initial public offerings (IPOs) trading on American exchanges

Sunday, October 30, 2011

Low-float IPOs

Selling a Sliver

In their IPOs, many Internet companies offer only a fraction of their equity to outside investors. Such a tactic helps support stock prices by keeping supply low. While Groupon's revenues have risen sharply, profits are elusive.
GrouponHomeAwayLinkedInPandora MediaZillow
Recent Price*$17.0037.3287.2314.8230.77
Change Since IPONM38.2%93.8-7.453.8
Shares Offered In IPO (mil)308.07.814.73.5
% of Shares Outstanding4.7%
Market Value (bil)$
2011E Revenue (mil)$1,90022750627262
2011E EPS-$0.610.460.02-0.060.13
*At midpoint of pricing range. E=Estimate.
Sources: Thomson Reuters; Susquehanna Financial Group; Morningstar

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