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  • Global IPO Market This Week  0 comments
    Oct 14, 2012 11:13 AM | about stocks: FANG, LNCO, WDAY, ICPT, KYTH, RLGY, SSTK, AMBA, ANFI

    WHAT A WEEK FOR IPOS!! Workday Pops 73%, Bio's Pop 20% +, Shutterstock Slams, UK's Direct line floats, Dubai Sinks - then we go to ZERO!

    Hello all - hope you all had a good week -

    US IPO Returns Year to date +19% US Average First Day Pop is 14%VS S&P 15.58%

    There have been 160 IPOs priced globally YTD, a -43.5% change from last year.

    Total proceeds raised in USD were $80 bn globally YTD, a -32.7% change from last year.

    The second biggest week of the year did not fail to disappoint with some real homeruns - below is the table of returns for this week and look at the amazing returns 73%, 27%, 19%, 24%, 29% . Only Dubai based Amira Food failed to show any positive return this week. I had highlighted last week Workday and Shutterstock as two stand out performers and I was right. Even the UK managed to have a successful IPO with the listing of Direct line which closed at 188 pence, a 7.4% premium to the offering price.

    There is nothing on the calender this week!! - the listing of Astro Malaysis on Friday is going to be the highlight of the week and regular readers of my blog will know how much i have been a supporter of this deal.

     

     

    Company

    Symbol

    Industry

    Offer Date

    Shares (millions)

    Offer Price

    1st Day Close

    1st Day Return

    Current Price

    Return

    Diamondback Energy

    FANG

    Oil & Gas

    10/12/2012

    12.5

    $ 17.50

    $ 17.50

    0%

    $ 17.50

    0.00%

    Linn Co LLC

    LNCO

    Oil & Gas

    10/12/2012

    30.3

    $ 36.50

    $ 38.26

    4.82%

    $ 38.26

    4.82%

    Workday

    WDAY

    Technology

    10/12/2012

    22.8

    $ 28.00

    $ 48.69

    73.89%

    $ 48.69

    73.89%

    Intercept Pharmaceuticals

    ICPT

    Health Care

    10/11/2012

    5

    $ 15.00

    $ 20.40

    36.00%

    $ 19.05

    27.00%

    KYTHERA Biopharmaceuticals

    KYTH

    Health Care

    10/11/2012

    4.4

    $ 16.00

    $ 19.79

    24%

    $ 19.10

    19.38%

    Realogy Holdings

    RLGY

    Consumer Services

    10/11/2012

    40

    $ 27.00

    $ 34.20

    26.67%

    $ 33.60

    24.44%

    Shutterstock

    SSTK

    Technology

    10/11/2012

    4.5

    $ 17.00

    $ 21.66

    27.41%

    $ 22.00

    29.41%

    Ambarella

    AMBA

    Technology

    10/10/2012

    6

    $ 6.00

    $ 6.06

    10.00%

    $ 6.23

    3.83%

    Amira Nature Foods Ltd.

    ANFI

    Consumer Goods

    10/10/2012

    9

    $ 10.00

    $ 9.58

    -420.00%

    $ 8.30

    -17.00%

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: FANG, LNCO, WDAY, ICPT, KYTH, RLGY, SSTK, AMBA, ANFI
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