IPO Watch: PFMT, MANU, BLMN, CK, PSMI Friday, August 3, 4:37 PM ET
Next week will be a busy week for IPOs.
Performant Financial is expected to raise $150 million in a deal with lead underwriters being Morgan Stanely (NYSE:MS), Goldman Sachs (NYSE:GS), and Credit Suisse (CS). The Medicare Recovery Audit Contractor will trade under the symbol PFMT.
British soccer team Manchester United is expected to raise $300 million in a deal with lead underwriters beaing Jefferies (JEF), Credit Suisse (CS), JPMorgan (NYSE:JPM), Deutsche Bank (NYSE:DB) and Bank of America/Merrill Lynch (NYSE:BAC). The company will trade under symbol MANU.
Bloomin' Brands is expected to raise $300 million with lead underwriters being JPMorgan (NYSE:JPM), Deutsche Bank (NYSE:DB), Bank of America/Merrill Lynch (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). The operator of Outback Steakhouse will trade under the ticker BLMN.
CKE, operator of Carl's Jr. and Hardee's, is expected to raise $200 million with lead underwriters being Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Barclays (NYSE:BCS), and Credit Suisse (CS). The company will trade under the symbol CK.
Peregrine Semiconductor is expected to raise $82.5 million with lead underwriters being JPMorgan (NYSE:JPM) and Deutsche Bank (NYSE:DB). The semiconductor manurfacturer will trade under the ticker PSMI.
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