IPOs, Initial Public Offerings: pre & post IPO

Summary: 9 IPOs for April 16th week

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OIL/GAS

Midstates Petroleum (MPO)
Based in Houston, Texas, Midstates Petroleum (proposed MPO) scheduled a $408 million IPO with a market capitalization of $1.1 billion at a price range mid-point of $17 for Friday, April 20, 2012.  S-1

Manager,  Joint Managers:  Goldman; Morgan Stanley; Wells Fargo.

MPO is an independent exploration and production company focused on the development of oil-prone resources in the Upper Gulf Coast Tertiary trend onshore in central Louisiana.

All of MPO’s growth has been driven through the development of its leasehold acreage.

SandRidge Mississippian Trust II (SDR)
Based in Oklahoma City, Oklahoma, SandRidge Mississippian Trust II (proposed SDR) scheduled a $520 million IPO with a market capitalization of $1 billion at a price range mid-point of $20 for Wednesday, April 18, 2012.  S-1

Manager, Joint Managers:  Morgan Stanley; Raymond James;  BofA; Citigroup; RBC.
The present value (PV-10)combination of proved and probable reserves is $900 million, assuming oil is at $91 and natural gas is at $4 per thousand cubic feet.

TECHNOLOGY

Infoblox (BLOX)
Based in Santa Clara, California Infoblox (proposed BLOX) scheduled $98 million IPO with a market capitalization of $572 million at a price range mid-point of $13 for Friday, April 20, 2012.  S-1

Manager, Joint Managers: Morgan Stanley; Goldman; UBS.

BLOX is a leader in automated network control and provide an appliance-based solution that enables dynamic networks and next-generation data centers.  BLOX was founded in 1999 and, since that time, has expended more than $186.0 million in creating a solution.

Proofpoint (PFPT)
Based in Sunnyvale, California Proofpoint (proposed PFPT) scheduled $68 million IPO with a market capitalization of $325 million at a price range mid-point of $11 for Friday, April 20, 2012.  S-1

Manager, Joint Managers:  Credit Suisse; Deutsche.

PFPT is a pioneering security-as-a-service vendor that enables large and mid-sized organizations worldwide to defend, protect, archive and govern their most sensitive data.  PFPT was founded in 2002.

Splunk (SPLK)
Based in San Francisco, California, Splunk (proposed SPLK) scheduled a $122 million IPO with a market capitalization of $833 million at a price range mid-point of $9 for Friday, April 20, 2012.  S-1

Managers, Joint Managers:  Morgan Stanley; Credit Suisse; J.P. Morgan; BofA.

SPLK provides an innovative software platform that enables organizations to gain real-time operational intelligence (including optimization routines) by harnessing the value of their data.

PREMIUM LIFESTYLE
Tumi Holdings (TUMI)

Based in South Plainfield, New Jersey, Tumi Holdings (proposed TUMI) scheduled a $301 million IPO with a market capitalization of $1 billion at a price range mid-point of $16 for Friday, April 20, 2012.  S-1

Manager, Joint Managers:     Goldman; Credit Suisse; J.P. Morgan.
TUMI is a global, premium lifestyle brand whose products offer superior quality, durability and innovative design, according to TUMI.

MOVIE THEATERS
Digital Cinema Destinations (DCIN)

Based in Westfield, New Jersey, Digital Cinema Destinations (DCIN) scheduled a $16 million IPO with a market capitalization of $36 million at a price range mid-point of $8 for Wednesday, April 18, 2012.  S-1

Managers: Maxim Group; Dominick & Dominick

DCIN is essentially a blank check IPO that intends to grow by acquisition and intends to make a large (for them) acquisition with most of the IPO proceeds.

HOLDOVERS
In the IPO market a ‘holdover’ is a company that was unsuccessful selling its IPO on the date originally scheduled, usually due to lower than expected demand, which is a negative.

Enerkem’s (NRKM) $130 million IPO is rescheduled for the week of April 16, 20912, from April 4, 2012.    NRKM’s first SEC IPO filing was February 3, 2012.

Luca Technologies’s (LUCA) $102 million IPO is rescheduled for the week of April 16, 2012. from its original date of Friday, March 30, 2012.  LUCA’s first SEC IPO filing was June 29, 2011.

 

 

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