Looks Like Game Over for Rovio IPO

Oct 2, 2014, 4:42 pm EDT
Looks Like Game Over for Rovio IPO

Remember when the Rovio IPO seemed like a sure thing? There was even buzz that the company would become the next Disney (DIS).

Well, now it looks like all of this seems more of a pipedream as Rovio’s Angry Birds franchise has been hitting the skids. Just look at today’s blog post from CEO Mikael Hed:

“We have been building our team on assumptions of faster growth than have materialized. As a result, we announced today that we plan to simplify our organization around our three key businesses with the highest growth potential: games, media, and consumer products. Unfortunately, we also need to consider possible employee reductions of a maximum of 130 people in Finland (approximately 16% of workforce).” Read 

Vivint Solar (VSLR): The Next SolarCity?

Oct 1, 2014, 11:23 am EDT
Vivint Solar (VSLR): The Next SolarCity?

Vivint Solar (VSLR) might have a sunny long-term outlook, but Wednesday’s Vivint IPO was buried in clouds.

Vivint issued 20.6 million shares of VSLR stock at $16, which represented the bottom of its expected range ($16 to $18). Shares didn’t see much follow-through buying either, with VSLR up less than 5% in early morning trading.

Still, Vivint Solar could be an interesting opportunity for investors. Read 

News Corp Takes a Shot at Zillow, Trulia

Sep 30, 2014, 2:42 pm EDT
News Corp Takes a Shot at Zillow, Trulia

News Corp (NWSA) is making a land grab: The company has agreed to shell out $950 million for Move Inc. (MOVE), which operates an online marketplace for home listings. The impact is likely to be serious, especially for rivals like Zillow (Z) and Trulia (TRLA). So far in today’s trading, TRLA is off by 2% and Z stock is down by 3%.

First let’s get some background on Move Inc. The company got its start at the dawn of the Internet revolution, back in 1996. It was actually a joint venture with the National Association of Realtors (NAR), which provided access to millions of home listings. The company experienced explosive growth but then hit the wall because of an accounting scandal in 2001.

Life since then has been tough, especially for shareholders. But Move Inc. still has a solid business. The company attracts 35 million monthly visitors and has brands like realtor.com, move.com, moving.com, Top Producer Systems, ListHub, Tigerlead, SocialBios.com, Builders Digital Experience, Featuredwebsite.com, Homefair.com, Newhomesource.com, SeniorHousingNet.com, and HomeInsight. Move has also seen lots of traction with its mobile apps. Read 

The Best New Stocks of Q3

Sep 30, 2014, 6:15 am EDT
The Best New Stocks of Q3

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 

Tech Deals Gear Up – 9 New Stocks to Watch This Week

Sep 29, 2014, 12:24 pm EDT
Tech Deals Gear Up – 9 New Stocks to Watch This Week

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 

Dave & Buster’s IPO: New Price Range, Same Old Issues

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 

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