Sep 3, 2015, 11:17 am EDT
Timing is everything for an initial public offering, which gym operator Planet Fitness (PLNT) learned the hard way.
When the company launched its IPO in early August, it was on the heels of the markets move into a brutal correction. So on the debut of the deal, PLNT stock posted a return of zero and quickly fell from $16 to $13.65.
But as the market turned, so did Planet Fitness. As of now, PLNT stock is trading at about $18.70. Read
Aug 21, 2015, 12:47 pm EDT
The IPO market has been pretty mixed lately. While some offerings have soared — like Shake Shack (SHAK), Fitbit (FIT) and Shopify (SHOP) — many more have flopped. Then again, the overall market has seen an uptick in volatility.
Meanwhile, notable earnings disappointments — such as Etsy (ETSY) — have jarred the confidence of Wall Street. And with the S&P 500 down more than 4% since Monday, even some of the sturdiest stocks have been getting battered — to say nothing of fragile new stocks.
Yet, underneath all this mayhem, perhaps there are some interesting stocks to buy? Well, I think so. As I have always preached at the IPO Playbook, patience pays off for investors. Read
Aug 18, 2015, 2:28 pm EDT
Petco is no stranger to dealmaking, having gone private twice since 2000, but does that guarantee a smooth initial public offering for the animal supplies retailer?
Yeah, probably. Petco is, after all, a dominant player in an industry that continues to see growth.
Founded in 1965 as a mail order operation, Petco has gone on to build a massive footprint of 1,409 locations across all 50 states, the District of Columbia, Puerto Rico and Mexico (through a joint venture). Read
Aug 17, 2015, 10:01 am EDT
Last week, I told you that trying to get in on the IPO of Uber Technologies was a terrible idea, due to Uber’s valuation. Now, however, I’ve come across several other reasons you want nothing to do with this stock when it goes public.
The thing about Uber is that its strategy is to just enter markets and utterly scoff at regulations. The company just powers on through until it is challenged or gets thrown out of the market.
The problem is that, while the strategy has worked for the company so far, it isn’t a recipe for success for investors. Why should you take on all this risk? And yes, regulatory risk is substantial. Here’s how it lays out, along with other major problems for the Uber IPO. Read