Hilton Gets Closer to Its Mega IPO

Nov 27, 2013, 11:27 am EST
Hilton Gets Closer to Its Mega IPO

Hilton Worldwide filed an amended S-1, which set the proposed ticker as “HLT.” The company plans to list on the NYSE, and the deal is expected to come onto the market in late December. The underwriters include Deutsche Bank (DB), Goldman Sachs (GS), BofA Merrill Lynch (BAC) and Morgan Stanley (MS).

The IPO will be a big achievement for its owner, The Blackstone Group (BX). The firm took HLT private in a $26 billion transaction in 2007. However, because of the financial crisis and brutal recession, BX had to engage in tough cost cutting as well as restructuring of the debt.

Another key to the turnaround was to focus more on franchising — the company has other brands like Waldorf Astoria and Embassy Suites — which tends to be light on capital. BX also brought in a new CEO, Christopher Nassetta, and a variety of senior executives. Read 

Should I Buy TWTR Stock? 3 Pros, 3 Cons

Nov 27, 2013, 9:33 am EST

Twitter (TWTR) priced its IPO at $26 per share. In its first day of trading, TWTR stock gained 73%. That’s well above the average first-day return of 17% for IPOs in 2013.

Since then Twitter stock has lost 11% … but it remains solidly up over 50% from the TWTR IPO price.

So is Twitter a dud or a stud all in all? And should you buy TWTR stock? Let’s take a look at the pros and cons. Read 

TrueCar Might Test Drive an IPO in 2014

Nov 25, 2013, 1:56 pm EST
TrueCar Might Test Drive an IPO in 2014

TrueCar, which operates an ecommerce site for autos, is planning to launch an IPO in the first half of 2014, according to a report from Bloomberg.com. The process is still in the early stages as the company remains in discussions with potential underwriters like Goldman Sachs (GS) and JP Morgan (JPM).

The timing looks pretty good, given how well dot-coms have done this year. Consider that Shutterstock (SSTK) has posted a sizzling gain of 337% and Xoom (XOOM) is up 74%. Then there was the recent IPO from Twitter (TWTR), which spiked 73% on its first day of trading in early November.

But TrueCar should also benefit from the momentum in the auto market. Sales have been strong across the board, lifting the stock values of companies like GM (GM), Ford (F) and AutoNation (AN). Read 

Is Twitter Stock Poised for an 80% Plunge?

Nov 25, 2013, 12:36 pm EST
Is Twitter Stock Poised for an 80% Plunge?

Since its IPO in early November, Twitter (TWTR) has given up some ground. Twitter stock popped on its first day of trading, but shares of TWTR are off about 12% since then.

Plus, some investors think this is only the beginning of the downfall in TWTR stock. Consider that Pedro De Noronha, who manages the Noster Capital hedge fund, believes that Twitter stock could see an 80% wipe-out.

Is this an example of someone who wants to shamelessly grab headlines … or are there be legitimate concerns for a crash-and-burn of Twitter stock? Let’s take a closer look. Read 

Chrysler IPO Is Revving Up … for Early 2014

Nov 25, 2013, 12:01 pm EST
Chrysler IPO Is Revving Up … for Early 2014

We’re going to get a Chrysler IPO, it seems … just not until the first quarter of 2014.

According to a report in the Wall Street Journal, the Chrysler IPO should raise anywhere from $1.5 billion to $2 billion and fetch a market value of $10 billion to $11 billion, which probably will make it one of the largest transactions of 2014. The lead underwriter for the Chrysler IPO is JPMorgan (JPM), but the company has yet to select an exchange to list on.

While American auto aficionados/investors might be excited about the prospect of a Chrysler IPO, majority owner Fiat (FIATY) isn’t as stoked. CEO Sergio Marchionne has been engaged in tough negotiations with a United Auto Workers-affiliated medical trust to buy its 41.5% equity stake, which it received this because of the federal bailout in 2009. However, the sides haven’t been able to agree on a valuation. Read 

J. Crew: IPO-Bound in 2014?

Nov 22, 2013, 4:13 pm EST
J. Crew: IPO-Bound in 2014?

J. Crew Group appears to be gearing up for an IPO in 2014, according to a report in TheStreet.com. Although, it looks like the process is still in the early stages. But as seen with similar transactions like Burlington Stores (BURL), a J. Crew deal could get a nice reception from investors.

Of course, the company is national retailer of apparel and accessories. And yes, one of its notable customers is Michelle Obama.

Besides its namesake brand, J. Crew also owns crewcuts and Madewell. In all, the company operates 309 retail stores, 112 factory outlets and two clearance locations. Read 

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