In March, IPO activity is likely to pick up as 17 companies in the IPO pipeline, including SeaWorld, Silver Spring Networks and Taylor Morrison Home, have recently updated their filings.
All in all, demand for IPOs still looks robust, despite the fact that things have been slow lately. February hasn’t had many deals, with no IPOs at all last week and only two slated for this week.
With that in mind, let’s take a look at the two trickling in:
Artisan Partners Asset Management (NYSE:APAM): This is an independent investment management firm which was founded in 1994 and has $74.3 billion in assets. APAM manages 12 equity investment strategies, which span U.S. and global securities and include various styles and market caps. As of the end of last year, 11 of them outperformed their respective benchmarks.
The company has been growing at a nice pace. In 2012, revenues went from $455.1 million to $505.6 million, while adjusted operating income grew from $188.9 million to $202.9 million. APAM plans to issue 11.5 million shares at a range of $27 to $29. The lead underwriters include Citi (NYSE:C) and Goldman Sachs (NYSE:GS)
Professional Diversity Network (NASDAQ:IPDN): This is an online professional network that focuses on specific groups, including Hispanics, African Americans, LGBTs and military folks. The user base is currently at about 2 million. Interestingly enough, the company recently struck a partnership with LinkedIn (NYSE:LNKD).
IPDN is fairly small, though. For the first nine months of 2012, revenues came to $4.74 million — up 14% over the prior year. The company also saw a decrease in net income of 6.6% to $2.15 million. IPDN plans to issue 1.8 million shares at a range of $10 to $12. The lead underwriter is Aegis Capital.
Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
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.
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