By my count, 10 different biotech companies have gone public in the past couple of months.
Surprisingly, five of them still are trading above their IPO pricing. That’s a track record much better than the market’s average, almost lending hope to investors looking to cash in on the tantalizing (alleged) upside of a new public offering; the inherent (and also usually alleged) bullishness behind a novel new drug is just a little gravy.
Despite a decent run for 2013’s biotech public offerings, though, IPOs generally remain bad for your portfolio for the first full year or so of their trading. Read

A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.






