6 Hot Upcoming IPOs You Must Know

Following is information on potential IPOs.  Note that, with the exception of Yandex NV (NASDAQ:YNDX), all of the following are potential IPOs only, and may not proceed to an offering, or their offering may be delayed until some point in the future.  Data is sourced here and from company web sites.

  1. Yandex NV (NASDAQ:YNDX): Expected IPO date is May 23rd.  The offering is for 52.2 million shares, and the expected pricing range is $20 to $22 per share.  The lead underwriters are Morgan Stanley (NYSE:MS) and Deutsche Bank (NYSE:DB).  About the company:  Yandex calls itself the leading Internet company in Russia, “operating the most popular search engine and the most visited website.  In 2010, we generated 64% of all search traffic in Russia and were the largest Russian internet company by revenue.  In March 2011, our yandex.ru website attracted 38.3 million unique visitors.  We also operate in Ukraine, Kazakhstan and Belarus.” Yandex IPO: Russian Search Giant Adds to Internet Hysteria>>
  2. Active Network (NYSE:ACTV): Expected IPO date is May 24th.  The offering is for 11 million shares, and the expected pricing range is $16 to $18 per share.  The lead underwriter is Bank of America (NYSE:BAC).  About the company: Active Network describes itself: “We are a technology and media company powering the largest network of organizations, activities, and people. Our technology helps businesses automate and simplify operations, management and participation, while our media properties are home to millions of people looking for things to do.”
  3. Spirit Airlines (NASDAQ:SAVE): Expected IPO date is May 24th.  The offering is for 20 million shares, and the expected pricing range is $14 to $16 per share.  The lead underwriter is Citigroup (NYSE:C).  About the company: Spirit Airlines describes itself: “Spirit Airlines’ ULCC (Ultra Low Cost Carrier) approach liberates customers from being forced into paying for services they do not desire or use. When customers are seeking the best value in travel they can choose a low fare at spirit.com and select the services and options appropriate for their travel needs.” Competitors to Watch: AMR Corporation (NYSE:AMR), Southwest Airlines Co. (NYSE:LUV), United Continental (NYSE:UAL), JetBlue (NASDAQ:JBLU), US Airways (NYSE:LCC), Delta (NYSE:DAL) and AirTran Holdings (NYSE:AAI).
  4. Sabre Industries (NASDAQ:SABR): The expected IPO date is May 25th.  The offering is for 7 million shares, and the expected pricing range is $12 to $14 per share.  The lead underwriter is Stifel Nicolaus Weisel (NYSE:SF).  About the company: Sabre Industries describes itself: “Sabra Industries, Inc. provides highly-engineered power delivery structures used for electric transmission and distribution applications.  In addition, we supply infrastructure products and services used in substation applications and wireless communications.  Our products and services are critical to the development, expansion and maintenance of both power delivery systems and wireless communication networks.”
  5. Nobao Renewable Energy Holdings (NYSE:NRE): The expected IPO date is May 26th.  The offering is for 67.2 million shares, and the expected pricing range is $11 to $13 per share.  The lead underwriters are Citigroup (NYSE:C) and Deutsche Bank (NYSE:DB).  Bloomberg Businessweek describes the company: “Nobao Renewable Energy Holdings Limited provides clean energy management solutions in China utilizing ground source heat pump or GSHP technologies.  The Company offers integrated energy management solutions for buildings primarily through energy management contracts or EMCs, by designing, manufacturing, and installing GSHP heating, ventilation, air conditioning, and hot water supply systems.  It also provides post-installation maintenance services.  The company was founded in 2007 and is headquartered in Shanghai, the People’s Republic of China.
  6. Solazyme (NASDAQ:SZYM): The expected IPO date is May 26th.  The offering is for 10 million shares, and the expected pricing range is $15 to $17 per share.  The lead underwriter is Morgan Stanley (NYSE:MS).  The company describes itself: “We have pioneered an industrial biotechnology platform that harnesses the prolific oil-producing ability of microalgae.  We use standard industrial fermentation equipment to efficiently scale and accelerate the microalgae’s natural oil production time to just a few days.  Our platform is feedstock flexible and can utilize a wide variety of plant-based sugars, such as sugarcane-based sucrose, corn-based dextrose, and sugar from other biomass sources including cellusics.  By growing our proprietary microalgae in the absence of light using fermentation tanks to convert photosynthetic plant sugars into oil, we are in effect utilizing “indirect photosynthesis.”

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