Yelp Is Hungry for an IPO

Nov 9, 2011, 11:27 am EST

Groupon’s (Nasdaq:GRPN) recent IPO shows that investors are warming up to deals. And the local e-commerce market does look attractive. Even with intense competition, Groupon has built a business that has already generated over $1 billion in revenue during the first nine months of this year

According to a report in the Wall Street Journal, it looks like another player in the space is gearing up for a deal: Yelp. The company has hired Goldman Sachs and Citigroup to manage the deal.

Yelp offers user-based reviews for restaurants and other local merchants. While it hasn’t seen the hockey-stick growth ramp of Groupon, the company is still pegged to reach a market value of $2 billion — that’s something that always gets the interest of Wall Street bankers. Read 

Delphi Revs Up Its IPO

Nov 8, 2011, 1:24 pm EST
Delphi Revs Up Its IPO

Auto parts maker Delphi Automotive, has certainly had a tumultuous history.  In 1999, General Motors (NYSE:GM) spun off the company to shareholders, but it continued to struggle with tough competition and a bloated cost structure.  As a result, the company filed for bankruptcy in 2005.

But Delphi hasn’t gone away.  In fact, the company is now poised for an IPO, which could happen within the next couple weeks.  The price range on the deal is $22-$24 and the plan is to issue 24.1 million shares.

Underwriters include Goldman Sachs and JPMorgan. The shares will be listed on the New York Stock Exchange with the symbol DLPH. Read 

Zynga’s IPO Slides Toward Year-end

Nov 8, 2011, 12:07 pm EST
Zynga’s IPO Slides Toward Year-end

The scheduling of an IPO can be a moving target.  For example, in the case of the Zynga’s offering, it looked like the company would come public during Thanksgiving week.  But if this were so, it would be on its “roadshow” now.

Well, it isn’t.  In fact, in its most recent IPO filing, the company didn’t even provide a price range (which is a necessity for a roadshow).

According to a report from Bloomberg, the timing of the deal is now for December. Read 

Fusion-io’s Smooth Sailing

Nov 8, 2011, 11:07 am EST

From its public offering in early June, Fusion-io (NYSE:FIO) has had a great ride.  The shares have more than doubled from $19. 

“I am super-impressed at their performance,” said Tom Buiocchi, who is the CEO of another hot storage company, Drobo.  “There is always room in the market for an innovator in storage.”

Fusion-io develops storage memory systems, using chips instead of disk drives.  The result is a huge improvement performance and much lower costs (primarily from better energy efficiency).  As a testament to the technology, the company’s chief scientist is Steve Wozniak, who co-founded Apple (Nasdaq:AAPL). Read 

4 IPOs Pack This Week’s Calendar

Nov 7, 2011, 2:26 pm EST
4 IPOs Pack This Week’s Calendar

Last week, three IPOs hit the market. One was Enduro Royalty Trust (NYSE:NDRO), an oil and natural gas royalty company. The stock struggled on its debut and fell 3.6%. Then there was Rentech Nitrogen (NYSE:RNF), which operates a nitrogen fertilizer business. Unfortunately, its offering was fairly lackluster, with the stock off less than a percent.

But of course, the Groupon (NASDAQ:GRPN) IPO crowded out both those deals. On its first day of trading, the stock soared 30.6%, though investors still should be careful because of the company’s slowing growth and nosebleed valuation (which is more than $17 billion).

So what about the IPOs for this week? Here are the companies on the crowded calendar, including the ticker symbols and exchanges they will trade under: Read 

LinkedIn — Get Ready for a Stock Flood

Nov 7, 2011, 12:43 pm EST

LinkedIn (NYSE:LNKD), which operates a social network for professionals, certainly is one of the year’s top IPOs. In mid-May, the company came public and saw its shares surge as high as 109% during the day. But since then, LinkedIn’s stock performance has been extremely volatile. LNKD is down about 3% since its IPO, and just last week, the shares fell 9.7%.

This drop came despite LinkedIn’s expectation-beating third-quarter report. Revenues surged 126% to $139 million, and the number of registered users increased by 63% to 131 million. The company adds about two members every second.

LinkedIn has been aggressive in expanding into foreign markets. And the company also has experienced lots of growth from the mobile platform. Page views are up 400% over the past year and account for 13% of overall member visits. Read 

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