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MasterCard, Vonage IPOs could come this week
The credit card and Internet phone companies are two of the year's most highly anticipated initial public offerings.
NEW YORK (CNNMoney.com) - MasterCard and Vonage headline this week's IPO calendar. Both firms are looking to trade on the New York Stock Exchange, but their similarities end there. MasterCard is a well-established company banking on its solid financial performance to attract investors.
Internet phone company Vonage, meanwhile, is counting on its hypergrowth to drive interest for its offering. The following firms also are poised to make their market debut: Luna Innovations develops molecular and sensing technologies. The company's products include flame retardant materials and other protective coatings. The company is expected to sell 4 million shares at an estimated price of $11 to $13 a share. It plans to use the money raised from the offering to fund research and product development. The Roanoke, Va.-based company expects to list on the Nasdaq under the symbol "LUNA". Town Sports International Holdings owns and operates about 140 fitness clubs in the Northeast and Mid-Atlantic regions, including the New York Sports Club brand. Town Sports International is expected to sell about 10 million shares at an estimated price of $16 to $18 a share. The company plans to use proceeds to pay back debt. The New York-based company plans to list on the Nasdaq under the ticker "CLUB". Mueller Water Products makes water distribution products, including pipes, fire hydrants and valves. The Tampa, Fla.-based company plans to sell about 23.5 million shares at an expected price of $16 to $18 a share. The money raised from the offering will be used mostly to pay back debt. Mueller Water Products aims to list on the New York Stock Exchange under the symbol "MWA". ----------------- Click here for more upcoming IPOs.
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