Three IPOs this week

Three companies are likely to price this week. Two are in the tech sector, and one is in biopharm. Two are headed for NASDAQ, and one is headed for NYSE. Here's what you need to know:

1. Guidewire Software: this insurance technology company is looking to raise $83 mn in an offering of 7.5 mn shares priced $10 to $12 each. At the mid-point, it would be worth $641 mn. GWRE) IPO" href="http://www.insideipo.com/tag/guidewire-software">Guidewire Software plans to trade on NYSE under the symbol GWRE.

2. IntelePeer: the provider of an IP-bsed routing platform, IntelePeer is looking to raise $100 mn through an offering of 7.5 mn shares for between $9 and $11. At the mid-point, it would have a valuation of $416 mn. IntelePeer is set to list on NASDAQ and trade under the symbol PEER.

3. Verastem: the Boston-based biopharm company is eyeing a $50 mn capital raise by offering 4.5 mn shares at a range of $9 to $11. In the middle, it would hit a $196 mn valuation. Verastem is going to list on NASDAQ and trade under the symbol VSTM.

Click here for FREE email alerts from Inside IPO >>

Source: Renaissance Capital

Market News and Data brought to you by Benzinga APIs
Posted In: IPOsMarketsGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...