IPO Market Blog

Market Commentary and Analysis... Straight from the Pros

IPO Action: A Change in the IPO Weather

Written by John Fitzgibbon on Feb 22nd, 2015

It is technology.

 

There was more to last’s week IPO traffic than two small health-care deals getting out the door. Two other health-care IPOs were postponed and two more were withdrawn. The focus was on the U.S. Securities and Exchange Commission filing window. Let’s take a quick look.

 

A Peek Through The Window

eASIC (EASI – proposed) filed for an IPO to raise $75 million. Based in Santa Clara, California, eASIC believes it has pioneered a differentiated solution that lets it rapidly  deliver custom integrated circuits in a cost-effective way, creating value for its customers’ hardware and software systems.

 

SolarEdge Technologies (SEDG – proposed) filed for an IPO to raise $125 million. Based in Israel, SolarEdge believes it has ...

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

IPO Action: Tech IPOs In, Health Care Out

Written by John Fitzgibbon on Feb 8th, 2015

When the IPO curtain rose on Monday, Feb. 2, the calendar had nine health-care issues looking to make their public debuts.

 

By the time that the IPO show ended on Friday, Feb. 6, only one of the nine health-care issues had made it out the door. It was a train wreck. Four of the others were postponed “due to market conditions,” two were rescheduled as “day-to-day” and two more were pushed back onto future calendars.

 

Nexvet Biopharma (NVET) was the train wreck. On Feb. 4, it priced its IPO of 4 million shares at $10 each, DOWN from 4 million shares at $13 to $16 each. That was a price cut of 31 percent. It didn’t help. The IPO ...

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

Syndicate Pro Closing Down

Written by Steve Phillips on Feb 3rd, 2015

Dear customers,


We are sad to report that Syndicate Pro will be closing down on March 4, 2015.  All subscribers will continue receiving our service through the end of that day, and will have any and all remaining paid-for days of service promptly refunded.


As a replacement for our service's market commentary, we recommend John Fitzgibbon's IPO Scoop.

 

The Syndicate Pro Team

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Categories: Announcements
Tags: closing , closing-down , farewell , goodbye , shuttering , so-long

IPO Action: To the Moon and Back

Written by John Fitzgibbon on Feb 1st, 2015

A moonshot, friends, is easy to recognize: By the closing bell on its first day of trading, the stock has doubled its IPO price - UP 100 percent – or more.

 

One of the moonshots last week attracted media coverage almost on a par with a visit from Prince William and the Duchess of Cambridge. The other deal, oddly enough, was mostly ignored.

 

An Explosive Appetite

Shake Shack (SHAK), the New York City-based restaurant chain, rocked and rolled. Wall Street’s appetite for the IPO turned out to be as intense as the craving that makes Shake Shack fans line up around the block for a burger or a concrete (a thick shake).

 

To re-cap: On Jan. 20, Shake Shack set terms ...

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

IPO Action: A Mouth-Watering IPO Menu

Written by John Fitzgibbon on Jan 25th, 2015

Shake Shack got a humble start in 2001 when it rolled a hot dog cart into New York City’s Madison Square Park. Reportedly, it was an instant hit. Lines formed daily throughout the summer months and Shake Shack was off to meet its future. In 2004, Shake Shack officially opened, and over the last 10 years, it has experienced rapid growth. The company has about 63 Shake Shacks in nine countries and 34 cities. In addition, the company plans to open at least 10 new domestic company-operated Shake Shacks each year. It believes over the long term that it has the potential to grow to at least 450 Shacks in new and existing markets.

 

An American Classic

But first ...

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

IPO Action: In and Out of The Box

Written by John Fitzgibbon on Jan 19th, 2015

On March 24, 2014, Box filed with the U.S. Securities and Exchange Commission for an IPO to raise $250 million. Its timing was not the best. The fortunes of the cloud-based stocks had topped out and were beginning to tank. Consider the following:

 

  • Castlight Health (CSLT) was to fall 71 percent to close at $11.54 on May 5, 2014, DOWN from $39.80 on March 3, 2014.

  • Q2 (QTWO) was to fall 68.9 percent to close at $10.03 on May 9, DOWN from $16.92 on March 21.

  • Veeva Systems (VEEV) was to fall 51.8 percent to close at $18.23 on May 9, DOWN from $37.80 on March 14.

  • Paylocity Holding (PCTY) was ...

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

IPO Action: Cranking Up the IPO Calendar

Written by John Fitzgibbon on Jan 11th, 2015

Let’s look at recent history:

  • 2014: The first IPO started trading Jan. 10; six more followed the week of Jan. 13, 2014 - mid-January.

  • 2013: The first IPO began trading Jan. 15 - mid-January.

  • 2012: The first IPO made its debut Jan. 19 – mid-January.

  • 2011: The first IPO started trading Jan. 13 - mid-January.

Now let’s move back to 2015 and revisit last week. On Tuesday, Jan. 6, two companies - Patriot National (PN – proposed) and Sutherland (SLD – proposed) - announced plans for their IPOs. Both will be priced on Thursday, Jan. 15, after the close. They will start trading on Friday, Jan. 16.

 

Two more companies joined the IPO calendar on Friday, Jan 9: County Bancorp (ICBK – proposed) and Box (BOX – proposed ...

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