8 IPOs Scheduled: Week Of July 23, 2012

Full IPO calendar available here.

AmREIT (AMRE)
Based in Houston, TX, AmREIT (AMRE) scheduled a $51 million IPO with a market capitalization of $645 million at a price range mid-point of $15, for Friday July 27, 2012.

AMRE owns and develops neighborhood and community shopping centers. The current portfolio is 96% leased. At the price range mid-point AMRE is projected to pay a 5.3% distribution.

Investors interesting shopping center REITs may also want to look at Retail Properties of America (RPAI), which IPO’d at $8 April 4, 2012, and recently was $9.73.

Avast Software N.V. (AVST)
Based in Amsterdam, NL, Avast Software N.V. scheduled a $90 million IPO with a market capitalization of $846 million at a price range mid-point of $10, for Thursday, July 26, 2012.

AVST is a leading global provider of security software delivered through a free-to-premium, or “freemium,” model.

AVST’s software is currently the world’s most widely-used consumer security software, with over 157 million actively protected devices as of April 30, 2012 in almost every country in the world.

Investors interested in virus software public companies should compare AVST with AVG (AVG) which IPO’d February 1, 2012 at $16 and recently traded at $10.25.

Chuy’s Holdings (CHUY)
Based in Austin, TX, Chuy’s Holdings scheduled a $70 million IPO with a market capitalization of $180 million at a price range mid-point of $12, for Tuesday July 24, 2012.

CHUY is growing, full-service Mexican and Tex Mex chain of 32 restaurants based in Texas.

IPO proceeds are allocated to repay debt and made a distribution to preferred stockholders. No IPO money is allocated for internal growth.

Investors interested in the specialty restaurant sector can compare CHUY with BJ’s Restaurants (BJRI) and Texas Roadhouse (TXRH).

Del Friscos Restaurant Group (DFRG)
Based in Southlake, TX, Del Friscos Restaurant Group scheduled a $105 million IPO with a market capitalization of $335 at a price range mid-point of $15, for Friday, July 27, 2012.

DFRG currently operates 32 high volume restaurants across 18 states, including Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille.

Investors interested in the steakhouse sector can compare DFRG with Ruth’s Hospitality (RUTH). Two other high volume steakhouses were public and have gone private: Morton’s Restaurant Group and Smith & Wollensky Restaurant Group.

E2open (EOPN)
Based in Foster City, California, E2open (EOPN) scheduled a $75 million IPO with a market capitalization of $400 million at a price range mid-point of $16, for Friday, July 27, 2012.

EOPN provides cloud-based, on-demand software solutions delivered on an integrated platform. EOPN’s platform enables companies to collaborate with trading partners to procure, manufacture, sell and distribute products more efficiently.

EOPN has raised $306 million from venture capital firms and as of February 29, 2012 had a negative net worth of -$33 million.

Hyperion Therapeutics (HPTX)
Based in South San Francisco, CA, Hyperion Therapeutics (HPTX) scheduled a $50 million IPO with a market capitalization of $174 million at a price range mid-point of $12, for the week of July 23, 2012.

HPTX is a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat disorders in the areas of orphan diseases and hepatology.

Investors interested in the biopharmaceutical sector can compare HPTX with Durata Therapeutics (DRTX) and Cempra (CEMP).

DRTX IPO’d July 18, 2012 at $9, priced down 25% from its price range mid-point, and recently traded around $9.26. CEMPT IPO’d February 2, 2012 at $6, priced down 50% from its price range mid-point, and recently trade around $8.15.

Natural Grocers by Vitamin Cottage (NGVC)
Based in Lakewood, CO, Natural Grocers by Vitamin Cottage (NGVC) scheduled a $100 million IPO with a market capitalization of $308 million at a price range mid-point of $14, for Wednesday Jully 25, 2012.

Natural Grocers is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements.

Investors interested in NGVC’s sector can compare them with The Fresh Market (THM) and Whole Foods Market (WFM).

Northern Tier Energy LP (NTI)
Based in Ridgefield, CT, Northern Tier Energy LP (NTI) scheduled a $326 million IPO with a market capitalization of $1.8 billion at a price range mid-point of $20, for Thursday, July 26, 2012.

NTI is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.

NTI is a carve-out from Marathon Oil (MRO), market capitalization of $19 billion. The deal happened in 2010 and was engineered by Goldman Sachs.