NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.
Week of May 12:
Bankwell Financial Group Inc. – New Canaan, Conn., 2.2 million shares, priced $21 to $24, managed by Sandler O’Neill and Keefe Bruyette Woods. Proposed Nasdaq symbol BWFG. Business: Commercial bank holding company with seven offices in Connecticut.
ECM Energy Services Inc. – Scottsdale, Ariz., 2.5 million shares, priced $7 to $9, managed by Maxim Group. Proposed NYSE-MKT symbol ECME. Business: Provides oil and gas equipment rentals and related services across the U.S.
ETRE REIT – New York, 3.7 million shares, priced $14 to $16, managed by Sandler O’Neill. Proposed Nasdaq symbol ECAV. Business: Recently formed to own and operate an office building in Washington, D.C.
Jumei International Holding Ltd. – Beijing, China, 9.5 million American depositary shares, each representing 1 class A ordinary share, priced $20 to $22, managed by Goldman Sachs Asia, Credit Suisse, and J.P. Morgan. Proposed NYSE symbol JMEI. Business: China’s largest online beauty products retailer.
SD Company Inc. – Vernal, Utah, 5 million shares, priced $5 to $7, managed by Roth Capital. Proposed NYSE-MKT symbol SDPI. Business: Manufactures new drill bit and horizontal drill string enhancement tools for the oil, natural gas and mining services industry.
ServisFirst Bancshares Inc. – Birmingham, Ala., 625,000 shares, priced $91 to $93, managed by Sandler O’Neill and Raymond James. Proposed Nasdaq symbol SFBS. Business: Commercial bank with 12 branches in Alabama, Florida and Tennessee.
Tecogen Inc. – Waltham, Mass., 2 million shares, priced $4.75 to $5.75, managed by Scarsdale Equities. Proposed Nasdaq symbol TGEN. Business: Sells and services commercial natural gas-powered cogeneration systems.
TrueCar Inc. – Santa Monica, Calif., 7.8 million shares, priced $12 to $14, managed by Goldman Sachs, J.P. Morgan, and RBC Capital Markets. Proposed Nasdaq symbol TRUE. Business: Online platform allowing consumers to get guaranteed pricing on new cars.
Zendesk Inc. – San Francisco, 11.1 million shares, priced $8 to $10, managed by Goldman Sachs, Morgan Stanley, and Credit Suisse. Proposed NYSE symbol ZEN. Business: Software development company with over 42,000 client accounts, that provides a software-as-a-service, customer service platform.