This week's IPO calendar is headlined by the $1.6 billion initial public offering (IPO) of Chinese e-commerce company JD.com, which will be making its public debut on Thursday, May 22. JD.com is China's second largest e-retailer and has been in the news lately because it is the biggest competitor to Alibaba Group Holding.
While Alibaba's IPO is expected to be one of the largest U.S. IPOs of all time at as much as $20 billion, JD.com is still one of the largest U.S. IPOs to date in 2014.
But it isn't the only profit opportunity for investors looking to play the IPO market now. Here's the full list of companies making their public debuts this week...IPO Calendar 2014: This Week's 8 IPOs
JD.com Inc. (Nasdaq: JD) is planning one of the largest IPOS of 2014 to date and is looking to raise $1.6 billion when it hits the Nasdaq on Thursday, May 22. JD.com is the second largest e-retail company in China and will have a market valuation of approximately $23.6 billion following the IPO. Through the deal, the company will offer 93.7 million shares at a range of $16 to $18 per share. In the last 12 months, JD.com has reported revenue of $11.1 billion.
Parsley Energy Inc. (NYSE: PE) is an independent oil and gas company that acquires, develops, and exploits unconventional oil and natural gas reserves in the Permian Basin. The PE IPO will be the second biggest deal of the week as the company looks to raise $724 million by offering 43.9 million shares at a range of $15 to $18. The company is expected to have a market value of approximately $1.8 billion following the IPO. In the last year, PE reported revenue of $162 million. PE stock will begin trading on the New York Stock Exchange on Friday, May 23.
21st Century Oncology Holdings Inc. (NYSE: ICC) is a network of cancer care centers and physicians based in Fort Myers, Fla. In its IPO, ICC plans to raise approximately $200 million by offering 13.3 million shares at a range of $14 to $16 per share. At that range, ICC will have a market value of $446 million. In the last year, ICC had revenue of $737 million. ICC stock will hit the NYSE on Wednesday, May 21.
And that's not all... check out these five other companies on the IPO calendar this week...
SunEdison Semiconductor Ltd. (Nasdaq: SEMI) is a silicon wafer manufacturer, whose products are used in the production of semiconductors. SEMI will make its public debut on the Nasdaq on Thursday, May 22. The company is looking to raise $101 million by selling 7.2 million shares at a range of $13 to $15. SEMI has revenue of $894 million last year and is expected to have a market valuation of $565 million following the IPO.
Heritage Insurance Holdings LLC (NYSE: HRTG) is a residential insurance company based in St. Petersburg, Fla. HRTG will make its public debut on the NYSE on Friday, May 23. The company is looking to raise $90 million by selling 6 million shares at a range of $14 to $16. Analysts expect the company to be valued at $438 million following the IPO. In the past year, HRTG reported revenue of $136 million.
Agile Therapeutics Inc. (Nasdaq: AGRX) will make its public debut on Thursday, May 22. AGRX plans to raise $60 million by offering 4.6 million shares at a range of $12 to $14.
First Foundation (Nasdaq: FFWM) has not announced an official IPO date, but is expecting to go public this week. FFWM plans to raise $50 million by offering 2.2 million shares at a range of $21 to $24.
Superior Drilling Products (NYSE: SDPI) has not announced an official IPO date, but is expecting to go public this week. SDPI plans to raise $30 million by offering 5 million shares at a range of $5 to $7.
What do you think of 2014's IPO Calendar - are you investing? Let us know on Twitter @moneymorning using #IPOs.
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