initial public offerings (IPOs) trading on American exchanges

Tuesday, March 4, 2014

IPOs this week : March 3 - 7, 2014 (wk 10)

Three companies going public on Friday, March 7.

Year to date, 57 companies have gone public in the United States, and it's still only the first week of March. Through the first three months of 2013, only 36 companies filed for IPOs.

For investors looking to profit from the IPO market, this week's IPOs offer interesting opportunities in the tech and bioscience fields.

March 2014 IPO Calendar: Three IPOs to Watch

The biggest IPO of the week is that of Inc. (NYSE: COUP), the Internet company founded in 1998 that provides its customers with digital coupons.

IPO is looking to raise $130 million on Friday, March 7. The company is offering 100 million shares at an expected range of $12 to $14 per share. If the $13 price target per share is hit, will have a market value of approximately $1.1 billion.

In September, the company reported revenue of $115 million for the first nine months of 2013, a 51% gain from the previous year. Overall, it reported a net loss of $12.8 million in that time frame. That was down from a loss of $50.1 million for the same time period in 2012.

More than 2,000 brands and 700 consumer packaged goods companies use the company's platform to engage customers.

The company's underwriting team includes Goldman Sachs Group Inc. (NYSE: GS), Bank of America Corp. (NYSE: BAC), Allen & Co, Merrill Lynch, and RBC Capital.

Next on Friday's IPO calendar is Aquinox Pharmaceuticals Inc. (Nasdaq: AQXP), which will be offering 3.7 million shares at an expected range of $10 to $12 per share. Aquinox is expecting to raise approximately $41 million through the initial public offering.

Aquinox is a clinical-stage biotech company, founded in 2003. The company discovers and develops novel drug candidates that treat cancer and inflammation. Its lead product, AQX-1125, is an anti-inflammatory treatment that has completed three clinical trials.

Jefferies & Co. and Cowen & Company were the underwriters on the IPO. Aquinox will trade on the Nasdaq.

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