Investing

Ferrari Leads IPO Calendar for Week of October 19

Sole Elite Group Ltd., a China-based maker of shoe soles used in the manufacture of sports shoes, continues a weeks-long quest for entry to the public markets. The company plans to offer 3 million shares in an expected price range of $10 to $12 to raise $33 million at a fully diluted market cap of $198 million. Joint bookrunners for the offering are Dawson James and ViewTrade. The shares are shown as day-to-day and will trade on the Nasdaq under the ticker symbol SOLE.

The other delay offering is Sweden-based Oasmia Pharmaceutical AB. The pharmaceutical company plans to list American Depositary Shares (ADS) on the Nasdaq under the ticker symbol OASM. The company’s shares already trade on the Nasdaq Stockholm exchange and on the Frankfurt exchange. The sole bookrunner is Ladenburg Thalmann & Co. and the co-manager is Aegis Capital Corp. The company plans to price an unspecfied number of ADSes in a range of $5.75 and $7.75 per ADS and raise $23 million. One ADS is equal to three ordinary shares. The offering is indicated only for the week of October 19th. Renaissance Capital does not count this as an IPO in its statistical summaries.

The first new offering in the coming week is the innocuously named New Business Netherlands NV. Shortly before the IPO the company will change its name to Ferrari NV and offer 17.2 million shares in an expected price range of $48 to $52 million to raise nearly $860 million at an implied market cap of nearly $9.5 billion. Joint bookrunners for the offering are UBS Investment Bank, BofA/Merrill Lynch, Allen & Company, Banco Santander, BNP Paribas, J.P. Morgan, and Mediobanca. Shares are expected to price Tuesday and begin trading Wednesday on the New York Stock Exchange under the ticker symbol RACE.

Dimension Therapeutics Inc. is a gene therapy platform company focused on discovering and developing new therapeutic products for people living with rare diseases associated with the liver and caused by genetic mutations. The company plans to offer 5.5 million shares in an expected price range of $14 to $16, raising $82.5 million at an implied market cap of around $373 million. Joint bookrunners for the offering are Goldman Sachs and Citi. Lead manager is Wells Fargo Securities and co-managers are Canaccord Genuity and Cantor Fitzgerald. Shares are expected to price Wednesday and begin trading Thursday on the Nasdaq under the ticker symbol DMTX.

Multi Packaging Solutions International Ltd. is a global provider of value-added specialty packaging solutions focused on high complexity products for the consumer, healthcare and multimedia markets. The company plans to offer 18.8 million shares in an IPO price range of $15 to $17 to raise $300 million at an implied market cap of approximately $1.2 billion. Joint bookrunners for the offering are BofA/Merrill Lynch, Barclays, and Citi. Co-managers include Credit Suisse, Goldman Sachs, UBS Investment Bank, Baird, and BMO Capital Markets. Shares are expected to price Wednesday and begin trading Thursday on the New York Stock Exchange under the ticker symbol MPSX.

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