Jul 2, 2015, 11:45 am EDT
All in all, IPO activity ramped up in the second quarter, which saw 70 deals come to market, according to Renaissance Capital. A key factor was the comeback in energy offerings as crude oil began to stabilize.
What’s more, there was some improvement in the biotech sector, which benefited from a rise in M&A activity.
Interestingly enough, the IPO market really started to heat up in June, which had 35 deals. It was actually the most active month since the August 2000, which was at the height of the dot-com bubble. Read
Jul 1, 2015, 12:15 pm EDT
Fitbit (FIT) stock has been on an absolute rampage since its red-hot IPO hit Wall Street less than two weeks ago. After pricing at $20 per share, the FIT stock price roared 48% higher on its first day of trading, closing just under $30.
Since then shares of the company — which is a leader in the wearable fitness product market — have generally continued a stubborn march higher, interrupted only by a brief pullback at the end of last week.
Although its only been public for the blink of an eye, it’s becoming clear to me — and many other investors, by the looks of it — that FIT stock is one of the most attractive growth opportunities in the stock market today. Here’s why it’s such a special company and why, even after the run-up, Fitbit stock is a buy. Read
Jun 25, 2015, 3:19 pm EDT
IAC/InterActiveCorp (IACI) got plenty of love from Wall Street on Thursday, with shares up about 4% in late afternoon trading. At $80 and change, IACI is sitting at fresh all-time highs.
The impetus: IACI has announced plans for an initial public offering of Match Group, which includes online dating apps including namesake Match.com, as well as Meetic, OkCupid, OurTime and yes, hugely popular Tinder. The division also includes The Princeton Review and the Daily Burn.
IACI Chairman Barry Diller never falls in love with assets. During his 20-plus years at the firm, he has pulled off a variety of spinoffs, including Expedia (EXPE), HSN (HSNI), Interval Leisure Group (IILG) and LendingTree (TREE). The total value creation of the dealmaking has come to a whopping $44 billion. Read
Jun 25, 2015, 6:00 am EDT
Before health and wearables star Fitbit (FIT) went public, I chatted on Fox Business about its prospects and called it a long-term hold at the time. Fitbit stock, which marked the fifth-biggest IPO of the year and had just been priced at $20 per share, has a lot to cheer about.
To sum it up, it’s a first mover in the growing “quantified self” market. As I mentioned then, 19 million people used wearables last year … and that number’s on track to explode to 196 million in a mere three years.
Sure, FIT will see competition from other players like Apple (AAPL) and its Apple Watch, but that doesn’t change the fact that it’s a popular consumer name and the leader of a growing market. Read
Jun 24, 2015, 12:05 pm EDT
One of the reasons for the slowdown in IPO activity this year has been the plunge in oil prices, which has resulted in much fewer deals in the energy sector. But lately, things have perked up after oil prices seem to have hit some level of support.
To take advantage of the recovery, Freeport-McMoRan Inc (FCX) has filed for an offering of Freeport-McMoRan Oil & Gas. The lead underwriter on the deal is Barclays (BCS), and the firm plans to list on the NYSE under the ticker of FMOG. The terms of the deal have yet to be set.
Freeport-McMoRan Oil & Gas is an upstream oil and gas operator, with a major focus on the deepwater of the U.S. Gulf of Mexico. The company believes it has an advantage because of its infrastructure, which has allowed for accelerated development and lower costs. Read
Jun 22, 2015, 3:52 pm EDT
2015’s IPO market hasn’t exactly been robust. At last check, we’ve seen 81 new stocks go live in deals that have raised just $15 billion, according to the Wall Street Journal.
For reference, last year’s Alibaba (BABA) IPO alone raised a whopping $25 billion.
Still, investors looking for new opportunities aren’t completely left in the cold. We just enjoyed the hugely successful Fitbit (FIT) IPO, which soared nearly 50% after aggressively raising its price range and the number of shares issued. And this week, investors can expect 13 new stocks to hit the markets. Read