IPO Roundup: DocuSign among several companies to price shares this week

A total of seven initial public offerings will be priced this week, including two biopharmaceutical companies on Monday.

Monday

Mereo BioPharma Group, a London-based biopharmaceutical, will price its shares on Monday. The company acquires drug candidates from existing companies, like AstraZeneca, and continues clinical trials that would otherwise be set aside. It will list on the Nasdaq under ticker symbol “MREO”, making a total of 2.8 million shares available at US$17.62 per share. It could raise up to US$49.3mln.

The second biopharmaceutical company pricing its shares this week is Alzheon Inc. The Massachusetts-based company develops treatments for patients with Alzheimer’s disease and other neurological disorders. It will list on the Nasdaq under the ticker symbol “ALZH”. A total of 5 million shares will be available between US$13 and $15. At the midpoint price of US$14, the biopharma company could raise US$70mln.

Thursday

Cloud software company Ceridian HCM Holding Inc will price its share on Thursday. Based in Minneapolis, the company provides human resource services, such as payroll and benefits, using its cloud platform. It will list on the New York Stock Exchange under the ticker symbol “CDAY”. 21 million shares will be made available in its IPO at US$19 to $21 per share. The company could raise as much as US$441mln.

Friday

Goosehead Insurance, a franchise insurance agency, is the first of several IPOs pricing its shares on Friday. The Texas-based company will list on the Nasdaq under the ticker symbol “GSHD”, offering 8.5 million shares between US$14 and $16. At the midpoint price of US$15, the insurance company could raise US$127.5mln.

NLight, a semiconductor and fiber laser company, will also price its shares on Friday. The Washington-based company’s lasers are used across several markets, including aerospace and defense. It will list on the Nasdaq under the ticker symbol “LASR”, offering 5.4 million shares between US$13 and $15. At the midpoint price of US$14, the laser company could raise US$75.6mln.

DocuSign, an electronic signature company, will price its shares at the end of the week as well. Based in San Francisco, the company provides service to 370,000 subscribers, as well as millions of non-paying users, according to its site. It will list on the Nasdaq under the ticker symbol “DOCU” and will offer 21.7 million shares between US$24 and $26. The company could raise as much as US$564.2mln.

Smartsheet.com, Inc is the last company on the list and the second human resources software company to price its shares this week. The Washington-based company provides a work management platform for companies like Colliers International and Mod Pizza. It will list on the New York Stock Exchange under the ticker symbol “SMAR”, offering 11.6 million shares between US$10 and $12. At the midpoint price of US$11, the tech company could raise US$127.6mln.

Story by ProactiveInvestors