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This Week's IPOs

This week's IPO calendar includes expected pricings from:

Masimo Corp., an Irvine, Calif.-based provider of non-invasive patient monitoring products, has set its IPO terms to around 11.92 million common shares being offered at between $16 and $18 per share. It would have an initial market cap of around $950 million, if it were to price at the high end of its range. The company plans to trade on the Nasdaq under ticker symbol MASI, with Piper Jaffray and Deutsche Bank Securities serving as co-lead underwriters. Masimo has raised around $88 million in total VC funding since 1992, including a 2005 infusion at a $190 million post-money valuation. Backers include Invesco Private Capital (8.6% pre-IPO stake), Steelpoint Capital Partners (5.6%), DSV Partners (5.4%) and Franklin Templeton Group (5.3%). www.masimo.com

 

Cross Match Technologies Inc., a Palm Beach Gardens, Fla.-based provider of biometric technologies, has set its IPO terms to around 11.83 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol CROS, with Credit Suisse serving as lead underwriter. The company has raised VC funding from Gryffindor Capital Partners.

 

HireRight Inc., an Irvine, Calif.-based provider of on-demand employment screening solutions, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol HIRE, with Credit Suisse serving as lead underwriter. HireRight has raised around $35 million in VC funding from firms like DCM-Doll Capital Management (23.1% pre-IPO stake), Baird Venture Partners (7.1%), Mellon Ventures (29.2%) and St. Paul Venture Capital (20.9%). www.hireright.com

 

DemandTec Inc., a San Carlos, Calif.-based provider of consumer-centric merchandising software, has set its IPO terms to six million common shares being offered at between $10 and $12 per share. It would have an initial market cap of around $314 million, were it to price at the high end of its range. The company plans to trade on the Nasdaq under ticker symbol DMAC, with Credit Suisse and Morgan Stanley serving as co-lead underwriters. DemandTec has raised around $50 million in total VC funding since 1999, from firms like Crosspoint Venture Partners (34.8% pre-IPO stake), Cargill Ventures (15.9%), Altos Ventures (8.3%) and Athena Technology Ventures. Late last year it acquired TradePoint Solutions Inc., a Pleasanton, Calif.-based provider of online deal management software. www.demandtec.com