Oct 29, 2014, 3:28 pm EDT
Sientra (SIEN), a company that deals in breast implants, started its IPO today.
Sientra stock trades on the NASDAQ Global Select Market under the SIEN stock ticker. SIEN is priced at $15 a share and the IPO includes 5,000,000 shares of common stock. Underwriters also have the option of purchasing an additional 750,000 shares of common stock for $15 a share. The offer is expected to close on November 3, 2014.
Piper Jaffray and Stifel are book-running managers for the Sientra IPO. Leerink Partners and William Blair are working as co-managers for it. Read
Oct 27, 2014, 12:45 pm EDT
Roku, which makes a leading device for streaming online video, is preparing for an initial public offering, according to a report in the Wall Street Journal (paywall) last Friday. The company is reportedly in discussions with underwriters like Bank of America (BAC) and Citigroup (C). While most of the details are still sketchy, the timing looks good for a Roku IPO.
As seen with last summer’s GoPro (GPRO) offering, there is plenty of investor interest in innovative consumer electronics companies. Since GPRO pulled off its IPO in late June, the shares clocked a return of nearly 200% before slipping some in October.
Can a Roku IPO can do something similar? Perhaps so. Read
Oct 24, 2014, 2:07 pm EDT
When the markets go into correction mode, recent initial public offerings get whacked. Because IPOs tend to carry more risk, investors are more likely to dump them when fear is high.
And recently, we’ve gotten a pretty stark reminder of that.
Over the past few weeks, a number of IPOs have been bludgeoned pretty hard. Consider that year-to-date, roughly half of the 222 U.S.-listed IPOs are in negative territory, with 81 currently sporting double-digit losses. Read
Oct 20, 2014, 2:32 pm EDT
Nine new stocks were expected to hit the markets last week, but only five ended up completing their offerings, and of those, just two posted positive first-day returns.
You can blame a whole lot of market volatility for that.
This week is a little more reserved, with only five new stocks coming live … and of them, most are small, and one (EndoStim, which you can read about here) is a holdover from last week. For now, let’s take a look at the newest offerings: Read
Oct 20, 2014, 9:33 am EDT
It has been about a month since Alibaba (BABA) pulled off the biggest IPO in history, raising more than $25 billion. Yet the company has not escaped the wrenching correction in the equities markets. So far, Alibaba stock is off 10% from its high.
But this could be a nice entry point for investors interested in Alibaba stock. The fact is that BABA stock should benefit from strong long-term trends in its businesses, such as its ecommerce marketplaces, the cloud and payments.
There may also be a nice short-term boost from the expiration of the quiet period — which comes on October 29. Read
Oct 14, 2014, 9:32 am EDT
Online home furnishings retailer Wayfair (W) gained 30% in its first day trading as a public company. But in the days since, Wayfair stock has lost all of those early gains.
Those who bought Wayfair stock at the open October 2 are now down more than 20%, proving exactly why buying an IPO on the first day of trading is generally a bad idea.
Some of that drop is due to jittery markets. However, it’s also clear that Wayfair has its work cut out for it in the world of online retail. Competition is bloodthirsty; although it was able to generate almost $1 billion in revenue in 2013, there’s concern its momentum will stall as a result of its brand anonymity. Read