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Preferred Research
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25 years with Wall Street firms then running a "long bias" hedge fund since 1997. Focus on equities and preferred stocks. Very diverse portfolio partially hedged with short S&P 500 index calls. Usually 30-60% net long.
  • A Bakers Dozen Of Recent IPO's For Russell 2000 Inclusion 0 comments
    May 14, 2014 3:02 PM

    The IPO's since March 2014 began have been a mixed lot with many new companies in Biotech, Software, and Banking. Quite a few of these opened substantially above their IPO price but have recently fallen back to and in some cases below their IPO price.

    All the companies I have listed will be eligible for inclusion in the Russell 2000 Index, by far the most widely followed of the Russell Indexes.

    There is no assurance that any of these companies will actually be added to the Russell 2000, but it is a safe bet that many of them will join the index.

    When the preliminary addition list is announced on June 13 after the close, you can expect buyers. In fact, there are many players already taking positions in likely Russell additions.

    I will be adding research later, but here is my symbol list:

    TRIV, QTWO, AMBR, VTL, SPWH, KTWO, PAYC, FIVN, OPWR, RUBI, HIVE, EVDY

    All of these are IPO's in March, April, or May 2014. They range in market cap from $260 million to $875 million. I expect the lower cutoff for Russell 2000 inclusion will be around $150 million.

    I currently own TRIV, QTWO, AMBR, SQBK, VTL, SPYW, and KTWO.

    Disclosure: I am long KTWO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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