4 firms set to make market debut
All eyes will be on Burger King's IPO, which could heat up the market for other companies.
By Grace Wong, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) - Burger King's hot-off-the-grill offering could heat up the IPO market for other companies looking to go public next week.

Burger King, the world's No. 2 hamburger chain, expects to offer 25 million shares at an estimated price of $15 to $17 a share. The company plans to list on the New York Stock Exchange under the ticker "BKC". (Full story.)

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Penson Worldwide, which provides processing services and products for hedge funds, banks, brokerages and others in the investment industry, plans to sell 7.47 million shares at an expected price of $15 to $17 a share.

The Dallas-based company is slated to list on the Nasdaq under the symbol "PNSN". The company said it expects to use the money raised from the offering to pay back debt and for a corporate reorganization. Credit Suisse First Boston and J.P. Morgan Securities are the lead underwriters of the deal.

Darwin Professional Underwriters is a specialty insurance group that provides liability insurance for the medical industry and for professionals outside of the health field. The company expects to sell 5.21 million shares at an estimated price of $15 to $17 a share. Credit Suisse and Merrill Lynch are the deal's lead underwriters.

The company, which is based in Farmington, Conn., plans to use the money raised from its IPO to redeem shares from its parent Alleghany Corp. (Research), which will own nearly 60 percent of the company's shares after the offering. Darwin Professional Underwriters intends to list on the New York Stock Exchange under the symbol "DR".

Restore Medical makes medical devices used to treat disruptive snoring. The company plans to sell 4 million shares at an expected price of $9 to $11 a share. Deutsche Bank and RBC Capital Markets are the lead managers of the deal.

The St. Paul, Minn.-based company intends to use money raised from the offering to expand its domestic and international marketing, develop new products and increase clinical studies. Restore Medical aims to list on the Nasdaq under the ticker "REST".

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.