El Pollo Loco to Go Public in $100M IPO

Jun 25, 2014, 12:20 pm EDT

El Pollo Loco, a chicken restaurant based in Mesa, Calif., has registered for an initial public offering (IPO).

El Pollo Loco’s goal with its IPO is to raise money to pay off $100 million of debt. The company wants to use the ticker symbol “LOCO” on the Nasdaq Global Select Market. The company hasn’t mentioned how much stock would be part of the IPO, but it will be common stock, reports Nation’s Restaurant News.

As part of its filings with the Securities and Exchange Commission, El Pollo Loco reported that it has had 11 consecutive quarters with same-store sales growth. The company has also reported that it has seen total revenue increase 15% from 2011 to its most recent quarter. It also reported net income of $5.5 million during this quarter, Nation’s Restaurant News notes. Read 

14 New Stocks to Watch – GoPro Ready To Ride the IPO Wave

Jun 23, 2014, 12:33 pm EDT
14 New Stocks to Watch – GoPro Ready To Ride the IPO Wave

Last week showed that the IPO market is in pretty good shape, with 10 new stocks hitting the market. There was also renewed strength from the riskier biotech sector. Kite Pharma (KITE) surged by 71% and ZS Pharma (ZSPH) posted a gain of 58%.

As  for the current week, the good times seem likely to continue. Consider that there are 14 IPOs on the calendar for this week (as well as a holdover from last week, Syndax Pharmaceuticals).

So let’s take a look at the new stocks to watch for this week: Read 

GoPro IPO: Should Investors Snap Up GPRO?

Jun 20, 2014, 6:00 am EDT
GoPro IPO: Should Investors Snap Up GPRO?

GoPro, the developer of the popular HD action-sports camera, plans to issue 17.8 million shares at a range of $21-$24. Assuming the deal gets done at the mid-point, the company will sport a valuation of about $3.4 billion.

So what should investors expect? Is this a deal to buy or avoid? To get a better sense, let’s take a look at the background of the GoPro IPO.

Back in 2002, while surfing in Australia, Nick Woodman wanted to take photos and videos while on his board. But with existing cameras, it was just too expensive and complicated. He saw this as a huge opportunity and wasted  little time in building GoPro cameras. Read 

Alibaba IPO – FAQs

Jun 19, 2014, 4:43 pm EDT
Alibaba IPO – FAQs

The buzz is that Alibaba, the Chinese ecommerce powerhouse, will pull off its IPO on August 8th. The reason: the number “8” symbolizes good fortune.

Regardless of the Alibaba IPO date – which is far from certain – the fact is that the deal will be massive. It could even be the biggest one in history. Consider that various analysts think the Alibaba IPO will raise a haul in excess of $20 billion.

If anything, the timing may be pretty good. JD.com (JD), which is China’s No. 2 ecommerce operator, recently launched a successful IPO, up about 40%. At the same time, the US markets are getting back on track. Just look at various successful tech IPOs like Arista Networks (ANET) and Zendesk (ZEN). Read 

Amazon Fire Phone – What You Need to Know About the 3D Smartphone

Jun 18, 2014, 4:20 pm EDT

Today Amazon (AMZN) took the wraps off of one of the worst-kept “secrets” in the tech world: the Fire Phone. Source: Amazon

Speculation of an Amazon smartphone has been ramping up for months and it hit a fevered pitch after Amazon announced the Seattle unveil and plastered its website with video of people reacting to a mystery device. After building up to the announcement by noting Amazon’s Prime ecosystem, its world-class hardware expertise and “hundreds of millions of engaged customers,” CEO Jeff Bezos finally held up the Fire Phone.

It’s not the cheap device we were expecting. Read 

Uber Legal Fight Gets Contentious

Jun 16, 2014, 1:53 pm EDT
Uber Legal Fight Gets Contentious Source: ©iStock.com/Aleutie

Much of Uber’s $1.2 billion in funding will be spent on legal and lobbying efforts against taxi regulators around the world

Destination Wealth Management CEO Michael Yoshikami believes Uber’s impressive $17 billion valuation is justifiable because it’s identified a sustainably profitable marketplace.

I think that latest valuation is definitely debatable, but much less so is the fact Uber’s legal and lobbying efforts are costing the company some serious coin. Read 

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