News

Initial public offerings scheduled to debut next week

NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of March 23:

Cellectis S.A. – Paris, France, 3.5 million American depositary shares, each representing one ordinary share, priced at $36.83 each, managed by BofA Merrill Lynch, Jefferies, and Piper Jaffray. Proposed Nasdaq symbol CLS. Business: Developing cancer immunotherapies based on gene-edited CAR T-cells.

Franklin Financial Network Inc. – Franklin, Tenn., 2.4 million shares, priced $24 to $27, managed by BofA Merrill Lynch. Proposed NYSE symbol FSB. Business: Tennessee commercial bank with 11 branches and $1.4 billion in assets.

Jernigan Capital Inc. – Miami, Fla., 5 million shares, priced $19 to $21, managed by Raymond James. Proposed NYSE symbol JCAP. Business: Newly formed REIT focused on lending to self-storage facilities.

SolarEdge Technologies Inc. – Herzilya, Israel, 7 million shares, priced $16 to $18, managed by Goldman Sachs, and Deutsche Bank. Proposed Nasdaq symbol SEDG. Business: Provides DC-optimized inverter systems for the solar industry.

Tantech Holdings Ltd. – Lishui City, China, 3.2 million shares, priced $4 to $6, managed by ViewTrade Securities. Proposed Nasdaq Capital Market symbol TANH. Business: Manufacturer of household bamboo charcoal products. Originally scheduled week of March 9.

ViewRay Inc. – Oakwood Village, Ohio, 4 million shares, priced $12 to $14 managed by Cowen & Co., and Stifel. Proposed Nasdaq symbol VRAY. Business: Markets the first and only FDA-approved MRI-guided radiation therapy system.

Wowo Ltd. – Beijing, China, 6 million American depositary shares, each representing 18 ordinary shares, priced $9 to $11, managed by Axiom Capital Management. Proposed Nasdaq symbol WOWO. Business: Operates an online mall connecting Chinese merchants and consumers via 55tuan.com. Originally scheduled week of February 16.

Yulong Eco-Materials Ltd. – Pingdingshan, China, 2.25 million ordinary shares, priced $6.25 to $7.25, managed by Axiom Capital Management, and Cuttone & Co. Proposed Nasdaq Capital Market symbol YECO. Business: Producer of fly-ash bricks and concrete used in construction.