IPO Market Blog

Market Commentary and Analysis... Straight from the Pros

IPO Action: Nine Deals Dance into Mid-November

Written by John Fitzgibbon on Nov 16th, 2014

For that matter, this week’s planned IPO traffic is well above 2014’s average week.

 

Through Nov. 14, 246 IPOs have been priced that raised $80.2 billion, according to the U.S Securities and Exchange Commission filings. (These figures exclude unit offerings, closed-end funds and foreign companies offering American Depositary Shares representing shares already trading on their own national stock exchanges.) This makes an “average” 2014 IPO week equal to 5.3 deals that raised $1.74 billion. This week lists nine IPOs looking to raise $4.1 billion, including one that was slated to get out the door last week, but the unexpected happened.

 

Beyond the Speed Bump

eHi Car Services Ltd (EHIC – proposed), China’s No ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news

IPO Action: IPOs Ride with the Wind

Written by John Fitzgibbon on Nov 9th, 2014

Just like they did on the previous Friday, the Dow Jones Industrial Average and the S&P 500 ended on Friday, Nov. 7, 2014, at record closing highs and the Nasdaq Composite Index at its high for the year. This strength sparked activity around the U.S. Securities and Exchange Commission’s filing window.

 

Besides the eight pricings, six companies filed first-time plans to go public, 13 others filed updated amendments, and eight of those have found their way onto the calendar. This sets the stage for another busy week in the Land of IPOs.

 

Highlighting this week’s traffic are a couple of industrial sector in plays, a couple of yield plays, and what is reported to be on ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news

The IPO Buzz: November’s IPO Bull Run

Written by John Fitzgibbon on Nov 2nd, 2014

There are 13 IPOs on this week’s calendar. They are looking to raise about $1.8 billion. The word out is there to expect an avalanche of filings to fill out the rest of November’s calendar.

 

Last November produced 30 IPOs, according to U.S. Securities and Exchange Commission filings. That was a touch above “average” for November. The traffic has averaged 29 IPOs per November dating back to 1970. If everything gets out the door this week, we’ll be almost halfway to the “average” and have another three weeks to go - all thanks to the sharp turnaround in the U.S. stock market.

 

The stock market started its downward slide beginning in mid-September, when it was ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news

IPO Action: Energy Partnerships and Paydays

Written by John Fitzgibbon on Oct 26th, 2014

Shell Midstream Partners (SHLX – proposed) is said to be on the “most wanted” list of a lot of people. The company is a Houston-based limited partnership recently formed by Shell to own, operate, develop and acquire pipelines and other midstream assets. The company’s initial assets consist of interests in entities that own crude oil and refined products pipelines that serve as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast refining markets and deliver refined products from those markets to major demand centers. The partnership plans to pay a quarterly cash distribution amounting to 65 cents annually to yield 3.25 percent at the mid-point of its offering price.


The deal is expected to be ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news

IPO Action: Lean Harvest under a Cloudy Sky

Written by John Fitzgibbon on Oct 19th, 2014

At first glance, this week’s calendar of eight IPOs looks to be bountiful. But on closer inspection, it isn’t.

 

Three are new faces are pressing their noses against the IPO window. Four others are carryovers from past weeks, and the final IPO is planning to price over 33 million shares. But here’s what sets this last deal apart from the others. The trading for the offering is scheduled for the Nasdaq Global Market, jumping from the Over-the-Counter Bulletin Board. Some might call this an IPO, but it isn’t. It is a public offering.

 

Nevertheless, investors have more things to worry about than this week’s planned IPO traffic.

 

Storm Watch

Investors’ interest this week will be ...

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

IPO Action: Driving Past the Train Wreck

Written by John Fitzgibbon on Oct 12th, 2014

Last week’s stock market was a train wreck that cast a shadow across the IPO market. But it did not stop the new-issue traffic. Nine deals were priced last week, raising $1.17 billion. This week’s calendar looks to price nine more IPOs that expect to raise $2 billion.

 

What’s more, this week opens with a frisson. Chrysler, an old name from yesteryear, plans to rejoin the New York Stock Exchange and start trading on Monday. It is not an IPO.

 

The new name is Fiat Chrysler Automobiles N.V., previously known as Fiat S.p.A. In January, the Fiat board of directors reorganized the company, creating Fiat Chrysler Automobiles (FCA). Under the reorganization, Fiat S ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news

IPO Action: Pumping Up the October Calendar

Written by John Fitzgibbon on Sep 28th, 2014

Consider: From 2000 through 2013, the calendar generated 2,495 IPOs, according to the U.S. Securities and Exchange Commission filings. That made an “average year” equal to 192 IPOs and an “average month” equal to 16 IPOs. The Octobers of 2000 through  2013 chipped in with 262 IPOs. That made an “average” October equal to 19 IPOs. That’s 18.8 percent above the 13-year monthly average of 16 IPOs.


And this year, October opens with a calendar of 14 deals.


Highlighting this week’s new-issue traffic are a billion-dollar baby and a handful of IPOs that many players have on the “most wanted” list. Let’s get down to the meat of this week’s calendar.


Billion-Dollar Baby ...

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Categories: Market Commentary
Tags: buzz , commentary , ipo , market , news