Three IPOs Planned for Week of Feb. 9 Will Help Indicate if IPO Market Thawing

After a nearly three month period without an IPO in the United States, three companies are slated to go public in the US the week of February 9. The three companies are:

• Mead Johnson, an Indiana-based maker of baby formula, that is being spun out of its parent company, Bristol-Myers Squibb Co.   Mead Johnson plans to list on the NYSE and sell 25 million shares in an estimated range of $21 to $24 per share.
• O’Gara Group Inc., a security firm, will seek to raise $144 million on the Nasdaq.
• Changing World Technologies Inc, a company that makes renewable diesel fuel, will seek to raise $35.75 million in a listing on NYSE Alternext.

Reuters reports that the last IPO to price was that of online university operator Grand Canyon Education Inc. back in Nov. 2008 (previously discussed here).

Read the Reuters article