News

Initial public offerings scheduled to debut next week

NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of February 9:

AutoGenomics Inc. – Vista, Calif., 3.75 million shares, priced $11 to $13, managed by Stifel, Canaccord Genuity, and Cantor Fitzgerald. Proposed Nasdsq symbol AGMX. Business: Sells a molecular diagnostics system for genetic testing in clinical laboratories. Previously withdrew offering.

Arowana Inc. – North Sydney, Australia, 6 million units, each consisting of one ordinary share, one right, and one warrant, priced at $10 each, managed by EarlyBird, Capital. Proposed Nasdaq Capital Market symbol ARWAU. Business: Australian blank check company focused on the energy and education industries.

Avenue Financial Holdings Inc. – Nashville, Tenn., 2.5 million shares, priced, $11 to $13, managed by Keefe, Bruyette & Woods. Proposed Nasdaq symbol AVNU. Business: Bank holding company with five locations in the Nashville metropolitan area and $1 billion in assets.

Bellerophon Therapeutics LLC – Hampton, N.J. – 4 million shares, priced $14 to $16, managed by Leerink Partners, and Cowen & Co. Proposed Nasdaq symbol BLPH. Business: Developing drugs and devices to treat cardiopulmonary and cardiac diseases.

Check-Cap Ltd. – Israel, 1.2 million units, each consisting of one ordinary share and one-half of a warrant, priced $10 to $12, managed by Chardan Capital Markets, and Maxim Group. Proposed Nasdaq Capital Market symbol CHEKU. Business: Developing an ingestible imaging capsule that utilizes low-dose X-rays for the screening for colorectal cancer.

Great Ajax Corp. – Beaverton, Ore., 5.835 million shares, priced $15 to $17, managed by FBR, Sterne Agee, and Nomura. Proposed NYSE symbol AJX. Business: Focuses primarily on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences.

Inovalon Holdings Inc. – Bowie, Md., 22.2 million class A shares, priced $21 to $24, managed by Goldman Sachs, Morgan Stanley, and Citigroup. Proposed Nasdaq symbol INOV. Business: Provides healthcare analytics to payors, providers and pharmas.

Invitae Corp. – San Francisco, 5.35 million shares, priced $13 to $15, managed by J.P. Morgan. Proposed NYSE symbol NVTA. Business: Offers a broad suite of genetic tests as a single service at a low price.

Sol-Wind Renewable Power LP – New York, 8.7 million common units, priced $19 to $21, managed by UBS, Citigroup, and Wells Fargo. Proposed NYSE symbol SLWD. Business: LP formed to own, acquire, invest in and manage operating solar and wind power generation assets.