Notes

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Skype Pre-IPO Preview

The preliminary prospectus still has quite a few blanks in it, but after a basic review Skype looks like a company that might be better off acquired than public.  Based on our valuation work the market clearing price should be around $4.8B. The Wrapper: Skype is the leading Internet-based communication company with 560 million registered…

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Invest in the IPO Candy Folio

Now you can leverage our research directly with our pre-made portfolio published at Folio Investing We have been waiting for years for a way to let our subscribers follow our thinking.   Since IPO Candy is not a broker-dealer or investment advisor, we publish our IPO portfolio at Folio Investing, a registered broker-dealer, where individuals…

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An IPO Sour Patch

This is a busy week for the IPO market in terms of numbers but the deals and presentations are not very sweet. SciQuest did price and, as we noted in an earlier post, it’s a fairly interesting company with a slightly high proposed price range. The shares were priced at the low end ($9.50) and then…

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The aroma of fall deal pricings is in the air!

A few deals we have been following began active marketing this month but we haven’t had any pricings yet.  We recently sent out a review of SciQuest and also posted it on the blog. SouFun is another one we are working on. SouFun is a real estate portal in China which puts them in the…

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SciQuest Pre-IPO Review

We did some analysis of the upcoming SciQuest IPO. The Wrapper: SaaS solution for purchasing and procurement for higher education (63% of customers), public sector (3% of customers), life sciences (23% of customers) and healthcare organizations (11% of customers.)  $300K average selling price. 165 customers.  $40M revenues, 165 customers, 125,000 users, 78% gross margins, 18%…

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Recent IPO Ecosystem Performance

The text below was featured in our September 1st Candygram. For the full edition with the tables included please see IPO Candygram Sept 1 2010 Final. Performance There has been some press coverage suggesting that IPO performance may be turning “sour” due to poor returns that have come from either weak companies or pricings that were…

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A look at SMG Indium Resources

It must be a slow time in the IPO market for me to look at a company like SMG Indium Resources. But so it is, and this proposed IPO is one of those opportunistic and puzzling vehicles that seem to pop out of our ever-speculating financial markets. Although the web-based roadshow presentation is a bit…

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DynaVox Post-IPO Notes

We’ve had DynaVox on our radar screen for some time as makes use of a RealVR technology (speech) to give people with disabilities a way to speak and interact, which fits in with our HealthTech angle. Today the shares were off over 20% to under $12 after their fiscal Q4 report made investors view the…

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IPO Candy Update

The early market acceptance for IPO Candy has exceeded our expectations and we have been working on several new products that we will be announcing in the next two weeks. At the same time it’s become clear that our rather simple method for controlling content and user access will not scale with the expansion of…

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InvenSense IPO Preview Screencast

We decided to take our preliminary preview on the InvenSense IPO and turn it into a screencast rather than a document. Part of the reason for this is to experiment with a new medium that seems more modern than the typical PDF files we tend to create. It’s also early in our research process for…

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