3 IPOs Planned for the Week of June 27

AG Mortgage Investment Trust (MITT), an Angelo, Gordon-managed REIT planning to invest in residential mortgage assets, aims to raise $75 million by offering 3.8 million shares at a price of $20. At the proposed price, AG Mortgage Investment Trust will command a market value of $150 million. The New York, NY-based company plans to list on the NYSE under the symbol MITT. Deutsche Bank Securities (DB), Stifel Nicolaus Weisel (SF), and RBC Capital Markets are the lead underwriters on the deal.

Envivio (ENVI), which enables network providers to deliver high-quality video across multiple devices, plans to raise $66 million by offering 6 million shares at a price range of $10 to $12. At the mid-point of the proposed range, Envivio will command a market value of $289 million. Envivio, which was founded in 2000, booked $35 million in sales over the last 12 months. The South San Francisco, CA-based company plans to list on the NASDAQ under the symbol ENVI. Stifel Nicolaus Weisel and Piper Jaffray (PJC) are the lead underwriters on the deal.

HomeAway, Inc. (AWAY), which operates the world's largest online marketplace for vacation rentals, plans to raise $204 million by offering 8 million shares at a price range of $24 to $27. At the mid-point of the proposed range, HomeAway, Inc. will command a market value of $2.2 billion. HomeAway, Inc., which was founded in 2004, booked $184 million in sales over the last 12 months. The Austin, TX-based company plans to list on the NASDAQ under the symbol AWAY. Morgan Stanley (MS), Deutsche Bank Securities, and Goldman, Sachs & Co. (GS) are the lead underwriters on the deal.

Last week, there were 3 IPO pricings. None of last week's IPOs ended in positive territory. KiOR (KIOR), which is developing a platform to convert non-food biomass into fuel blendstocks, was the best of the group, ending the week trading at its IPO price.