Dec 28, 2012, 12:55 pm EDT
When Ruckus Wireless (NYSE:RKUS) came public in mid-November, investors were not interested. The shares plunged 18.3% on its first day of trading.
But it actually turned out to be a huge opportunity. Since the public offering, RKUS has surged about 84%.
So why the big miss? Keep in mind that the IPO market can get easily fidgety, especially when the general market is in a tailspin. And this was the case when Ruckus pulled off its IPO. At the time, the markets were falling in the wake of the Presidential election. Read
Dec 28, 2012, 11:26 am EDT
One of the breakout apps for 2012 is Snapchat. It’s fairly simple, allowing users to send messages and photos, which disappear within seconds after being viewed. All in all, it has been a great way for “sexting.”
On Dec. 14, Snapchat took its app to a new level and added the ability to send videos. Yes, traffic has continued to soar, with the app is now ranked No. 3 on Apple’s (NASDAQ:AAPL) App Store.
But according to the BBC, Snapchat users should have some concerns — that is, the videos may not really be erased. It’s really about the intricacies of the iOS architecture, which has a stubborn knack for maintaining data. By using a file browser on a computer, it’s possible to locate the video. Read
Dec 27, 2012, 12:32 pm EDT
“Poke” was an original feature on Facebook (NASDAQ:FB). It was essentially undefined, but a sexual connotation was certainly at work. Hey, the social network got its start on college campuses, right?
But over the past couple weeks, Facebook has transformed the Poke concept — that is, turning it into a mobile app. It was an obvious attempt to kill the momentum of Snapchat, which allows users to send messages that quickly disappear. Of course, the app has became popular for sexting.
Mark Zuckerberg claimed that it took his super-smart engineers only 12 days to develop Poke. And when it launched on Dec. 21, there was immediate uptake, with the app hitting No. 1 on Apple’s (NASDAQ:AAPL) App Store within 24 hours. Read
Dec 27, 2012, 11:25 am EDT
SeaWorld Entertainment has filed for an IPO. SeaWorld operates 11 amusement parks, which are home to 67,000 marine and terrestrial animals, including 28 killer whales!
The offering’s lead underwriters include Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), BofA Merrill Lynch (NYSE:BAC), Barclays (NYSE:BCS) and Wells Fargo (NYSE:WFC). While the proposed ticker is “SEAS,” the Securities & Exchange filing didn’t mention which exchange the company will list on.
And yes, the financials are solid. For the first nine months of 2012, revenues went from $1.079 billion to $1.161 billion. During this time, operating income climbed from $170.3 million to $228.7 million. Read
Dec 27, 2012, 11:17 am EDT
Health Insurance Innovations (HII), which operates a cloud-based platform for health insurance, has filed for an IPO to raise up to $86 million.
HII focuses on the sale of 12-month, short-term insurance plans, which are often half the cost of alternative major medical policies. A key advantage is HII’s core technology system, which analyzes large amounts of consumer data and purchasing habits.
The lead underwriters for the offering include Credit Suisse (NYSE:CS), Citi (NYSE:C) and BofA Merrill Lynch (NYSE:BAC). HII plans to list on Nasdaq under the symbol of HIIQ. Read
Dec 26, 2012, 1:47 pm EDT
California-based homebuilder TRI Pointe Homes, which focuses on single-family homes in planned communities, has filed for an IPO.
Although TRI Pointe got its start in the middle of the real estate depression in April 2009, its co-founders saw a big opportunity to create a next-generation regional homebuilder by developing sophisticated techniques to locate properties. TRI has sold over 350 homes, which have price points that span between $300,000 to $1.5 million.
Back in September 2010, the company received an equity commitment of $150 million from Starwood Capital Group. The head of that fund is Barry Sternlicht, a legend in the real estate business. Read