Candygram

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IPO Blotter and Cheat Sheet Week of March 17

It’s a very busy calendar right now and we’re reaching the “peak deals in marketing” point. Here is a quick summary of what’s in active marketing and some brief descriptions of the companies. 2U provides cloud-based software-as-a-service (SaaS) solutions for nonprofit colleges and universities to deliver education to qualified students. The company’s cloud-based SaaS platform…

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Fresh IPO Filings Update

Since the market has been a little slow of late we are taking some extra time to get ahead of the curve and examine some recent filings before they start marketing their deals. Below is a sampling of the more interesting, mostly technology and internet-oriented companies, that caught our eye along with some basic facts….

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Deal Profiles Week Of July 15-19

Things are pretty busy in IPO land with 19 deals in active marketing. Eight (8) of those deals are expected to price this week depending on demand, market conditions and price flexibility. Deal Blurbs (Company name links to corporate website. Slide decks (PDF) require login to access.) NRG Yield (NYLD) focuses on dividend growth and…

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Clearing the Counter for June

Motivated sellers helped close out a busy June calendar with a raft of deals in marketing hitting bids even if they were well below initial filing ranges. In the last three days of June we had 11 deals price to bring the June total to 19. There will be full details in the upcoming IPO…

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April Archive Updates

We are in the middle of making the May Candygram but wanted to update our archive to reflect April pricing results. There were 13 deals priced in April as shown in the exhibit below. Overall pricing and subsequent trading were fairly good. The average of the gains was 13% and the median gain was 11%….

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IPO Market Update The Kinder Surprise

We chose the candy this month carefully because it conveys an important change in how the IPO market works. The one provision of the JOBS act that companies have embraced is the ability to file secretly and avoid public visibility until shortly before reaching out to investors. According to a recent study by Ernst and…

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December IPO Candygram

December didn’t bring many presents this year. Typically, things stay active for a few weeks before the holidays but in this case 2012 was an early wrap. There were 6 IPO deals priced but one was a just a “blank check” company. The others were Sprott Physical Platinum (commodity fund), Silver Bay Realty (Real Estate),…

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IPO market is calm before the storm

All is quiet on the marketing and pricing front of the IPO market as investment bankers enjoy two weeks of vacation. It feels like a relic of the pre-Internet age but there has been a longstanding tacit agreement that deals are simply not brought to market from about mid-August through the Labor Day holiday. It’s…

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IPO Candy Folio Update

Like everything else in the market the IPO Candy Folio has been taking a beating of late. However the more concentrated approach we have been using along with a form of hedge has allowed our holdings to outperform the market. That may not be saying much right now but the key is the confidence we…

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New Twitter Alert Service

One of the things we do as we put the monthly Candygram together is to highlight the dates that new IPO listings will be getting banking coverage and also when lockups are scheduled to expire. If you are actively investing in a name it’s important to know these dates and be alert to potential share…

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