Here's today's report on all the numerous IPOs out tdoay.. looks like SABA is the big one to watch.. followed by NMTC
and LEXG
Saba Software to lead Friday pack
Liveperson.com steers its price south
By Steve Gelsi, CBS MarketWatch
Last Update: 8:12 PM ET Apr 6, 2000 New! IPOWatch section
Net Stocks
NEW YORK (CBS.MW) -- IPO watchers appear to be psyched about Saba Software, which is among the front-runners in a big batch of initial public offerings expected to hit Wall Street on Friday.
Ben Holmes of IPO Pros gave a rating of "5" on a scale of 1 to 5 to the Redwood Shores, Calif.-based Saba (SABA: news, msgs).
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The company is eyeing a price range of $12 to $14 per share for its 4 million shares in a bid to raise $52 million. Goldman Sachs is lead underwriter on the deal.
Renaissance Capital (IPOSX: news, msgs) tapped Saba as its IPO pick of the week.
Renaissance called the company "a leader in the emerging market of business-to-business e-learning."
Saba licenses Internet-based software that enables firms to better manage their learning initiatives.
"Global 2000 firms such as Cisco and Ford have adopted Saba's solutions to procure and deliver learning courses and materials via Saba's online learning network," Renaissance said.
Numerical Technologies
Holmes said Numerical Technologies (NMTC: news, msgs) may debut its 5.5 million-share IPO at a price of $11 to $13 per share. The number Holmes has assigned Numerical is a very bullish "5."
The San Jose, Calif., company sells technology products and software products to help build smaller chips. The lead underwriter is CS First Boston.
Opus360
Opus360 (OPUS: news, msgs), which runs the Web site FreeAgent.com, is gearing up for a stock-market debut in which the purveyor of what it calls employment solutions and expertise.
It's offering 7.7 million shares at a range of $9 to $11 per share. Robertson Stephens is the lead underwriter.
Holmes and IPO Pros ranked the IPO a "3."
GoAmerica
GoAmerica (GOAM: news, msgs) is eyeing a price range of $14 to $16 for its 10 million-share IPO, whose lead underwriter is Bear Stearns.
The Hackensack, N.J., company is a provider of wireless Internet access.
It may do well on the heels of the strong performance from I3 Mobile (IIIM: news, msgs). See IPO Report.
"Wireless! Of all the groups to be involved in, this is one of the gold standards," Holmes said.
Liveperson.com
Liveperson.com (LPSN: news, msgs) said it now estimates the price for its IPO will be $10 per share, below its proposed price range of $13 to $15 per share.
The company is expected to debut its 4 million-share IPO on Friday. Chase Hambrecht & Quist is lead underwriter on the deal.
Both Dell (DELL: news, msgs) and NBC Internet (NBCI: news, msgs) have stakes in the New York-based firm, which builds technology for real-time sales and customer service for companies doing business on the Internet.
"I've seen this technology, and it's pretty cool," said IPO Pros' Holmes. "I like it for a few points right away."
The price adjustment doesn't bode well for the stock's aftermarket performance, however.
Lexicon Genetics
Lexicon Genetics (LEXG: news, msgs) is eyeing a price range of $22 to $24 per share for its IPO of 10 million shares. At the midpoint of that range, it would rake in $230 million. J.P. Morgan is Lexicon's lead underwriter.
Tanox
An IPO from Tanox (TNOX: news, msgs) is weighing in at nearly $200 million, with plans to offer 7 million shares at a range of $27 to $30 per share. Warburg Dillon Read is the deal's lead underwriter. |
