After a rough patch, IPOs are back on track. The last quarter offered up fewer IPOs than any in recent memory, and October’s trajectory was only met with crushing losses to kick off the month. In fact, it is still too early to tell whether all of our IPO candidates will actually succeed in going public.
Here’s the next crop of venture capital and PE-backed companies to hit public exchanges—and, the pace of energy companies pursuing an IPO is starting to better reflect the industry’s appetite for M&A in 2011.
Underwriters: Credit Suisse, UBS Securities, Piper Jaffray
Backers: Energy Technology Ventures
Underwriters: Stifel Nicolaus Weisel, Leerink Swann LLC and Cowen & Company are joint bookrunners and Needham & Company is co-manager
Backers: Quaker BioVentures, Devon Park BioVentures, Aisling Capital, InterSouth Partners, Teachers’ Private Capital
Underwriters: JP Morgan & Citi
Backers: HBM BioVentures, Alta Partners, Gimv, Orbimed Health Advisors, HealthCap, Jennison Associates, Glaxo Group
Underwriters: Credit Suisse, Deutsche Bank Securities Corp., Macquarie Capital Partners LLC
Backers: $100M+ debt funding
Underwriters: Barclays Bank PLC, Deutsche Bank Securities Corp., Goldman Sachs
Backers: Already, eHi has gotten some serious eCapital: backers include Ignition Partners, CDH Investments, Jafco Asia and Qiming Weichuang Venture Capital Management.
[slide title=”Armstrong Energy”]
IPO Amount: The Roswell, New Mexico-based energy company aims to raise $69 million; affiliated Armstrong Resource Partners is also trying to raise $22 million in a separate offering
Underwriters: FBR Capital Markets Corp., Raymond James & Associates
Backers: Private equity firm Yorktown Partners is backing Armstrong Energy
Underwriters: China International Capital Corp., Jefferies & Co., Barclays Capital
Backers: Milestone Partners, Norwest Venture Partners, GSR Ventures Management, Tenaya Capital, Rebate Networks, Taishan Invest
Underwriters: UBS Investment Bank, Piper Jaffray
Backers: The company’s backers include TPG Capital, Oaktree Capital, and the Blackstone Group