Only two IPOs priced this week, but they were hot! Here’s a quick look at the markets’ new publicly traded companies.
Bazaarvoice (NASDAQ:BV): The company develops cloud-based software that helps customers analyze social media like Facebook, Twitter and YouTube. The company has 737 active clients, which include large operators like Macy’s (NYSE:M), Home Depot (NYSE:HD) and Dell (NASDAQ:DELL). From 2009 to 2011, revenues surged from $22.5 million to $64.5 million.
Bazaarvoice priced its IPO at $12, which was above its $8-$10 range, and it was trading up around 40% in midday trading.
Proto Labs (NYSE:PRLB): This company makes it easy to create parts for prototyping new products. Traditionally, this has been an expensive process because of the use of high-priced labor. But Proto Labs has automated the key processes, and it now is common to turn around a part within a day — at a highly competitive price, to boot.
From 2007 to 2011, revenues grew from $35.9 million $98.9 million. The company also posted $26.9 million in income from operations last year.
Proto Labs issued 4.3 million shares at $16, which was above its $13-$15 range, and PRLB shares are up more than 71% in today’s trading.
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.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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