initial public offerings (IPOs) trading on American exchanges

Friday, June 29, 2012

Coty’s IPO Aims to Raise $700M

* BofA Merrill Lynch, JP Morgan, Morgan Stanley lead underwriters on IPO
* Coty posted revenue of $3.58 bln for nine months ended March 31.

(Reuters) - Coty Inc, which sells perfumes under Calvin Klein, Davidoff and Chloe brands, filed to raise as much as $700 million in an initial public offering, after dropping a $10.7 billion takeover bid for Avon Products Inc last month.

The IPO market has seen little action for more than a month after Facebook Inc's botched market debut and the European debt crisis forced companies to delay their plans.

The number of companies planning a U.S. listing has dropped 40 percent to 27 in the second quarter compared with the first.

However, offerings by consumer companies tapping the rich have done well, including the debut of luxury brand Michael Kors Holdings Ltd and high-end luggage maker Tumi Holdings Inc, given a strong demand for their high-priced products even during the slowdown.

"Coty is a quality name and this will be one of the more anticipated offerings of the year," said President David Menlow. "The brand name almost sells itself."

Coty, founded in Paris in 1904 by Francois Coty, is majority owned by Joh A Benckiser, the investment vehicle for the billionaire Reimann family of Germany.

Benckiser also holds interests in Jimmy Choo shoes and British multinational consumer goods company Reckitt Benckiser Plc.

Warren Buffett's Berkshire Hathaway and private equity firm Rhone each own a 7.5 percent stake in Coty, which is also the world's No. 2 fragrance maker.

The company runs the gamut from luxury perfumes for fashion house Bottega Veneta to skin care products sold at Wal-Mart Stores Inc.

In recent years, Coty has made acquisitions to grow and diversify its products. In 2010, it bought skin care brand Philosophy from Carlyle Group, nail color company OPI and a majority stake in Chinese skin care company TJoy Holdings.

Coty's made an audacious bid for Avon, a company that has nearly three times its revenue.

Thursday, June 28, 2012

Five Below (FIVE) started trading on the NASDAQ on 19 July 2012

Five Below Inc. (FIVE), a rapidly growing specialty value retailer offering a broad range of trend-right, high-quality merchandise targeted at teen and pre-teen customers, visited the NASDAQ MarketSite in Times Square to celebrate its initial public offering, occurring today, July 19, on The NASDAQ Stock Market.In honor of the occasion, David Schlessinger, Executive Chairman & Co-founder and Tom Vellios, CEO & Co-founder rang the Opening Bell.

Five Below CEO Joel Anderson.

Sunday, June 10, 2012

UBS may have lost $350 million due to Nasdaq glitches on Facebook IPO day

NEW YORK (AP) — Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public, according to reports published Friday.
CNBC and The Wall Street Journal, citing people familiar with the matter, reported that UBS is considering legal action against Nasdaq as a result.
UBS spokeswoman Karina Byrne confirmed that the bank lost money due to Nasdaq's technical issues when the social networking company's stock began trading on May 18.
Byrne declined to disclose the amount but said it was "not material" to the bank. She said UBS has not taken legal action but is weighing its options for recovering its losses.
"Given the size of our U.S. equities business and our role as a major market maker, UBS was affected by these issues, as we believe other market participants may have been," Byrne said in a statement.
Nasdaq declined comment on the reports Friday.

The $350 million figure dwarfs previous estimates for the combined losses resulting from technical glitches at Nasdaq during Facebook's first day of trading. This week, the exchange said it would hand out $40 million in cash and credit to reimburse investment firms.
Facebook Inc.'s initial public stock offering was one of the most widely anticipated market debuts in years. But it quickly turned chaotic.
The opening was delayed by half an hour. Then, technical problems kept many investors from buying shares in the morning, or selling them later in the day, or even knowing whether their orders went through. Some investors complained they were left holding shares they didn't want.
According to CNBC and the Journal, UBS placed an order for 1 million shares but did not receive confirmations and repeated the order several times. So it ended up with much more stock than it intended.
Facebook's stock originally priced at $38 and closed that first day at $38.23, disappointing those hoping for a first-day surge. Nasdaq has said it was embarrassed by the glitches but that they didn't contribute to the underwhelming returns.

Saturday, June 9, 2012

EverBank Financial Corp (EVER) started trading on the NYSE on 3 May 2012

  • EverBank was acquired by TIAA for $2.5 billion in cash in August 2016.  Stockholders received $19.50 per share in cash. TIAA's acquisition of EverBank was complete on June 12, 2017. As of June 4, 2018, the company is now known as TIAA Bank formerly known as EverBank Financial Corp.
  • Recycled ticker: EverQuote (EVER)

Chairman and CEO Robert Clements of EverBank Financial Corp rings the opening Bell at the New York Stock Exchange on May 3, 2012 in New York City.

Wednesday, June 6, 2012

Facebook (FB) - first 3 weeks of trading

Pre-IPO trading

** post IPO - daily **
** post IPO - weekly **

Earnings: Guidewire Software Inc. (GWRE)

 ** weekly **

Guidewire Software Inc.'s (GWRE) fiscal third-quarter earnings fell 89% amid a year-earlier tax benefit, masking double-digit percentage revenue growth across the insurance-software maker's business segments. Shares rose 2.9% to $24.96 in after-hours trading as the company's adjusted earnings exceeded expectations of analysts, which had expected an adjusted loss.

Tuesday, June 5, 2012

Mattress Firm (MFRM) reported earnings on Tue 5 June 2012

** charts before earnings **


** chart 3 days after earnings **

Mattress Firm's fiscal first-quarter profit soared as the retailer posted stronger same-store sales. However, shares slumped 11% to $31.36 after hours as revenue missed analyst expectations.