Mar 30, 2012, 7:30 am EST
For 2012’s first quarter, the IPO market has been red-hot. Just yesterday, Annie’s (NYSE:BNNY) public offering soared by nearly 90%. Clearly, it wasn’t alone in making big IPO news during the period. So, what were some of the top IPO stories for the quarter? Let’s take a look:
Facebook Finally Files
The Facebook filing is definitely the biggest story for the quarter. The buzz is that the company will raise over $10 billion and will come public some time in May.
But there have already been some hiccups. A few weeks ago, Yahoo (NASDAQ:YHOO) filed a patent infringement suit against Facebook. The Internet portal alleged violations on 10 patents, which cover areas like personalized advertising, messaging and social networking. Read
Mar 29, 2012, 4:15 pm EST
Capitalizing on the surging market for mobile apps, Millennial Media (NYSE:MM) launched its IPO today. And it was a rocket — the shares almost doubled, giving it a market cap of close to $1 billion.
Millennial Media is the No. 2 mobile ad network in the US. The top player is Google (NASDAQ:GOOG), and the No 3. operator is Apple (NASDAQ:AAPL).
Growth has been sizzling for Millennial Media. From 2010 to 2011, revenues went from $47.8 million to $103.7 million. In fact, the net loss was a mere $287,000. Read
Mar 29, 2012, 1:11 pm EST
Facebook is gearing up for one of the biggest initial public offerings in recent history, but it looks like Mark Zuckerberg thinks it is a non-event. He recently blew off the first meeting with Wall Street bankers and analysts. Instead, he thought it was more important to focus on product development.
This week — after being spotted vacationing in China, no less — Zuckerberg landed in Japan and even met with Prime Minister Yoshihiko Noda. At least he took that seriously, though — Zuckerberg wore a suit for the occasion.
While in Japan, Zuckerberg discussed the importance of Facebook during the earthquake and tsunami last year. And the user count in Japan has doubled over the past six months alone, to a whopping 10 million. Read
Mar 28, 2012, 12:39 pm EST
Annie’s (NYSE:BNNY), which is a top brand for organic packaged foods, fed investors’ appetite for hot IPOs today. The company priced 5 million shares at $19, which was above the $16 to $18 range. In today’s trading, the stock is up over 72%. The lead underwriters included Credit Suisse (NYSE:CS) and JPMorgan Chase (NYSE:JPM).
Annie Withey co-founded Annie’s back in 1989 because she wanted to build a company focused on healthy — and delicious — foods. The first product was macaroni and cheese, which turned into a big hit.
But to turn the company into a national brand, Annie hired John Foraker as the CEO in 2004. It was a smart move. He wasted little time in moving into new categories. Annie’s is now the No. 1 natural and organic brand for macaroni and cheese, snack crackers, fruit snacks and graham crackers. Read
Mar 28, 2012, 12:00 pm EST
Vocera Communications (NYSE:VCRA), which develops mobile devices for the health care industry, issued 5.85 shares at $16 each — above the $12-to-$14 price range. And in today’s trading, the stock is up 33%. The lead underwriters included JPMorgan (NYSE:JPM) and Piper Jaffray.
Over the past decade, Vocera has manufactured wearable devices — which weigh less than 2 ounces — that allow nurses to have two-way communication. They are built to be durable, as well as usable in noisy environments.
“Our solution is fairly unique in our industry,” Vocera CEO Bob Zollars told me this morning. Read
Mar 28, 2012, 9:36 am EST
Last week’s botched IPO of the BATS Global Markets will rank as one of the worst deals in history. But there was at least one saving grace: Investors didn’t lose any money.
No doubt, IPOs can lead to great riches, as seen with transactions like Microsoft (NASDAQ:MSFT), Starbucks (NASDAQ:SBUX) and Wal-Mart (NYSE:WMT). But there’s also been a lot of carnage along the way.
Here’s a look at some of the goriest IPOs ever: Read