Take a Few Steps Back from Fitbit Stock (FIT)

Jun 25, 2015, 6:00 am EDT
Take a Few Steps Back from Fitbit Stock (FIT)

Before health and wearables star Fitbit (FIT) went public, I chatted on Fox Business about its prospects and called it a long-term hold at the time. Fitbit stock, which marked the fifth-biggest IPO of the year and had just been priced at $20 per share, has a lot to cheer about.

To sum it up, it’s a first mover in the growing “quantified self” market. As I mentioned then, 19 million people used wearables last year … and that number’s on track to explode to 196 million in a mere three years.

Sure, FIT will see competition from other players like Apple (AAPL) and its Apple Watch, but that doesn’t change the fact that it’s a popular consumer name and the leader of a growing market. Read 

Freeport-McMoRan Gets Energized With FMOG IPO

Jun 24, 2015, 12:05 pm EDT
Freeport-McMoRan Gets Energized With FMOG IPO

One of the reasons for the slowdown in IPO activity this year has been the plunge in oil prices, which has resulted in much fewer deals in the energy sector. But lately, things have perked up after oil prices seem to have hit some level of support.

To take advantage of the recovery, Freeport-McMoRan Inc (FCX) has filed for an offering of Freeport-McMoRan Oil & Gas. The lead underwriter on the deal is Barclays (BCS), and the firm plans to list on the NYSE under the ticker of FMOG. The terms of the deal have yet to be set.

Freeport-McMoRan Oil & Gas is an upstream oil and gas operator, with a major focus on the deepwater of the U.S. Gulf of Mexico. The company believes it has an advantage because of its infrastructure, which has allowed for accelerated development and lower costs. Read 

5 New Stocks to Target for the Rest of 2015

Jun 22, 2015, 3:52 pm EDT
5 New Stocks to Target for the Rest of 2015

2015’s IPO market hasn’t exactly been robust. At last check, we’ve seen 81 new stocks go live in deals that have raised just $15 billion, according to the Wall Street Journal.

For reference, last year’s Alibaba (BABA) IPO alone raised a whopping $25 billion.

Still, investors looking for new opportunities aren’t completely left in the cold. We just enjoyed the hugely successful Fitbit (FIT) IPO, which soared nearly 50% after aggressively raising its price range and the number of shares issued. And this week, investors can expect 13 new stocks to hit the markets. Read 

TransUnion Leads 13 New Stocks Planned This Week

Jun 22, 2015, 12:17 pm EDT
TransUnion Leads 13 New Stocks Planned This Week

Last week, IPOs got a nice spark, with eight deals hitting the market. But of course, the standout offering was Fitbit (FIT), whose stock soared 63%. This was after the company aggressively increased the price range and amount of shares issued.

The good news is that the upcoming week will likely be robust as well. In fact, there are 13 new stocks ready to come public. They include a variety of cloud operators and biotech firms — and yes, mature companies in the energy and chemicals industries.

So let’s take a closer look at each of the new stocks: Read 

Fogo de Chao IPO: The Facts on FOGO

Jun 19, 2015, 11:01 am EDT

The premium Brazilian restaurant chain Fogo de Chao (FOGO) is going public today, with shares trading on the Nasdaq under the ticker “FOGO.”

You might not know much about the steakhouse, but seeing as this is the fourth restaurant to go public in 2015 — and the other three are all trading well above their IPO prices — you should make yourself familiar with the FOGO IPO.

Founded in 1979, the restaurant began with one humble location in Porto Alegre, Brazil, and didn’t open its second store until 1987. Today, the company has 37 locations — 10 in Brazil, one in Mexico and the rest in the U.S. — and plans to open five or six new locations this year. Read 

Fitbit IPO: Investors Will Love FIT Right Out of the Gate

Jun 18, 2015, 12:33 pm EDT
Fitbit IPO: Investors Will Love FIT Right Out of the Gate Source: Fitbit

The Fitbit (FIT) IPO was a hit Thursday, as the seller of highly popular fitness devices pulled off a two-day double whammy.

The Fitbit IPO priced Wednesday at $20 per share to top its expected range of $17 to $19, which itself was lifted after an initial range of $14 to $16. And on top of all that, the number of shares offered in the Fitbit IPO was increased from 29.9 million to 36.6 million.

FIT stock followed up that performance with an early spike of roughly 50% when shares debuted Thursday. Read 

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