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Synchrony IPO – Largest So Far in 2014 – Hits Market This Week with 22 Companies Going Public By Kyle Anderson

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.

IPOs in 2014

The Synchrony IPO will take place on Thursday, and it’s expected to raise approximately $3.1 billion. That would easily make it the largest IPO of 2014 so far, outpacing the $2.6 billion raised by Ally Financial Inc. (NYSE: ALLY)from April.

And while Synchrony Financial (NYSE: SYF) will be the biggest IPO to watch this week, it’s just one of 22 companies going public as July wraps up.

According to the Financial Times, this week’s 22 IPOs make this the busiest week for IPOs since August 2000. That total may change however, as it’s not uncommon for companies to delay IPOs the week they’re supposed to begin trading. It’s possible some of these deals will be pushed back.

Here’s what investors need to know about each of this week’s upcoming IPOs.

IPO Calendar July 28 – August 1

Synchrony IPOSynchrony Financial (NYSE: SYF) is planning the largest IPO of the week and is looking to raise $3.1 billion by selling 125 million shares at a $23 to $26 range. Synchrony is a spin-off company of General Electric Co. (NYSE: GE)and is the financing arm of the company. SYF has been valued at approximately $20.4 billion. In its IPO filing, the company reported revenue of $10.5 billion in the last year. SYF will begin trading on the New York Stock Exchange on Thursday, July 31.

Catalent Inc. (NYSE: CTLT) provides oral, injectable, and respiratory drug delivery technologies to clients around the world. CTLT plans to raise $871 million through its IPO by selling 42.5 million shares between $19 and $22. In the last year, CTLT had revenue of $1.8 billion, and the company is expected to have a valuation of $2.4 billion following the IPO. CTLT will make its public debut on Thursday, July 31.

Mobileye N.V. (NYSE: MBLY) designs software and camera-based technologies for advanced driver assistance systems, and is based in Israel. These systems are designed to prevent automobile accidents. Through its IPO, MBLY is looking to raise $500 million by offering 27.8 million shares at a range of $17 to $19 per share. MBLY had revenue of $105 million in the last year and is expected to have a market value of $4.2 billion following the public offering. MBLY will hit the market on Friday, Aug. 1.

Money Morning members, see the remaining 19 companies that will be holding IPOs this week…

Transocean Partners LLC (NYSE: RIGP) is an oil company that operates three deep-water rigs in the Gulf of Mexico. RIGP is looking to raise $350 million in its IPO, and will be selling 17.5 million shares at a $19 to $21 range. Following the IPO, RIGP is expected to have a valuation of $1.4 billion. Last year, RIGP had had revenue of $558 million. RIGP will make its public debut on Thursday, July 31.

VTTI Energy Partners LP (NYSE: VTTI) owns, operates, develops, and acquires refined petroleum products and crude oil terminals. In the IPO, VTTI plans to raise $350 million by selling 17.5 million shares at a range of $19 to $21. VTTI had revenue of $302 million in the last year and the company is expected to have a market value of $821 million following the deal. VTTI will make its public debut on Friday, Aug. 1.

Westlake Chemical Partners LP (NYSE: WLKP) plans to raise $225 million by selling 11.3 million shares at a $19 to $21 range. WLKP will make its public debut on Wednesday, July 30.

FCB Financial Holdings Inc. (NYSE: FCB) plans to raise $221 million by selling 8.7 million shares at a range of $24 to $27. FCB will make its public debut on Friday, Aug. 1.

SIRVA Inc. (Nasdaq: SRVA) plans to raise $185 million by offering 11.6 million shares at a $15 to $17 range. SRVA will hit the market on Friday, Aug. 1.

Lantheus Holdings Inc. (Nasdaq: LNTH) is looking to raise $125 million by selling 9.3 million shares at a $12 to $15 range. LNTH will begin trading on Wednesday, July 30.

HealthEquity Inc. (Nasdaq: HQY) plans to raise $100 million by offering 9.1 million shares at a range of $10 to $12. HQY will hit the market on Thursday, July 31.

Auris Medical Holding AG (Nasdaq: EARS) is looking to raise $76 million by offering 6.9 million shares at a $10 to $12 range. EARS will hit the Nasdaq on Friday, Aug. 1.

Avalanche Biotechnologies Inc. (Nasdaq: AAVL) plans to raise $76 million by selling 5.4 million shares at a range of $13 to $15. AAVL will make its public debut on Thursday, July 31.

Vascular Biogenics Ltd. (Nasdaq: VBLX) is planning to raise $76 million by offering 5.4 million shares at a range of $13 to $15. VBLX will hit the market on Thursday, July 31.

Atara Biotherapeutics (Nasdaq: ATRA) plans to raise $75 million by selling 5 million shares at a $14 to $16 range. ATRA has not set a specific date for its IPO, but the deal is expected sometime this week.

Macrocure (Nasdaq: MCUR) is looking to raise $75 million by offering 5.4 million shares at a $13 to $15 range. MCUR will begin trading on the Nasdaq on Thursday, July 31.

Zosano Pharma (Nasdaq: ZSAN) is looking to raise $70 million by offering 6.4 million shares at a $10 to $12 range. ZSAN has not set a specific date for its IPO, but the deal is expected sometime this week.

Spark Energy (Nasdaq: SPKE) plans to raise $60 million by offering 3 million shares at a $19 to $21 range. SPKE has not set a specific date for its IPO, but the deal is expected sometime this week.

Tobira Therapeutics Inc. (Nasdaq: TBRA) is looking to raise $60 million by selling 4.6 million shares at a range of $12 to $14. TBRA will begin trading on Thursday, July 31.

Loxo Oncology Inc. (Nasdaq: LOXO) plans to raise $57 million by selling 4.4 million shares at a range of $12 to $14. LOXO will make its public debut on Friday, Aug. 1.

Marinus Pharmaceuticals Inc. (Nasdaq: MRNS) is looking to raise $52 million by selling 4 million shares at a range of $12 to $14. MRNS will make its public debut on Thursday, July 31.

Bio Blast Pharma (Nasdaq: ORPN) plans to raise $40 million by offering 3.3 million shares at an $11 to $13 range. ORPN has not set a specific date for its IPO, but the deal is expected sometime this week.

Mapi-Pharma (Nasdaq: MAPI) will attempt to raise $18 million 2.3 million shares for $8 each. MAPI has not set a specific date for its IPO, but the deal is expected sometime this week.

Get the most important IPO news as soon as it happens by following us on Twitter @moneymorning and @KyleAndersonMM.

Now: New SEC regulations are about to create a colossal market cash shift. Here’s what investors need to know now…

The post Synchrony IPO – Largest So Far in 2014 – Hits Market This Week with 22 Companies Going Public appeared first on Money Morning – Only the News You Can Profit From.

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