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Sunday, June 29, 2014

Upcoming IPO for June 30th - July 3rd: AMBX, GBIM, ISTR, KNMD, MCLB, NERV, TAG

The coming week will not match the initial public offering (IPO) action we saw last week, with some 11 companies joining the ranks of publicly traded firms, but we do expect one new firm and six holdovers from last week to price shares and begin trading in the short week leading up to the July 4th holiday.

There are no blockbuster IPOs on tap for the week of June 30, certainly nothing as closely watched as last Friday’s GoPro Inc. (NASDAQ: GPRO) IPO. Here is a brief look at each of the coming week’s IPOs.

Ambrx Inc. is a biotechnology company developing protein therapeutics. The company plans to offer 5.4 million shares in an IPO price range of $12 to $14. This IPO was delayed a week. Pricing and trading dates are given as “day-to-day.” The stock will trade on the Nasdaq under the ticker symbol AMBX.

GlobeImmune Inc. is a biopharma firm developing treatments for cancer and other diseases. The company plans to offer 1.6 million shares at a price range of $15 to $17. This IPO was also delayed a week. Pricing and trading dates are given as “day-to-day.” The stock will trade on the Nasdaq under the ticker symbol GBIM.

Investar Holding Corp. is a bank holding company based in Baton Rouge, La. The company plans to offer 2.9 million shares in an expected price range of $15 to $17. Shares are expected to price Monday and begin trading Tuesday on the Nasdaq under the ticker symbol ISTR.

KineMed Inc. is a commercial stage biotech firm that plans to offer 4.5 million shares in an IPO range of $6.50 to $7.50. This IPO was also delayed a week. Pricing and trading dates are given as “day-to-day.” The stock will trade on the Nasdaq under the ticker symbol KNMD.

Microlin Bio Inc. is a development stage diagnostics and therapeutic company that expects to offer 6 million shares in a price range of $4.50 to $5.50. This IPO has been postponed in each of the past two weeks. Pricing and trading dates are expected this coming week, but no firm dates have been given. The stock will trade on the Nasdaq under the ticker symbol MCLB.

Minerva NeuroSciences Inc. is a clinical-stage biopharma company that plans to offer 5.5 million shares in a price range of $10 to $12. This IPO was also delayed a week. Pricing and trading dates are expected this coming week, but no firm dates have been given. The stock will trade on the Nasdaq under the ticker symbol NERV.

Taggares Agriculture Corp. plans to acquire, redevelop and operate profitable farmland in the Pacific Northwest. The company plans to sell 7 million shares in a price range of $6 to $7. This IPO was also delayed a week. The company plans to price the shares on Monday and begin trading Tuesday on the Nasdaq under the ticker symbol TAG.

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