VIRT Stock: High-Frequency Trading Gets a Lift With the Virtu Financial IPO

Apr 16, 2015, 1:08 pm EDT
VIRT Stock: High-Frequency Trading Gets a Lift With the Virtu Financial IPO

The IPO journey for Virtu Financial, Inc. (NASDAQ:VIRT) has not been easy. But the firm, which is a top high-frequency electronic trading operator, was able to get its deal off the ground today.

Virtu Financial priced 16.5 million shares at $19 each, which was at the top of the $17 to $19 range. So far in today’s trading, the stock is up about 17%.

The lead underwriters on the deal included Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Sandler O’Neill, BMO Capital Markets, Citigroup Inc (NYSE:C), Credit Suisse Group AG (NYSE:CS), Evercore Partners Inc. (NYSE:EVR) and UBS Group AG (NYSE:UBS). Read 

Etsy Bolts Upward; Should You Buy This IPO?

Apr 16, 2015, 12:20 pm EDT
Etsy Bolts Upward; Should You Buy This IPO?

As expected, Etsy, Inc. (NASDAQ:ETSY) — which operates an e-commerce platform for handmade crafts — pulled off a red-hot IPO. The company priced 16.7 million shares at $16, which was at the top of the $14 to $16 range. And so far in today’s trading, the stock is up a sizzling 118%.

The lead underwriters on the deal included  Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS).

The roots of Etsy go back to the summer of 2005 when Rob Kalin browsed the web for places to sell his handmade wooden computers — but he quickly realized there wasn’t one! Read 

Shopify: Fast-Growing Ecommerce Operator Gears Up for an IPO

Apr 15, 2015, 4:03 am EDT
Shopify: Fast-Growing Ecommerce Operator Gears Up for an IPO

As widely expected, Shopify, which operates an ecommerce platform for small businesses, has filed for an IPO.

The Ottawa-based company plans to issue shares on both the NYSE — under the ticker of SHOP — and the Toronto Stock Exchange. The lead underwriters on the deal include Morgan Stanley (NYSE:MS), Credit Suisse Group AG (NYSE:CS) and RBC Capital Markets.

The roots of Shopify go back to 2006, when Tobias Lütke, Daniel Weinand and Scott Lake built an e-commerce site to sell snowboards. While doing this, they quickly realized that the process was extremely complicated and painful. Read 

7 New Stocks to Watch: Etsy, Party City Lead a Bustling Week

Apr 13, 2015, 1:27 pm EDT
7 New Stocks to Watch: Etsy, Party City Lead a Bustling Week

The market for new stocks has certainly been boring. Last week there were only two companies that pulled off their deals — and they both mustered gains of only 6%.

One of the new stocks was Wowo Ltd – ADR (NASDAQ:WOWO), which is known as the Chinese version of Groupon Inc (NASDAQ:GRPN). No doubt, this did not inspire much confidence on Wall Street. Keep in mind that GRPN is off about 71% since its own IPO.

Then there was the offering of Carbylan Therapeutics Inc (NASDAQ:CBYL), which is a clinical-stage biotech operator that is focused on treating osteoarthritis knee pain. But to get the deal done, the company had to sell 20% of the shares to insiders. Read 

The Bojangles’ IPO Looks Like a Home Run

Apr 7, 2015, 10:58 am EDT

Bojangles’, Inc., the Charlotte, North Carolina-based fast food chain, is coming to Wall Street. The southern staple famous for its delectable chicken and biscuits filed an S-1 with the SEC yesterday, announcing its intention to raise up to $100 million in an initial public offering.

The Bojangles’ IPO is upon us, finally.

The iconic southern restaurant has mulled an IPO for months, and The Wall Street Journal reported last November that the company was considering going public at a $1 billion valuation. Read 

Party City’s Next Event: An IPO (PRTY)

Apr 6, 2015, 12:48 pm EDT
Party City’s Next Event: An IPO (PRTY)

Party City, the world’s largest party supplies wholesaler and retailer, is even closer to an initial public offering.

An S-1 filing out today provided some details on the Party City IPO. The company — whose slogan is “Nobody Has More Party for Less” — plans to issue 21.9 million shares on the New York Stock Exchange at a range of $15 to $17. Assuming the Party City IPO is priced at the high end, the valuation of the company will be roughly $2 billion.

The proposed ticker is PRTY, and the lead underwriters on the deal include Goldman Sachs Group Inc (NYSE:GS), Bank of America Corp (NYSE:BAC), Credit Suisse Group AG (NYSE:CS), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Deutsche Bank AG (NYSE:DB) and JPMorgan Chase & Co. (NYSE:JPM). Read 

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