Harver Group Releases IPO Forecast For July 2013


Posted October 9, 2013 by harvergroup

Tokyo based equity researcher Harver Group has released its predictions for the top performing IPOs of July 2013.

 
CHUO-KU, Japan -- Peter Anderson, Senior Vice President of Mergers and Acquisitions at boutique equity research house Harver Group in Tokyo today approved the release of the company’s IPO forecast, written by the company’s head of investment analysis Mr. Nathan Marx and Director of Private Equity Mr. Stephen James. Below are a few of the picks detailed in the report.

NGR Yield is a power generation company, owning assets in conventional, renewable, and thermal power. They are hoping to generate $392 million by selling 19.6 million shares at a price range of $19.00 to $21.00. NRG Yield which was founded in 2012 recorded over $180 million in sales during the last twelve months. The company is based in Princeton, New Jersey and will be on the New York Stock Exchange under the symbol NYLD. Goldman Sachs, Citi, Merrill Lynch, and Bank of America are the underwriters of the deal.

Rexford Industrial Reality is a real estate investment trust which owns and operates industrial properties in Southern California. They have filed a plan with US regulators to raise up to $300 million. They will be offering 16 million shares at a price range from $13 to $15. The company has recorded $35 million in sales during the last twelve months. The company is based in Los Angeles California and will be listed under the symbol REXR. Bank of America, Wells Fargo Securities, JP Morgan, and Merrill Lynch are the underwriters of the deal. Real estate investment trusts are particularly good for shareholders because they are required to distribute 90% of profits as dividends.

OncoMed Pharmaceuticals is a biotechnology company focusing on the improvement of cancer treatments by using monoclonal antibodies and other agents that target tumors initiating cells. They are planning to raise $60 million with an offering of 4 million shares at a price range of $14.00 to $16.00. OncoMed Pharmaceuticals recorded $25 million in sales during the last twelve months. The company was found in 2004 and is based in The Redwood City, California will be listed under the symbol OMED. Lee rink Swann and Jefferies & Co. are the underwriters of the deal.
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Issued By Harver Group
Country Japan
Categories Finance
Tags mr nathan marx , mr peter anderson , mr stephen james , harvergroupcom , harver group
Last Updated October 9, 2013