May 20, 2013
Initial public offerings may get all the attention, but when companies uncork secondary offerings, it's worth a close look at who is doing the selling. Five Below Inc., the Center City-based retailer geared toward teens and preteens, last week said it had filed a registration statement for a follow-on offering of 8.56 million shares. It's not unusual for a company to go back to the market with an offering within a year of going public. Five Below completed its initial public offering at a price of $17 per share July 24 and is currently one of The Inquirer's Philly 50 companies based on its market capitalization of more than $2 billion.
March 5, 2013 |
Thanks to the exuberant start by the U.S. stock market in 2013, hopes normally would be high for a popping market for initial public offerings. But since the financial crisis, little has been normal. As for IPOs, the mere mention of Facebook and Groupon can still cause investors to wince. Facebook, which raised $16 billion in its May 2012 IPO, saw its share price crater and has yet to retrace the way back to its $38 debut. Groupon, which went public in 2011, has watched its market value slide from more than $16 billion to about $3 billion last week.
May 27, 2012
Facebook Inc.'s initial public offering, or IPO, started out as a cultural phenomenon and ended the week as another black eye for Wall Street. That may or may not make things hard for new IPOs. What it is.3 Investopedia, a site rich in basic information, provides a definition of initial public offerings, and a clear warning about their pitfalls for individual investors, and goes on to deliver a list of linked articles on the site that give specifics on what "going public" means, how an IPO is valued, how to invest in IPOs through exchange-traded funds and so forth.
February 6, 2012 |
Initial public offerings used to be seen as a rite of passage for small businesses. Judging by last week's filing by Facebook Inc. to raise at least $5 billion, it's a big company's game now. Facebook may be just eight years old, but it's no small business. The Menlo Park, Calif., social-network operator had $3.7 billion in 2011 revenue and 3,200 employees as of the end of December. In addition, with $1.5 billion in cash already on hand, Facebook seems as though it's raising capital for a bank rather than a growing technology juggernaut.
January 2, 2012 |
A quick glance at the annual performance of the major stock indexes would leave the mistaken impression that very little occurred in 2011. The Dow Jones industrial average closed the year at 12,217.56, up 5.53 percent or 640.05 points. Quite disappointing after 2010, when the widely watched stock market measure rose 11 percent. A much broader gauge of U.S. stocks, the Standard & Poor's 500 index, was virtually flat at 1,257.60. Even the technology-stock-heavy Nasdaq composite index didn't benefit from the much-anticipated initial public offerings of LinkedIn Corp.
May 22, 2011 |
Initial public offerings - IPOs - when companies "go public" by issuing shares of stock, are back in vogue with last week's eye-popping LinkedIn debut. But is IPO investing good for you? Take a look. IPOs 101. The Morningstar.com site for individual investors provides a do-it-yourself tutorial in the Byzantine IPO process - with helpful explanations on how they are timed by companies to game the price, how institutional investors who get the first crack at a stock stand to make the most money by "flipping" their IPO shares.
April 12, 2011 |
NEW YORK - Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week. Its supporters think skyrocketing gas prices will make car sharing more popular. They praise Zipcar's technological savvy and its plans for overseas expansion. Zipcar, whose business sites include Philadelphia, is "one of the long-awaited hot tickets in the IPO valley," said John Fitzgibbon, founder of IPOscoop.com.
January 26, 2006 |
Traffic.com enjoyed open roads in its first day of trading yesterday, but that doesn't signal a new dot-com boom. The Wayne company, which sells real-time traffic information, went public at $12 a share, in the high end of its expected range of $10.50 to $12.50, and closed at $12.15 - a rare technology IPO success. "What IPO market?" lamented Michael Greeley, managing partner of IDG Ventures L.L.C., a Boston investment firm that depends on initial public offerings to close out its investments.
August 20, 2004 |
Shares of online search company Google Inc. rose 18 percent to close at $100.34 yesterday, a first-day "pop" that still left questions about whether the company's initial public offering could be considered a success. The closing price was "still lower than the original IPO price" that Google had initially predicted, noted John Tinker, managing director of ThinkEquity Partners L.L.C., a research and investment-banking company in San Francisco. "If it's not a failure, it clearly didn't work the way Google's management intended it," said Barry Randall, portfolio manager for the First American Technology Fund.
June 24, 2003 |
Investors hoped to grab the next Microsoft Corp. in 1999 as they scrambled to buy initial public offerings at the height of the bull market. What they got instead was eToys and Priceline.com. EToys sought bankruptcy protection in 2001, and Priceline recently exchanged one share for every six in circulation to lift its price above $25. Thanks to government investigations, investors also got allegations of "spinning" - investment bankers handing out hot IPO shares to chief executives they wanted to land as clients - and overly cozy relationships between analysts and the companies they recommended.