5 IPOs Expected to Price This Week

The following IPOs are expected to price this week:

Meru Networks (MERU), which provides wireless LAN solutions to small and large enterprises, plans to raise $61 million by offering 4,386,784 at a price range of $13.00 to $15.00. At the mid-point of the proposed range, Meru Networks will command a market value of $242.30 million. Meru Networks, which was founded in 2002, booked $69 million in sales over the last 12 months. The Sunnyvale, CA-based company plans to list on the NASDAQ under the symbol MERU. BofA Merrill Lynch are the lead underwriters on the deal.

Primerica (PRI), a spin-off of Citibank's life insurance and financial services businesses, plans to raise $234 million by offering 18,000,000 at a price range of $12.00 to $14.00. At the mid-point of the proposed range, Primerica will command a market value of $975.00 million. Primerica, which was founded in 1977, booked $2,220 million in sales over the last 12 months. The Duluth, GA-based company plans to list on the NYSE under the symbol PRI. Citi are the lead underwriters on the deal.

Scorpio Tankers (STNG), which provides seaborne transportation via three Panamax tanker vessels, plans to raise $188 million by offering 12,500,000 at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Scorpio Tankers will command a market value of $271.34 million. Scorpio Tankers, which was founded in 1971, booked $32 million in sales over the last 12 months. The Monaco ,Monaco-based company plans to list on the NYSE under the symbol STNG. Morgan Stanley, Dahlman Rose & Co are the lead underwriters on the deal. Alma Maritime (AAM), a Greek shipping company expected to price its IPO last week postponed its offering citing poor market conditions.

SS&C Technologies (SSNC), which provides back office software and outsourced services to financial industry, plans to raise $150 million by offering 10,725,000 at a price range of $13.00 to $15.00. At the mid-point of the proposed range, SS&C Technologies will command a market value of $1,054.97 million. SS&C Technologies, which was founded in 1986, booked $271 million in sales over the last 12 months. The Windsor, CT-based company plans to list on the NASDAQ under the symbol SSNC. J.P. Morgan, Credit Suisse, and Morgan Stanley are the lead underwriters on the deal.

Tengion (TNGN), which is developing functional neo-organs using a patient's own cells, plans to raise $40 million by offering 4,444,444 at a price range of $8.00 to $10.00. At the mid-point of the proposed range, Tengion will command a market value of $97.18 million. Tengion, which was founded in 2003, booked $0 million in sales over the last 12 months. The East Norriton, PA-based company plans to list on the NASDAQ under the symbol TNGN. Piper Jaffray, Leerink Swann are the lead underwriters on the deal.

Only 4 of last week's 7 expected offerings were able to sucessfully price their IPOs, though all managed to show positive returns. MaxLinear (MXL) was the winner of the group, ending the week up 33% from its offer price.