Top IPOs This Week: One U.S., One Chinese E-commerce Site

The best-known of this week’s IPOs is Truecar Inc., the online seller of new cars from a network of more than 7,700 Truecar certified dealers across the U.S. We’ve already done a more detailed profile of this one. Just as a reminder, however, the company is expected to price 7.8 million shares in a range of $12 to $14 on Thursday and to begin trading Friday on the Nasdaq under the ticker symbol “TRUE.” At the midpoint of the IPO range, Truecar would be valued at $1.1 billion.

Jumei International Holding Ltd. operates China’s leading online beauty products site, jumei.com. The company plans to raise $195 million in an IPO price range of $19.50 to $21.50 and would have a valuation of $3.3 billion at the mid-point of that range. The IPO is expected to price on Thursday and begin trading Friday on the New York Stock Exchange under the ticker symbol “JMEI.” This one will be watched as a signal for the massive IPO currently expected from China’s Alibaba later this year.

Bankwell Financial Group Inc. is expected to price 2.22 million shares in a price range of $21 to $24, raising $50 million at a valuation of $141 million. The U.S. Treasury owns 10,980 Series C preferred shares in the bank after lending the company $10.98 million under the Small Business Lending Fund in 2011. The bank has repaid $287,615 to date and makes quarterly dividend payments of 1% to the U.S. Treasury. The bank’s stock already trades over-the-counter and will be listed on the Nasdaq under the ticker symbol ‘BWFG’.

Tecogen Inc. makes, sells, and services natural gas-powered combined heat and power (CHP) co-generation systems. The company plans to offer 2 million shares in a price range of $4.75 to $5.75 which would give the firm a market value of $94 million at the mid-point of the range. The stock is expected to price next week and begin trading on the Nasdaq under the ticker symbol “TGEN.” The firm withdrew an IPO in September 2013 that sought to raise $20 million at a market cap of $113 million.

Zendesk Inc. is a customer service software-as-a-service (SaaS) provider that plans to offer 11.1 million shares in an IPO price range of $8 to $10. At the midpoint of the proposed range, the company’s market value would be $712 million. Shares are expected to price on Wednesday and begin trading Thursday on the New York Stock Exchange under the ticker symbol ‘ZEN’.

ALSO SEE: Ten Analyst Stocks to Buy Under $10 for Big Upside