IPO Market Blog

Market Commentary and Analysis... Straight from the Pros

IPO Action: Alibaba and the Road to Glory

Written by John Fitzgibbon on Sep 14th, 2014

This week an IPO will step from the calendar into legend to stand beside Facebook (FB) and Google (GOOGL). The name is Alibaba Group Holding (BABA – proposed). Each took a different road to fame.

 

Alibaba on the Turnpike

So far, the Alibaba IPO has been more traditional.

  • On May 6, 2014, the company filed for an IPO to raise $1 billion.

  • On Sept. 5, the company filed an amendment to offer 320.1 million American Depositary Shares at US$60 to US$66 each. The company expects to offer 123.1 million shares and selling shareholders plan to offer 197 million shares. The offering would raise US$20.2 billion, from the mid-point of its price range - making it the ...

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Categories: Market Commentary
Tags: Ali Baba IPO , Alibaba IPO , BABA IPO , IPO Action , IPO Calendar , IPO Commentary , IPO news , buzz , commentary , ipo , market , news

IPO Action: Restocking the IPO Shelves

Written by John Fitzgibbon on Aug 31st, 2014

Although the IPO calendar has been closed for the traditional Labor Day break, Wall Street was busy restocking the new-issues shelves. Last week 16 companies filed to go public. They were looking to raise about $2.6 billion. Those “sweet 16” deals made last week one of the busiest filing weeks in over eight years. During the week of May 16, 2006, a total of 20 IPOs were filed.

 

Hold on. There’s more.

 

On top of this traffic, countless other companies filed amendments updating their financials for the three months ended June 30, 2014. Note: People just don’t incur those enormous legal and accounting fees to file amendments, which can total over a million dollars, if they aren ...

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Categories: Market Commentary
Tags: Alibaba IPO , BABA IPO , Hot IPOs , IPO Action , IPO Calendar , IPO Pipeline , Upcoming IPOs , buzz , commentary , ipo , market , news

IPO Action: Alibaba Days and Nights

Written by John Fitzgibbon on Aug 17th, 2014

Just because the IPO market is slipping into its traditional slumber from mid-August to mid-September doesn’t mean the rumor mill was quiet. More Alibaba Group Holding stories made the rounds last week. Pull up a chair. Here they are.

 

The latest scuttlebutt: Expect Alibaba to file its pricing terms on Tuesday, Sept. 2; launch its road show and price its IPO at $25 per share on or about Tuesday, Sept. 16. There’s talk that the deal will raise $20 billion. If all this is true, then the size of the offering would be 800 million American Depositary Shares. The back story: Bankers reportedly want to get the deal out the door ahead of the Jewish holidays.

 

Hold on ...

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Categories: Market Commentary
Tags: Google IPO , IPO Action , IPO Calendar , IPO Pipeline , Visa IPO , buzz , commentary , ipo , market , news

IPO Action: IPO Train’s Late Summer Run

Written by John Fitzgibbon on Aug 10th, 2014

The IPO Express is gearing up this week for what could be its final run of the summer. But the winds of August have not been at its back.

 

August’s calendar has been a struggle. To date, 11 IPOs have been priced, according to the U.S. Securities and Exchange Commission filings. Of that number, investor demand was so lackluster that five were priced below their original filing ranges. Four were priced within range and two came to market after they were priced above range.

 

That’s the bad news.

 

Now for the good news: Bankers mostly got the prices right. Seven of the 11 IPOs closed their opening day in the winner’s circle, two did not, and ...

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Categories: Market Commentary
Tags: BNK IPO , C1 Financial IPO , IPO Action , IPO Calendar , IPO News , IPO Pipeline , OTIC IPO , Otonomy IPO , buzz , commentary , ipo , market

IPO Action: Summer Rain and IPOs

Written by John Fitzgibbon on Aug 3rd, 2014

Stocks are bought on hope, held in greed and sold in fear. The driving force behind these emotions is interest rates, earnings and, at times, politics. Politics from the Middle East, Ukraine and Argentina rained on Wall Street’s parade last week. The summer downpour drove the major U.S. stock market indexes down well over 2 percent each.

 

The issuance of IPOs was mostly unaffected.

 

The calendar generated 17 offerings that raised about $7.2 billion. That was the most productive week since the week of Nov. 7, 2007, when 17 IPOs were priced, according to the U.S. Securities and Exchange Commission filings.

 

Last week’s calendar resulted in five IPOs priced above their filing ranges, six priced ...

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Categories: Market Commentary
Tags: DSKY IPO , HMLP IPO , Hoegh LNG Partners IPO , Hot IPOs , ICD IPO , IPO , IPO Action , IPO Calendar , IPO Market , IPO Pipeline , Independence Contract Drilling IPO , iDreamSky Technology IPO

IPO Action: Hot or Not, An IPO Summer Sale

Written by John Fitzgibbon on Jul 27th, 2014

It looks like the 2014 IPO market is holding an “end-of-summer” sale this week. The calendar has 22 new issues expecting to raise $6.7 billion. We have to reach back to 2000 for a busier IPO weekly calendar. This was the week of Sept. 25, 2000. That calendar had 23 new issues expecting to raise $2.95 billion; of this group, 18 got out the door.

 

Nevertheless, it is somewhat unusual for the IPO market to hold an “end-of-summer” sale. The historical pattern is the calendar fades away by mid-August. That’s vacation time for many of Wall Street’s bankers.  

 

Now back to the present and what makes this week’s IPO surge interesting.

 

As of the close ...

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Categories: Market Commentary
Tags: HQY IPO , IPO Action , IPO Calendar , IPO Pipeline , MBLY IPO , Mobileye IPO , RIGP IPO , SPKE IPO , SYF IPO , Spark Energy IPO , Synchrony Financial IPO , Transocean IPO , WLKP IPO , WSLK IPO , Westlake Chemical Partners IPO

IPO Action: July's IPO Steamroller

Written by John Fitzgibbon on Jul 20th, 2014

The IPO market has steamrolled through July’s first three weeks and is on track to produce the busiest July since 2000. Bankers have already priced 13 deals that raised $1.2 billion from the calendar for July so far.

 

Another 24 IPOs are on tap for the rest of the month that could raise another $5.9 billion. That would bring the total for July 2014 to 37 IPOs that could raise $7.1 billion. And guess what? There is still time to add to this traffic.

 

The busiest July in recent history came in 2000 when the calendar produced 42 IPOs that raised $8.6 billion. The busiest July on record was in 1986 when 79 IPOs made ...

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Categories: Market Commentary
Tags: El Pollo Loco Holdings IPO , El Pollo Loco IPO , IPO Action , IPO Calendar , IPO Pipeline , IRMD IPO , LOCO IPO , SAGE IPO , SPKE IPO , Sage Therapeutics IPO , Spike Energy IPO , TSQ IPO , Townsquare Media IPO , iRadimed IPO