit the Market This Week appeared first on Money Morning – Only the News You Can Profit From.

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