IPO Calendar Getting Crowded
Chicken wings, appliances, software, an airline and another biotech company all will debut in the suddenly humming IPO market this week.
Regional carrier Pinnacle Airlines (PNCL:Nasdaq), a spinoff of Northwest Airlines (NWAC), is scheduled to sell 19.4 million shares at between $15 to $17.
The Memphis, Tenn.-based operator is expected to price on Thursday through underwriters led by Bear Stearns and Banc of America Securities.
In a calendar dominated by bricks-and-mortar companies, also watch for Nexstar Broadcasting (WLL:NYSE), a group of TV stations run out of Irving, Texas, which is selling 10 million shares within a $14 to $16 range.Also in that range is Whiting Petroleum, an oil and gas explorer based in Denver being spun off by Alliant Energy (LNT), which is selling 15 million shares, underwritten by A.G. Edwards and Merrill Lynch; and Buffalo Wild Wings, a Minneapolis-based restaurant chain specializing in chicken wings, with about 2.7 million shares being sold through SG Cowen and RBC Capital Markets. Buffalo Wild is expected to be priced Thursday. Three IPOs are all about the same size with $12-$14 price ranges: Cambridge, Mass.-based biotech TolerRx (TLRX:Nasdaq), selling 4.7 million shares (S.G. Cowen, J.P. Morgan); San Jose, Calif.-based Callidux Software (CALD:Nasdaq), selling 5 million shares (Citigroup); and Coons (CONN:Nasdaq), a consumer electronics and appliance retailer based in Beaumont, Texas, selling 4.15 shares (BancBoston Robertson Stephens, Robinson-Humphrey). All are expected to be priced on Wednesday.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV