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Market Overview

IPO Thursday: DWRE, MTSI, ALSN On Sale Today

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What stress test? It appears there isn't much stress on Wall Street, at least not for lack of business, as three companies prepare to go public today.

Demandware, an e-commerce software provider and Allison Transmission Holdings, a heavy-duty transmission manufacturer each get tickers, respectively DWRE and ALSN, on the New York Exchange. Over at NASDAQ, M/A-Com Technology Solutions puts shares for sale to the public under the MTSI ticker.

Demandware is offering 5.5 million shares at $16 a piece for an initial market valuation of $88 million. The company priced its share offering late yesterday over the expected range of $12.50-14.50. Goldman Sachs (NYSE: GS), Deutche Bank (NYSE: DB), Oppenheimer (NYSE: OPY), Canaccord Genuity, William Blair and First Analysis Securities are on deck managing and underwriting.

Allison Transmission Holdings is offering 26.1 million shares at $23 apiece, for a market value of just over $600 million, the middle of its expected range. Bank of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan (NYSE: JPM), Credit Suisse (NYSE: CS), Morgan Stanley (NYSE: MS), Goldman Sachs (Barclay's Capital (NYSE: BCS) and Deutsche Bank all get paid on this deal.

Finally, M/A-Com Technology Solutions specializes in manufacturing analog chips for a range of high-tech industrues such as defense, aerospeace and communications. It is offering 6 million shares at $19 each, for a total market valiation of $114 million to start. Barclays Capital, JP Morgan, Morgan Keegan, Jefferies (NYSE: JEF), Needham, Raymond James (NYSE: RJF) and Stifel Nicolaus (NYSE: SF) divide IPO duties.

First trades should be rung anywhere between 10am and 2pm EST on respective exchanges.

 

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