|
IPO results, July 23 to August 17, 2007 |
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Observations: |
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. $4.6 billion in IPO proceeds, |
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. 22 companies, $207mm average IPO |
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Overall, performance as end of the first week |
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. On average plus 18%, 14 up, 8 down |
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. Six postponed or withdrawn, averaged $101mm |
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Successful IPO's by sector |
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. Software, tech, Internet: 8 |
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. Med: 4 |
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. Energy: 3 |
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. Leveraged buy-outs: 3 (one lbo was internet-related) |
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. Retail: 2 |
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. Business processes: 2 |
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. Other 1 |
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"End of the 1st IPO week" performance |
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. Of the top six in "end of the week performance", three are from China, |
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one from Latin American, one from the U.S. |
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. Average gain for the 22 was 18%, range was -15% to +93% |
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. 14 up, eight down |
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Price to Friday, August 17, 2007 from "end of the 1st IPO week" |
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. Average "after market, from end of the 1st week" loss was 4% |
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. Range was -31% to +16% |
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. 12 down, 10 up |
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end of |
end of |
Pre-IPO |
end of |
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|
IPO |
1st wk |
1st wk |
Grade/ |
1st wk |
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|
Sector |
Company |
Symbol |
Price |
price |
change |
Score |
to Aug 17 |
|
|
tech |
VMware (VMW) |
VMW |
$29.00 |
$56.03 |
93% |
B, 10 |
0% |
|
|
china (soft) |
Perfect World |
PWRD |
$16.00 |
$25.65 |
60% |
B-, 8 |
-21% |
|
|
latin am (web) |
MercadoLibre |
MELI |
$18.00 |
$28.50 |
58% |
C+, 7 |
16% |
|
|
canada (retail) |
lululemon athletica |
LULU |
$18.00 |
$28.00 |
56% |
B-, 8 |
16% |
|
|
tech |
BladeLogic |
BLOG |
$17.00 |
$25.29 |
49% |
C+, 7 |
-12% |
|
|
china (pharma) |
WuXi Pharma Tech |
WX |
$14.00 |
$18.50 |
32% |
B-, 9 |
1% |
|
|
china |
E-House (China) |
EJ |
$13.80 |
$17.99 |
30% |
B-, 9 |
-21% |
|
|
lbo (web) |
Dolan Media (DM) |
DM |
$14.50 |
$17.60 |
21% |
C+, 7 |
4% |
|
|
med |
Masimo (MASI) |
MASI |
$17.00 |
$20.02 |
18% |
C+, 8 |
3% |
|
|
bus process |
Genpact Limited (G) |
G |
$14.00 |
$15.75 |
13% |
C+, 7 |
-11% |
|
|
energy |
Concho Resources |
CXO |
$11.50 |
$12.90 |
12% |
C+, 7 |
0% |
|
|
med |
Sucampo Pharma |
SCMP |
$11.50 |
$11.99 |
4% |
C, 6 |
1% |
|
|
lev buy-out |
Horsehead Holdings |
ZINC |
$18.00 |
$18.50 |
3% |
C+, 6 |
-2% |
|
|
energy |
Quicksliver Gas |
KGS |
$21.00 |
$21.36 |
2% |
C+, 7 |
-5% |
|
|
lev buy-out |
Monotype Imaging |
TYPE |
$12.00 |
$12.06 |
1% |
C+, 7 |
0% |
|
|
tech |
Validus Holdings |
VR |
$22.00 |
$21.85 |
-1% |
C+, 7 |
-4% |
|
|
soft |
HireRight (HIRE) |
HIRE |
$15.00 |
$14.51 |
-3% |
C+, 7 |
0% |
|
|
med |
ImaRx Therapeuctis |
IMRX |
$5.00 |
$4.75 |
-5% |
C, 6 |
-9% |
|
|
tech |
Voltaire Ltd. |
VOLT |
$9.00 |
$8.40 |
-7% |
C+, 6 |
-31% |
|
|
energy |
Rex Energy |
REXX |
$11.00 |
$10.15 |
-8% |
C+, 7 |
-9% |
|
|
soft |
DemandTec |
DMAN |
$11.00 |
$10.00 |
-9% |
C+, 6.5 |
-2% |
|
|
other |
Paragon Shipping |
PRGN |
$16.00 |
$14.50 |
-9% |
C+, 6 |
3% |
|
|
bus process |
Virtusa |
VRTU |
$14.00 |
$11.86 |
-15% |
C+, 8 |
2% |
|
|
total (22) |
ave |
18% |
ave |
-4% |
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