Candygram

Whirly lollipop on orange background.

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…

Keep Reading
Whirly lollipop on orange background.

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…

Keep Reading
Whirly lollipop on orange background.

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…

Keep Reading
Whirly lollipop on orange background.

Short Takes – MRC Global, Forum Energy and Aleris

These are deals outside our core coverage. We listen to them and capture the slides because they are on the borderline and you never know. We won’t be actively following these companies or doing more analysis but these are our quick notes: MRC Global $MRC Not really a growth story as it’s a big 90…

Keep Reading
Whirly lollipop on orange background.

Tumi Raw Notes

It’s been a busy few weeks in IPO land and we are working hard to keep up. The market can offer and price deals faster than we can complete our typical analysis and financial model. So we are doing a series of posts with just our raw notes from the roadshow presentation. This is our…

Keep Reading
Whirly lollipop on orange background.

How do we prioritize companies?

People have been asking more about which companies we analyze and publish on. How do we choose? We put all the deals into our “pipeline” spreadsheet and do an initial ranking of “high, medium or low.” Step One: Building the Pipeline Here are how the initial rankings are set: High – Growth and technology companies….

Keep Reading
Whirly lollipop on orange background.

A moody market so far in 2012

We’ve seen a few deals price so far this year and their highly variable performance points to some investor biases that are in force as we start the year: They biofuel bandwagon appears to be out of gas. Renewable Energy (REGI) was the first deal priced in 2012 and came in below the range and…

Keep Reading
Whirly lollipop on orange background.

January Candygram

We just published our January Candygram which takes a look at performance for the year just ended and includes the usual review of filings, pricings and performance for December. In terms of our class of 2011, the average deal is down 13% from where it priced. (Remember we track only growth names and avoid banking,…

Keep Reading
Whirly lollipop on orange background.

2012 begins with better access

Happy New Year to everyone out there in candyland! We are in the midst of a big changeover to make our content much easier to access. Please pardon us if you have some trouble with the site this week. Everything should be squared away by the end of the week and our process is to…

Keep Reading
Whirly lollipop on orange background.

Tech IPOS Are no Bust – and That’s What’s Awesome!

I was stunned to read a long and silly post by technology gadabout Jason Calacanis today. In it he basically says that the technology IPO market is just a ticket to the poor house for retail investors. It always amazes me when someone with a fairly large readership and a brain publishes an article with…

Keep Reading