Through TheFLY's Eyes: IPO & Syndicate Preview
from Joseph Lazzaro of Theflyonthewall.com
IPO & Secondary Preview: Schedule For The Week Of Jan 15, 2007
Wall Street’s equity offering season heats-up this week with 11 deals on the docket, including 2 IPOs. Those deals tentatively scheduled to price include:
*MV Oil Trust (MVO), a 7.5M-share IPO to fund the trust's oil & gas operations. MVO has a $19.00-$21.00 filing range.
*Oculus Innovative Sciences (OCLS), a developer of wound/infection treatments, has set a 3.5M-share IPO with a $8.00-$10.00 filing range. This IPO was re-scheduled from December 2006.
*CoBiz (COBZ), 2.4M-share Secondary for general corporate purposes
*DiamondRock Hospitality (DRH), a 14.5M-share Secondary to help fund a portion of the purchase of the Boston Westin Hotel.
*InnerWorkings (INWK), an 8M-share Secondary to expand the company's sales force, to acquire/make strategic investments in complementary business, and for working capital.
*Kenexa (KNXA), a 3.75M-share Secondary to repay outstanding term loan obligations in connection with KNXA's acquisition of BrassRing LLC in November 2006.
*NaviSite (NAVI), a 7.66M-share Secondary. NAVI provides application management, professional services, and secure content delivery solutions for enterprises.
*RAIT Financial Trust (RAS), an 8.25M-share Secondary to repay debt and for general trust purposes.
*RAM Energy Resources (RAME), a 11.98M-share Secondary to repurchase all outstanding 11 1/2% senior notes, and to reduce other debt.
*SAVVI (SVVS), a 6.63M-share Secondary. SVVS provides infrastructure services for business applications.
*SMART (SMOD), a 12.5M-share Secondary. SMOD is a designer, manufacturer and supplier to original equipment manufacturers.
For the latest market intelligence on IPOs, Syndicate, and after-market trades, check out TheFLY Syndicate at www.theflyonthewall.com. [Subscription required.]