IPO performance was mixed last week. In fact, there were three deals that had to be postponed (one was because a company agreed to be acquired).
Here’s a rundown of the offerings:
Despite the volatility, the average return was still nearly 2%, which shows how one deal can make up for the duds!
For this week, 10 companies plan to hit the markets:
|Caesars Entertainment (CZR)||1.8M shares at $8-$10/share||Major casino operator|
|Cementos Pacasmayo (CPAC)||20M shares at $12-$13/share||Largest cement producer
|Ceres (CERE)||5M shares at $21-$23/share||Seed producer for bioenergy|
|ChemoCentryx (CCXI)||4M shares at $14-$16/share||Biotech focused on rheumatoid arthritis and Crohn’s disease|
|EPAM Systems (EPAM)||7.4M shares at $16-$18/share||Eastern European information-technology service provider|
|FX Alliance (FX)||5.2M at $14-$16/share||Operates a technology platform for foreign-exchange trading|
|GSE Holding (GSE)||7M shares at $8-$10/share||Manages waste for mining and other environmental matters|
|Roundys (RNDY)||18.2M shares at $10-$12/share||Supermarket chain in the Midwest|
|Synacor (SYNC)||6.8M shares at $9-$11/share||Provided technology systems to cable and telecom companies|
|TVAX Biomedical (TVAX)||2M shares at $9-$11/share||Biotech focused on cancer treatments|
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.