Sep 30, 2014, 6:15 am EDT
Thanks to vacationing Wall Streeters, the third quarter is always a light one for new stocks. Much of August goes dormant while the big money heads to the Hamptons, and the first half of September sees the whole IPO machine slowly churn back to life as companies go on their roadshows.
This year’s third quarter was no exception, but it doesn’t mean the IPO market was completely devoid of excitement.
For instance, the third quarter saw 59 new stocks hit the market. Moreover, the average return on these IPOs was some 18%. Read
Sep 29, 2014, 12:24 pm EDT
Last week, the market for new stocks kept up its winning ways. There were IPOs stocks hitting the market, raising a total of $5.8 billion. And yes, some of the new stocks had solid gains, with CyberArk Software (CYBR) up 86% and CONE Midstream Partners LP (CNNX) posting a return of 34%.
As for this week, the pipeline is again robust. However, there could be some difficulties since the overall equities markets have been experiencing volatility.
So let’s take a look at each of the new stock slated to go public this week: Read
Sep 29, 2014, 12:20 pm EDT
Earlier this month, arcade and entertainment-themed restaurant chain Dave & Buster’s (PLAY) filed for its initial public offering, which will trade on the Nasdaq under the ticker “PLAY.” Now it appears we’re closing in on the finish line — according to a recently amended S-1, the Dave & Buster’s IPO will be priced between $16 and $18 per share.
The document also says Dave & Buster’s will put about 5.9 million shares up for sale. However, a provision allows a total of 882,352 additional shares of PLAY stock to be purchased by underwriters Jefferies, Piper Jaffray (PJC), William Blair, Raymond James (RJF) and Stifel (SF).
If it prices at the high end of the range, the Dave & Buster’s IPO could raise as much as $121.76 million. Obviously this is a far cry from the size of the Alibaba (BABA) recent offering — the Alibaba IPO was the biggest in history, raising an incredible $25 billion — but it’s not peanuts. Read
Sep 26, 2014, 9:58 am EDT
All eyes have been on Alibaba (BABA) over the past week (okay, maybe more like the past year) and so far, the show sure hasn’t disappointed.
The Alibaba IPO indeed turned heads last Friday when it became the largest in history; BABA stock soared an impressive 38% on day one alone.
That’s the good news. The bad news? The best days for Alibaba stock — at least in the short-term — could be in the rear view. Read
Sep 25, 2014, 11:49 am EDT
The Wall Street Journal broke the news early Wednesday evening that Tory Burch, had hired Roger Farah, former president of Ralph Lauren (RL) to be co-CEO for her billion-dollar brand.
Roger Farah stepped out of the fashion limelight at the end of May when he retired from Ralph Lauren. Almost immediately speculation swirled about where the 61-year-old fashion executive would end up. Forbes contributor Walter Loeb predicted he would join JCPenney (JCP), but it turns out that Farah had other plans in mind.
The hiring coup has fueled speculation about whether an IPO is next. Both CEOs say no. Burch qualified this by stating, “The IPO conversation has not happened … We want to grow on our own terms, in our own way, and don’t want to have to answer to the public at this point.” Read
Sep 25, 2014, 11:20 am EDT
Citizens Financial Group (CFG) didn’t even come close to matching the buzz or first-day returns of the much more highly touted Alibaba (BABA) IPO. A spinoff of the Royal Bank of Scotland (RBS), CFG priced 140 million shares at $21.50 each — below its range of $23 to $25 — and it finished its day up just 7.5%.
And there are reasons to be skeptical of Citizens Financial.
CFG actually failed the U.S. government’s most recent stress tests, which in turns mean growth could be crimped as it tries to catch up and shore up its capital base. Read