initial public offerings (IPOs) trading on American exchanges

Saturday, February 23, 2013

Best and worst IPOs of 2012 : Five Below (FIVE) +119%; Facebook (FB) -26.3%

+119% return; Best out of 101 U.S. IPOs in 2012 with an offer size of at least $100 million.

The retailer Five Below (FIVE) sells candy, stationery and beauty products aimed at teenagers, with products priced at $5 or less. The company, which held its initial public offering in July, is growing sales at a rate of 47 percent per year.

Facebook (FB):  -26.3% The social network Facebook (FB) plunged as much as 53 percent after its $16 billion debut in May. The stock rallied after third-quarter sales rose 32 percent, beating analysts' estimates.

Thursday, February 21, 2013

Sibanye Gold (SBGL) started trading on the NYSE on 11 Feb 2013

Sibanye Gold Limited, Chairman Sello Moloko rings the Closing Bell at the New York Stock Exchange on February 21, 2013 in New York City.

Thursday, February 14, 2013

ZAIS Financial (ZFC) started trading on the NYSE on 8 Feb 2013

ZAIS Financial Corp. is a real estate investment trust (REIT). The Company invests in, finances and manages a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The Company primarily invest in, finance and manage residential mortgage-backed securities (RMBS), including RMBS that are not issued or guaranteed by a federally chartered corporation, such as the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac), or an agency of the United States Government, such as the Government National Mortgage Association (Ginnie Mae) (non-Agency RMBS), as well as RMBS that are issued or guaranteed by a federally chartered corporation or a United States Government agency (Agency RMBS). The Company invests across both corporate-credit and mortgage-related structured credit strategies


Suite 322 Two Bridge Avenue
RED BANK, NJ 07701-1106
United States

Tuesday, February 12, 2013

Michael Kors (KORS) reported blowout earnings Tue 12 Feb 2013

Michael Kors Holdings Ltd.'s ($62.77, +$5.77, +10.12%) fiscal third-quarter earnings surged as the high-end retailer posted sharply higher same-store sales and added new stores. Earnings and revenue beat expectations and Michael Kors raised its fiscal-year guidance.

** daily - Heikin-Ashi **
** weekly **

The luxury lifestyle brand said earnings for the fiscal third quarter ended in December surged 129% to 64 cents a share, sailing past views for 41 cents a share. Revenue leapt 70% to $636.8 million, well above the Street's forecast for $540.3 million.

Michael Kors has consistently topped sales and earnings forecasts since its December 2011 IPO.

Atlas Financial (AFH) began trading on the Nasdaq on 12 February 2013

Atlas Financial Holdings, Inc. (Nasdaq: AFH) announced the pricing of its initial public offering of 4,125,000 ordinary shares, of which 1,500,000 shares are being offered by the Company and 2,625,000 shares are being offered by an existing shareholder of the Company, at a price of $5.85 per share. In addition, Atlas has granted the underwriters a 30-day option to purchase up to 618,750 additional ordinary shares at the initial public offering price. The shares are also expected to begin trading on the Nasdaq Capital Market on February 12, 2013 under the symbol “AFH”.

Sandler O’Neill + Partners, L.P. is acting as the book-running manager for the offering. Sterne, Agee & Leach, Inc., EarlyBirdCapital, Inc. and Sidoti & Company LLC are acting as co-managers for the offering in the United States. Canaccord Genuity Corp. is acting as lead underwriter in connection with the offering in Canada.

ExOne (XONE) started trading on the NASDAQ on 7 Feb 2013

ExOne had a powerful debut, soaring 47% on Feb. 7 after pricing at the high end of its upwardly revised price range. The stock added 13.5% on Friday. But shares reversed to close down 3 cents on Monday. So far on Tuesday, shares are down 6.1%.

Unlike its much-larger 3D printer peers [3D Systems (DDD), Stratasys (SSYS)], ExOne has been reporting losses, not profits. We recommend against buying an IPO until it's made its first bullish consolidation.

ConnectOne Bancorp (CNOB) shares rise after IPO

NEW YORK--Community-bank chain ConnectOne Bancorp Inc. (CNOB) led off the week's slate of initial public offerings with a gain, its shares rising more than 7% in early trading.

Shares opened at $30.50 on the Nasdaq Stock Market, up 8.9% from their $28 offer price, trading up 7.3% recently. The company sold 1.6 million shares within the expected $26-to-$29 range, valuing the IPO at $44.8 million.

ConnectOne is a lending chain founded in 2005 and based in Englewood Cliffs, N.J. Formerly known as North Jersey Community Bancorp Inc., it operates eight branches and holds a loan portfolio made up largely of commercial real-estate and business loans.

The bank has increased its total assets nearly fivefold since 2006, from $179.8 million to $883.8 million as of the end of September, according to filings with the Securities and Exchange Commission. Total deposits have grown to $724.3 million from $158.9 million over that stretch.

Net income for the nine months ended in September was $6.1 million, up 28% from the same period a year earlier.

ConnectOne fared better in early trading than the most-recent pair of community-bank IPOs.

Miami's Capital Bank Financial Corp. (CBF) and Colorado's National Bank Holdings Corp. (NBHC) both notched meager first-day gains and now are trading below their September IPO prices.

ConnectOne said in its filings that it plans to use proceeds from the offering to support growth in its loan and investment portfolios and acquire other banks, among other purposes.

Stifel Financial Corp. (SF), KBW Inc. (KBW) and Sandler O'Neill + Partners LP served as ConnectOne's underwriters.