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May 18, 2012 10:43 AM EDT
Updated: Jun 1, 2010 1:16 PM EDT  
Market Commentary

IPOs

Sal Morreale    310-282-6500
 
Nobao Renewable Energy Holdings
RATING: F/S
SYMBOL: NRE
EXPECTED RANGE($): 8-10
BUSINESS: Provides ground source heat pumps used to heat and cool Chinese commercial buildings.

NUMBER OF SHARES(MIL): 18.0
UNDERWRITER: UBSW & CITI, JMPS
Welsh Property Trust
RATING: F
SYMBOL: WLS
EXPECTED RANGE($): 19-21
BUSINESS: Central US-focused REIT with a portfolio of 80 industrial and 8 office properties.

NUMBER OF SHARES(MIL): 17.5
UNDERWRITER: UBSW & JPMS, DBAB, RBCM, BARD, STFL

5 Stars = Up 3+

4 Stars = Up 1-3

3 Stars = Up 1/2 - 1

2 Stars = Up 1/4 - 1/2

1 Star = Up 1/4

 

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