Notes

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August 16th Candygram

This is the text from the August 16th Candygram. The full edition with the ecosystems and performance figures can be found at the website. The market has held up but many recent deals were priced below their filing ranges. Some, like RealPage (online rental property management), priced below the range and then traded up very strongly…

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August 2nd Candygram

We sent out our August 2nd Candygram yesterday to our email list and there are a few things that we wanted to note here: Added performance metrics show how hard it has been on our IPO names during the last 3 months. Through the end of July only a few names managed to not decline:…

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Here comes Higher One

Before we get to Higher One we should note the recent action in CBOE.  We published our view on CBOE on June 9th (read original post) and noted that the major stumbling block was the fact that our Intrinsic Valuation estimate of $27 suggested limited upside for investors. Sure enough, the investment bank analysts initiated…

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IntraLinks Then and Now

We completed our pre-IPO analysis of IntraLinks today; the snapshot will be published and sent to email subscribers on Monday. In the process of doing our background work, we couldn’t help but take a look at the original company filings to go public from back in 2005. For those that haven’t yet looked, the company…

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More IPO Presentations: SurgiVision and Envestnet

SurgiVision is a company we are following because it crosses two major themes we like, health technology and real VR. However, the company is more development stage than we expected. The ability to do surgery based on vision from MRI does seem inevitable, and their technology appears ready, but the pace of adoption is hard…

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Listening to IPO Presentations – Ameresco and Camelot

Ameresco looks like a solid company but gives an extremely boring roadshow presentation, so it’s a bit painful to listen to all 40 minutes of it. But the company is large (>$400M annual revenues), profitable, and has strong visibility thanks to long-term contracts and projects. The focus on improved energy efficiency, combined with some reuse,…

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RealD IPO Preview: Hoping for a Sweet View

RealD is nearing the end of the marketing phase of their IPO and the curent plan is to price the offering later this week. RealD is the leading provider of 3D cinema technology in the U.S. and most of our readers have worn their brand of glasses if they have watched a film in 3D….

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IPO Macaroons this week for Bastille Day

Recent market improvement, particularly in technology, suggests that some of the IPO names we are tracking may indeed get out the door either later this week or next.  A number of strategists and market analysts have noted the relative attractiveness of the technology sector, and the initial earnings reports are reminding investors that technology is…

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Candygram – July 1, 2010: A melted market topping for dessert?

Our Candygram will go out to our email list after the close today or early tomorrow morning with the IPO ecosystem included. The market didn’t get in the way of June being a good month for the IPO market. In fact, every deal we mentioned in our June 15th Candygram was priced in the last…

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Updated Tesla Report & Valuation

Tesla is nearing the end of the marketing phase of their IPO and the curent plan is to price the offering tomorrow, June 29th. (If market conditions permit.) Many recent IPO transactions that we have been following have been pricing below range (Broadsoft, Motricity, HigherOne, Fabrinet) so Tesla may be offered below the filing range…

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