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IPO Roundup: Dell subsidiary one of eight companies pricing shares this week

Pivotal Software, a cloud software company, prices its IPO Thursday
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Vrio Corp is looking to raise the most in its IPO, aiming for $US653mln

Several initial public offerings are lined up for pricing this week, ranging from biopharmaceutical companies to banks.

Wednesday

GrafTech International Ltd., a New Jersey-based graphite company, will begin its IPO. Founded in 1886, the company supplies graphite electrode products to steelmakers. A total of 37.7 million shares will be made available for between US$21 and $24 per share. The company will list to the New York Stock Exchange under the ticker symbol “EAF.”

MorphoSys AG, a German biopharmaceutical company, will issue 8.3 million shares. The biotech company is looking to raise US$230mln and intends to price shares at US$24.12. It will be listed on the Nasdaq under the ticker symbol “MOR.”

Mereo BioPharma Group, a London-based biopharmaceutical company specializing in rare diseases, will issue 2.8 million shares priced at US$17.62. The company plans to list on the Nasdaq under the ticker symbol “MREO.”

Surface Oncology is looking to raise US$84mln on its IPO. The Massachusetts-based immunotherapy developer will price 6 million shares between US$14 and $16, listing on the Nasdaq under the ticker symbol “SURF.”

Vrio Corp., the holding company for AT&T’s DirecTV Latin America business, will list 29.6 million shares between US$19 and $22 on the NYSE under the ticker symbol “VRIO.” The Dallas-based company hopes to raise US$653mln.

Thursday

FirstCaribbean International Bank Ltd, a major bank in Barbados, the Bahamas, and Cayman Islands, is looking to raise up to US$226mln in its IPO. The bank will list 9.6 million shares priced between US$22 and $25 on the NYSE under the ticker symbol “FCI.”

Level One Bancorp, a commercial bank serving Southeastern Michigan, will issue one million shares priced between US$27 and $29. The firm will list on the Nasdaq under the ticker symbol “LEVL” and is looking to raise US$28mln.

Pivotal Software, a cloud software company and a subsidiary of Dell Technologies Inc, is offering 33.1 million shares priced at US$14 to $16. The San Francisco-based company, listing on the NYSE under the ticker symbol “PVTL”, would raise as much as US$497 million if the shares were priced in the middle at US$15.

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