10 New Stocks to Watch: Lending Club, Tech Lead the Way

Dec 8, 2014, 3:06 pm EST
10 New Stocks to Watch: Lending Club, Tech Lead the Way

It’s the final stretch for the IPO market for 2014, with just a couple more weeks of new offerings before things slow down for the holidays. Right now, though, things are fast, with 10 new stocks poised to come public this week.

Six of the new stocks are tech operators, but there are some notable no-shows, too — namely, there are no biotech or energy deals on the calendar, which isn’t too surprising as both groups have been under lots of pressure lately.

Let’s take a look at this week’s new deals: Read 

$40 Billion? An Uber IPO Looks to be a Ripoff

Dec 8, 2014, 1:26 pm EST

Uber, the popular and controversial company behind the eponymous wildly successful-ride sharing app, got one step closer to going public last week when a $1.2 billion fundraising round pegged Uber’s valuation at $40 billion. The staggering number sets up the inevitable Uber IPO to be a ripoff for individual investors.

For context, the $40 billion valuation implies that Uber is more valuable than the likes of Halliburton Company (HAL), United States Steel Corporation (X), and Orbitz Worldwide, Inc. (OWW) – combined.

Look at the calendar. Remember the day you realized Silicon Valley was reaching a dangerous level of irrational exuberance not seen since the dot-com days. Not all Silicon Valley companies are overvalued of course, but there seems to be a clear and arguably too-high premium placed upon companies that are app- or mobile-centric, youthful, and à la mode (that is, fashionable companies — not ice cream companies). Read 

Forget AMZN, Wayfair (W) Is the Best Retail Stock to Buy

Dec 5, 2014, 11:07 am EST

Amazon.com, Inc. (AMZN) has been the golden boy of e-commerce for years, and for good reason. With $74 billion in sales last year, there’s no one close enough to even be an heir apparent. But while the home goods e-commerce company Wayfair (W) is light years away from Amazon as a business, W stock is a better buy than AMZN in my book.

InvestorPlace‘s Will Ashworth was right when he said two months ago to avoid Wayfair stock in the wake of its IPO. W stock rocketed 30% higher on its first day of trading, closing above $37 per share. But since then W is off more than 40% as the IPO euphoria wore down in a hurry.

Of course, AMZN stock hasn’t done much for investors recently either: AMZN is off more than 20% from 52-week highs as investors are increasingly abandoning hopes for a wildly profitable Amazon.com any time this decade. Read 

Lending Club: This Deal Should Catch Fire

Dec 1, 2014, 1:40 pm EST

Lending Club, which is the leading peer-to-peer lending marketplace, will be a rare deal in the month of December, but it also has the potential to be a red-hot one.

The details: The Lending Club IPO will see 57.7 million shares issued at a range of $10 to $12, so the company would raise about $635 million if it prices at the midpoint of that range.

Lending Club — which will list on the New York Stock Exchange under the ticker of LC — got its start back in 2007, just ahead of the financial crisis. But the timing proved to be fortuitous. Why? Well, the turmoil in the financial system led to severe restrictions on lending from traditional financial institutions. Read 

PRA Health Sciences – PRAH Stock Looks Healthy Post-IPO

Dec 1, 2014, 11:11 am EST
PRA Health Sciences – PRAH Stock Looks Healthy Post-IPO

PRA Health Sciences Inc (PRAH), which is a top contract research organization (CRO), had some challenges when it pulled off its IPO in mid-November. The company priced the offering at $18, which was below the expected range of $20 to $23. But  things have improved since then, as PRA stock is up about 18% from its IPO price.

Here’s why investors should expect more on the upside from PRAH stock.

Founded more than 30 years ago, PRA Health Sciences is a top provider of outsourced clinical trial services for biotech and pharmaceutical industries. Read 

Report: Uber Fundraising Could Value Company at $35B-$40B

Nov 26, 2014, 12:39 pm EST

An Uber fundraising campaign could see the company reaching a value of $35 billion to $40 billion.

The information regarding the Uber fundraising comes from sources close to the matter that have chosen not to be named. According to these sources, T. Rowe Price Group is currently in talks to become an investor for the company and current investor Fidelity Investments is also taking part in the fundraising, reports Bloomberg.

In June, Uber was valued at $17 billion. If the new fundraising does reach the $35 billion to $40 billion, it would pop the company above several other companies. The reason behind the fundraising is likely to help the company in its expansion to other parts of the world, Bloomberg notes. Read 

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