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

Sep 29, 2014, 12:20 pm EST

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 

BABA: Why Alibaba Stock Took a Tumble

Sep 26, 2014, 9:58 am EST

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 

Tory Burch Hires Roger Farah: Is An IPO Next?

Sep 25, 2014, 11:49 am EST

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 

Citizens Financial IPO: As an Opportunity, It’s Only So-So

Sep 25, 2014, 11:20 am EST
Citizens Financial IPO: As an Opportunity, It’s Only So-So

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 

General Motors Nudges Cadillac Closer to IPO

Sep 24, 2014, 3:05 pm EST
General Motors Nudges Cadillac Closer to IPO

Some big changes are coming to General Motors (GM) – that is, the company is turning Cadillac into a separate company and is moving the headquarters from Detroit to New York City. While General Motors has not indicated much about its plans, a good case could be made for a spinoff of Cadillac as a public entity.

No doubt, GM stock definitely needs a lot of help. For the year so far, shares are off about 18%. This compares to a 6% return for rival Ford (F). And as for Tesla (TSLA), it’s in another league entirely, with gain of 68%.

The main reason for the lackluster performance of General Motors is, of course, the uncertainty of the recalls. Let’s face it, measuring the impact of the liability exposure is pretty dicey. As seen with other companies in similar situations, like BP (BP), it’s common for the stock price to remain mostly dead money. Read 

Analysts Think Alibaba Stock Is a ‘Buy’ … But With Limited Upside

Sep 23, 2014, 1:15 pm EST

Alibaba (BABA) stock soared on the day of its initial public offering but has trailed off since then, making some Wall Street price targets look like a bit of a stretch for BABA stock.

BABA stock rose 38% to close at $93.89 a share Friday in its New York Stock Exchange debut, but it’s off more than 6% since then. Indeed, Alibaba stock lost more than 2% in early Tuesday trading alone.

It’s far too soon to ascribe the movement in BABA stock to, well … anything. BABA stock is still settling after the quake of the IPO process, which creates supply demand issues, as well as short-term trading opportunities. Read 

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