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 April 25:

Red Rock Resorts (Station Casinos) – Las Vegas, 27.25 million shares, priced $18-$21, managed by Deutsche Bank/J.P. Morgan/BofA Merrill Lynch. Proposed Nasdaq symbol RRR. Business: Casino properties in Las Vegas.

Yintech Investment Holdings – Shanghai, China, 7.5 million shares, priced $12.50-$14.50, managed by Jefferies Group LLC. Proposed Nasdaq symbol YIN. Business: Online brokerage specializing in spot trading precious metals in China.

Global Water Resources – Phoenix Ariz., 1 million shares, priced $5.25-$6.25, managed by Roth Capital. Proposed Nasdaq symbol GWRS. Business: Utility company operating water and wastewater in Phoenix, Ariz.