TCL Associates Releases IPO Forecast For The Week of August 12th


Posted September 9, 2013 by tclassociates

Tokyo Based Equity Researcher TCL Associates releases its list of IPOs that they expect to hit the market the week of August 12th. Companies in a range of sectors from REIT, reinsurer, and medical services will have their IPO.

 
CHUO-KU, Japan -- Independence Reality Trust (IRT) is a real estate investment trust that owns properties in six American states. They will offer 4 million shares with a price range of $10 to $11 with the intention of raising $42 million. If successful Independence Reality Trust would have a market value $101 million. The company was founded in 2009 and is based in Philadelphia, PA. Over the past year they have recorded $17 million in sales. JMP Securities, William Blair, Compass Point, and Ladenburg Thalmann & CO are underwriting the deal.

Envision Healthcare (EVHC) who provides ambulance and outsourced medical services will offer 35 million shares with a price range of $20 to $23 with the intention of raising $753 million. If successful Envision Healthcare would have a market value of $3.9 billion. The company was founded in 2011 and is based in Greenwood Village, CO. Over the past year they have recorded $3.5 billion in sales. Bank of America Merrill Lynch, Barclays, and Goldman Sachs are underwriting the deal.

Third Point Reinsurance (TPRE) is a casualty and speciality property reinsurer will offer 22.2 million share at a price range of $12.50 to $14.50 with the intention of raising $300 million. If successful Third Point Reinsurance would have a market value of $1.4 billion. The company was founded in 2011 and is based in Bermuda. Over the past year they have recorded $397 million in sales. Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch and JP Morgan are underwriting the deal.

China Commercial Credit (CCCR) is a lender to small businesses in China, who will offer 1.9 million shares at a price range of $6 to $7 with the intention of raising $13 million. If successful China Commercial Credit would have a market value $71 million. The company was founded in 2008 and is based in Wujiang China. Over the past year they have recorded $13 million in sales. Axiom Capital Management and Burnham Securities are underwriting the deal.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By TCL Associates
Website TCL Associates
Phone +81 3457 80443
Business Address Taiyo Seimei Nihonbashi Building, 2-11-2, Nihonbashi, Chuo-ku 103-0027 - Tokyo, Japan
Country Japan
Categories Finance
Tags tcl associates , tcl associates releases ipo forecast for the week of august 12th , tclassociatescom
Last Updated September 9, 2013