Sep 22, 2016, 10:40 am EDT
Airgain Inc (NASDAQ:AIRG), which develops embedded antenna technologies, came public back in early August, with little fanfare. AIRG was unchanged on the first day of trading, but the dullness did not last long, as Airgain stock has since gained a sizzling 108%.
So what’s going on? Can this rally last? Or should investors be wary of AIRG stock?
Airgain’s embedded antenna technologies are for high performance wireless networks, such as those for the home and enterprises. The company distributes its 330 products through various large partners like Belkin International, DirecTV, Echostar Corporation (NASDAQ:SATS) and Huawei Technologies Co. Not only has this strategy pumped up growth — with 87 million units shipped last year — but it has also provided an effective means for testing new chipsets. Read
Sep 19, 2016, 12:14 pm EDT
The market for initial public offerings (IPOs) has been muted in 2016, but things are getting back into gear. Several key drivers are propelling demand for new stocks, such as Wall Street’s search for growth, overall bullishness in equities and continued innovation in the US economy.
Source: Mike Mozart Via Flickr
And a few IPOs this year have already logged eye-popping gains. Consider that Acacia Communications, Inc. (NASDAQ:ACIA) is up 390% and Twilio Inc (NYSE:TWLO) has returned 278%. So investors haven’t exactly been scared away from new stocks.
This week should be a good one if you’re looking for new stocks to invest in, as there are eight offerings on the calendar, including the biggest name of the bunch: the Valvoline IPO. Read
Sep 12, 2016, 2:57 pm EDT
When it comes to IPOs this year, the activity has certainly been muted. Keep in mind that there have been a mere 59 pricings so far.
To put this into perspective, 170 IPOs hit the market in 2015 and a whopping 275 came public a year before.
Despite this, it looks like things are starting to improve. Hey, Twilio Inc (NYSE:TWLO) has logged a gain of 277% and Acacia Communications, Inc. (NASDAQ:ACIA) is up 422%! Read
Sep 12, 2016, 1:22 pm EDT
Ashland Inc (NYSE:ASH) announced in a Form 8-K filing with the U.S. Securities and Exchange Commission on Monday that it has launched its Valvoline IPO.
Source: Mike Mozart Via Flickr
Here are a few things to know about the Valvoline IPO that will have it separating from Ashland.
The company will be offering 30 million shares of its common stock in the IPO.
Underwriters will have the option to purchase an additional 4.5 million shares.
Ashland will own 170 million Valvoline shares after the IPO is finished.
This will have it owning 85% of the company’s stock, or 83% if the underwriters purchase the additional 4.5 million shares.
It has applied to have its common stock listed on the New York Stock Exchange under the “VVV” ticker.
The company is expecting the stock to be priced between $20 per share and $23 per share.
Valvoline is expecting to raise about $605 million from its IPO.
The lubcricant company plans to acquire $980 million in debt after the IPO and transfer it to Ashland.
Ashland will use the money obtained from Valvoline to pay off some of its own debts.
The IPO could have the company raising as much as $793 million, before fees, if underwriters acquires the extra 4.5 million shares being offered to them.
Ashland is planning to spin off its stake in the company to its shareholders after a certain amount of time.
About 5% of the shares being sold in the IPO are being reserved for Valvoline employees and franchisees of the company’s Instant Oil Change stores.
Follow these links to learn more about the Valvoline IPO. Read
Sep 12, 2016, 11:31 am EDT
According to a report in The Information, it looks like Snapchat is talking to Wall Street bankers about maybe filing for an IPO later this year or early in 2017. This shouldn’t be surprising. The fact is, the timing looks pretty good for a Snapchat IPO.
First of all, the equities markets have continued to remain in the bull phase — although, there may still be some trepidation for the next few months because of the wild presidential election.
Next, there are already signs that investors are hungry for fast-growing tech deals — even if the companies are not profitable. Just take a look at Twilio Inc’s (NYSE:TWLO) 267% gains as well as Acacia Communications, Inc.’s (NASDAQ:ACIA) torrid 365% increase. Read
Aug 15, 2016, 3:49 pm EDT
Dropbox may launch its IPO as early as 2017.
The data storage company has hired advisers to discuss the possibility of going public with its stock. These preliminary talks are designed to determine Dropbox’s potential valuation and how realistic it would be for the company to get a listing.
At June’s Bloomberg Technology Conference — which showcases innovative Silicon Valley companies and products — Dropbox announced that it is finally free-cash-flow positive. A combination of revenue growth and discipline on costs helped make this a reality. Read