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IPO watch: 6 ready to launch
Companies ranging from an alternative fuel producer to a medical products maker poised to go public.
NEW YORK (CNNMoney.com) - No fewer than six companies are set to make their market debut this week. Here's a look at what's on tap:
Golfsmith International, founded in 1967, sells golf equipment, apparel and accessories. The Austin, Texas-based company operates 55 stores and plans on expanding its stores and increasing its Internet sales to grow its business. The company is planning to sell 6 million shares at an estimated price of $14 to $16 a share and list on the Nasdaq under the symbol "GOLF". VeraSun Energy is banking on growth in the renewable fuels industry to drive its business. The company, headquartered in Brookings, S.D., claims it is the nation's No. 2 ethanol producer by production. VeraSun is betting demand for ethanol will grow as consumers seek out cleaner burning fuel alternatives to regular gasoline. The company expects to sell 18.3 million shares at an expected price of $21 to $22 a share and list on the New York Stock Exchange under the ticker "VSE". Houston Wire & Cable Co. provides specialty wire and cable products and services to the U.S. electrical market. The Houston-based company operates 11 distribution centers in 10 states and aims to be a "one-stop shop" for its customers. The company is expected to sell 8.5 million shares at an estimated price of $12 to $14 a share. The Houston-based firm expects to list on the Nasdaq under the symbol "HWCC". Synchronoss Technologies provides software for communications service providers to manage orders and other transactions. The company targets high-growth industries and counts Cingular Wireless, Verizon Business and Comcast among its customers. Synchronoss is based in Bridgewater, N.J. and is planning to sell 7.6 million shares at an expected price of $9 to $11 a share. It plans to list on the Nasdaq under "SNCR". Verigy designs and manufactures test systems for the semiconductor industry. The company is a wholly owned subsidiary of Agilent (Research), which will own about 86 percent of the company after the IPO. Verigy plans to sell 8.5 million shares at an estimated price of $16 to $18 a share and list on the Nasdaq under "VRGY". Volcano Corp. makes devices designed to diagnose and treat heart disease. The company, based in Rancho Cordova, Calif., sells its products to doctors and technicians through distributors and a direct sales force. The company plans to sell 6.8 million shares at a forecast price of $10 to $12 a share. It expects to list on the Nasdaq under the ticker "VOLC". ------------------ |
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