initial public offerings (IPOs) trading on American exchanges

Monday, September 29, 2014

Civeo (CVEO) began trading on the NYSE on 19 May 2014

Civeo Corporation is a wholly owned subsidiary of Oil States International, Inc. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States. The Company is engaged in providing an integrated service offering to its customers, which include independent oil and natural gas companies, mining companies and oilfield and mining service companies. The Company’s premium accommodations services allow its customers to outsource their accommodations needs to a single supplier, maintaining employee welfare and satisfaction while focusing their investment on their core resource development efforts. In June 2014, Oil States International Inc completed spin-off of the Company.


Address

THREE ALLEN CENTER SUITE 4620, 333 CLAY STREET
HOUSTON, TX 77002
United States 

GoPro (GPRO) : 3-month performance


Thursday, September 25, 2014

Cyberark Software (CYBR) began trading on the NASDAQ on 24 September 2014

  • Shares of CyberArk Software(Nasdaq: CYBR), a Newton-based firm providing IT security from internal threats for the likes of Pfizer (NYSE: PFE) and British Telecom, raised $92.5 million in its initial public offering.
  • The company said it generated $66.2 million in revenue and profit of $6.6 million during 2013. CyberArk said as of March 31, it had 1,500 customers, including over 30 percent of the Fortune 100 and approximately 15 percent of the Global 2000.
  • Founded in 1999 in Israel, CyberArk has had its U.S. headquarters in Massachusetts since 2000. The firm now employs 364 overall and 114 in the U.S., with most of the U.S. employees in Newton. The company has additional sales offices in England, France, Germany and Singapore.
  • Profiting from the IPO was the firm’s largest shareholder, Israel-based Jerusalem Venture Partners, which owned 46.8 percent of the company prior to the offering. Other shareholders include: Goldman Sachs Group (24.1 percent) and Vertex Venture Capital (11.6 percent).
  • According to a 2012 report by market research firm IDC, worldwide spending on data center security solutions was $10.7 billion in 2011 and is expected to grow to $16.5 billion by 2016,





CyberArk Software's president and CEO, Udi Mokady.

Description
Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. The company also provides Enterprise Class Integration for devices, networks, applications, and servers. It’s CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.

Address

94 Em-Ha'moshavot Road Park Azorim, P.O. Box 3143
PETAH TIKVA, 4970602
Israel

Website 

www.cyberark.com

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin5.76%10.03%
Operating margin14.38%13.72%
EBITD margin-14.44%
Return on average assets5.11%8.61%
Return on average equity-0.63%4.17%
Employees387

Tuesday, September 23, 2014

TubeMogul (TUBE) began trading on the NASDAQ on 18 July 2014


Description

TubeMogul, Inc. is an enterprise software company for digital branding. The Company customers primarily include brands, which generally refer to companies, or product lines within companies, that control advertising budgets for a single marketing brand or a group of marketing brands, and the advertising agencies that serve the Company. Agency trading desks, ad networks and publishers also use its platform. The Company refers to its customers and other businesses that are engaged in purchasing digital marketing as advertisers. The Company makes its cloud-based platform available through two offerings: Platform Direct, which allows advertisers to run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives and has its team execute on their behalf using its platform.

Address

1250 53rd St Ste 6
EMERYVILLE, CA 94608-2965
United States

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin7.26%-12.95%
Operating margin5.84%-10.79%
EBITD margin--10.23%
Return on average assets9.64%-12.94%
Return on average equity29.48%-85.93%
Employees312

Friday, September 19, 2014

Alibaba (BABA) began trading on the NYSE on 19 September 2014

  • The largest IPO in U.S. history
  • At $68 per share, the company has been valued at nearly $168 billion.
  • Opening at $92.70 a share--36% higher than its IPO price of $68--Alibaba's market capitalization Friday morning reached $228.5 billion--higher than Amazon, Facebook, eBay, and General Electric, but still lagging behind Google, Apple, and Microsoft. 
  • The debut got off to a rocky start, with trading delayed by more than two hours due to an imbalance in buy and sell orders. In the first 20 minutes of its opening, more than 100 million shares were traded.
  • With Alibaba public, founder Jack Ma--who owns 7.8% of the company--now stands as the richest man in China, with an estimated net worth of $21.9 billion, according to Bloomberg.
  • Closed at $93.89




Alibaba's valuation

Description

Alibaba Group Holding Limited is an online and mobile commerce company. The Company operates its ecosystem as a platform for third parties. The Company operates Taobao Marketplace, China’s online shopping destination, Tmall, China’s third-party platform for brands and retailers and Juhuasuan, China’s group buying marketplace. In addition to its three China retail marketplaces, the Company operates Alibaba.com, China’s global online wholesale marketplace, 1688.com, its China wholesale marketplace, and AliExpress, its global consumer marketplace, as well as provides cloud computing services. As a platform, the Company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with consumers and businesses. Effective August 01, 2014, Alibaba Investment Ltd, a unit of Alibaba Group Holding Ltd, acquired a 10.193% interest n Singapore Post Ltd.

Address

969 West Wen Yi Road, Yu Hang
HANGZHOU, ZHJ 311121
China

Key stats and ratios

Q2 (Jun '14)2014
Net profit margin79.44%44.96%
Operating margin43.40%47.24%
EBITD margin-50.61%
Return on average assets36.85%26.93%
Return on average equity130.09%157.44%
Employees22,072

Thursday, September 18, 2014

Otonomy (OTIC) began trading on the NASDAQ on 13 August 2014


Description

Otonomy, Inc. is a clinical-stage biopharmaceutical company. The Company focused on the development and commercialization of therapeutics for the treatment of diseases and disorders of the ear. The Company’s lead product candidate, AuriPro, is a sustained-exposure antibiotic for which it has completed two identical Phase III clinical trials in 532 pediatric patients with middle ear effusion, or fluid, at the time of tympanostomy tube placement (TTP), surgery. Its second product candidate, OTO-104, is a sustained-exposure steroid that is in a Phase 2b clinical trial for patients with Meniere’s disease. The Company has global commercialization rights to its product candidates. The Company has developed a formulation technology that provides sustained drug exposure in the middle or inner ear from a single local administration. Its technology utilizes a thermosensitive polymer, which transitions from a liquid to a gel at body temperature.

Address

5626 Oberlin Dr Ste 100
SAN DIEGO, CA 92121-1705
United States 

Website 

www.otonomy.com

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin--
Operating margin--
EBITD margin--
Return on average assets-79.02%-85.67%
Return on average equity--
Employees37

Trupanion (TRUP) : 2-month performance



Wednesday, September 17, 2014

Trulia (TRLA) : 2-year performance


Civitas Solutions (CIVI) began trading on the NYSE on 24 July 2014


Civitas Solutions President and CEO Bruce Nardella rings the Opening bell at the New York Stock Exchange on September 17, 2014 in New York City.


Description

Civitas Solutions, Inc. (Civitas) is a provider of home-and community-based health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. Civitas is a wholly owned subsidiary of NMH Investment, LLC (NMH Investment). The Company operates in two segments: Human Service and Post-Acute Specialty Rehabilitation Service (SRS). The Human Services segment delivers home and community-based human services to adults and children with intellectual and/or developmental disabilities and to youth with emotional, behavioral and/or medically complex challenges. The SRS segment delivers health care and community-based health and human services to individuals who have suffered acquired brain and/or spinal injuries and other catastrophic injuries and illnesses.

Address

313 Congress St Fl 6
BOSTON, MA 02210-1261
United States 

Website links  

civitas-solutions.com

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin0.00%-1.30%
Operating margin4.98%4.45%
EBITD margin-9.80%
Return on average assets0.00%-1.51%
Return on average equity--
Employees20,000

Rewalk Robotics (RWLK) began trading on the NASDAQ on 12 September 2014






Description

Rewalk Robotics Ltd is an Israel-based medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow wheelchair-bound individuals with mobility impairments or other medical conditions the ability to stand and walk once again. The Company has developed and is continuing to commercialize ReWalk, an exoskeleton that uses its patented tilt-sensor technology and an on-board computer and motion sensors to drive motorized legs that power movement. The Company offers two ReWalk products: ReWalk Personal and ReWalk Rehabilitation. ReWalk is a product that can fundamentally change the health and life experiences of users. ReWalk controls movement using subtle changes in the user’s center of gravity.

Address

Kochav Yokneam Building, Floor 6, PO Box 161
YOKNEAM, 2069200
Israel

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin-938.00%-766.81%
Operating margin-763.80%-550.69%
EBITD margin--544.90%
Return on average assets-278.55%-185.16%
Return on average equity--822.10%
Employees63

Tuesday, September 16, 2014

Michaels (MIK) began trading on the NASDAQ on 27 June 2014


The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores in North America. The company's stores offer approximately 36,000 stock-keeping units in arts, crafts, scrapbooking, floral, framing, home dcor, seasonal offerings, and children's hobbies. As of August 2, 2014, it owned and operated 1,147 Michaels stores in 49 states and Canada; and 117 Aaron Brothers stores. In addition, the company, through its subsidiary, Artistree, manufactures precut mats and custom framing merchandise. The Michaels Companies, Inc. was founded in 2013 and is based in Irving, Texas.

Tuesday, September 9, 2014

General Mills (GIS) buys Annie's (BNNY) to jump-start organic growth

General Mills, the maker of Cheerios and Bisquick, is buying Annie’s for $820 million to gain a popular brand of natural and organic foods.
   

Annie’s stock soared 37.33 percent in early trading today.



General Mills offer translates into $46 a share in cash. At the time of offer yesterday, the price represented a 37 percent premium over the closing price.

Annie’s was down 22 percent this year before news of the deal yesterday, as lower profits and rising ingredient costs spooked investors. This deal will allow synergies with General Mills’ organic product division, which includes brands such as Larabar energy bars. General Mills said in a statement that the deal should start boosting profits within the first year.

Other health food stocks, such as WhiteWave Foods Co. and Hain Celestial Group Inc., rode higher on the deal news and speculation arose that more M&A activity might happen in the sector.

Saturday, September 6, 2014

China's Alibaba Group Said To Tap NYSE For Big IPO

Alibaba is a mix of Amazon.com, eBay, PayPal and Google, all with some uniquely Chinese characteristics.
  • China's largest internet firm is pricing its offering at between $60 and $66 a share. That could lead to a valuation above $160 billion, surpassing the one achieved by Facebook at its flotation two years ago. The firm also looks to raise above $20 billion with this placement, which would make it one of the biggest IPOs in history.
Alibaba Group is planning to list its IPO on the New York Stock Exchange, according to several news reports, in what likely would be one of the largest-ever IPOs in the U.S. in the amount raised.

Alibaba is the largest e-commerce provider in China, described as Amazon.com (AMZN), eBay (EBAY), PayPal and Google (GOOG) all wrapped into one.

Alibaba : the biggest IPO of all time

Analysts say an Alibaba IPO could raise about $20 billion and give the company a market valuation of $100 billion to $150 billion. That would surpass the $16 billion Facebook (FB) IPO in May 2012, which was the biggest U.S. tech initial public offering.

The IPO will benefit Yahoo (YHOO), which owns a 24% stake in the company.


Alibaba had planned to list in Hong Kong but ran into problems with that exchange's rules. According to a report from Bloomberg News, Alibaba could still decide to list in Hong Kong, should regulators there approve its plan to give executives control over board nominations. Bloomberg said the Alibaba IPO could come as soon as April.


Jack Ma (left) with the founders of Alibaba in late 1990s

Alibaba was founded in an apartment in 1999 by Jack Ma as a business-to-business e-commerce website. It now consists of nine business units.

Besides Alibaba.com, a global e-commerce platform for small businesses, other sites include Taobao.com, China's top consumer-to-consumer online marketplace and a rough equivalent to eBay. It also runs Tmall.com, a business-to-consumer platform, and Etao.com, a shopping search-engine platform. It has a PayPal-like online payment website called Alipay.com. Its cloud services platform is called Aliyun.com, akin to Amazon Web Services. It's also pushing into social gaming and mobile technology, a field dominated by Tencent, China's top Internet company by revenue.

Yahoo includes Alibaba in its quarterly financials due to its large stake in the firm, though the reporting is one quarter behind. Alibaba revenue in the three months to September rose 51% from the year-earlier period to $1.78 billion on net income of $801 million, Yahoo said. As of Sept. 30, Yahoo estimated its Alibaba stake was worth $8.1 billion.

Friday, September 5, 2014

Aubrey McClendon plans mutliple shale IPOs



Aubrey McClendon, the U.S. shale gas pioneer fired from Chesapeake Energy Corp. (CHK) last year, plans to take public the exploration companies he has formed since.

McClendon, who has raised about $10 billion to acquire gas fields in the past 16 months, told a conference in Dallas yesterday that he intends to start a collection of companies that each specialize in a single U.S. shale region.

McClendon’s American Energy Partners LP already has created subsidiaries focused on shale formations and pipeline networks from Appalachia to the Great Plains. He’s also the guiding hand behind two so-called blind pool investment vehicles that plan to gather drilling rights across the U.S.

“They’ll go public,” McClendon said during a presentation during Hart Energy’s A&D Strategies and Opportunities event. “They’ll have their own management” and he will “stand behind them.”

In an about-face from the transcontinental strategy he pursued during a quarter-century tenure at Chesapeake, McClendon is now sticking to an approach known as pure play, where each entity zeroes in on a single shale region. McClendon said his private equity backers prefer that focused approach to companies that are active in multiple formations.

McClendon, 55, was in the vanguard of the shale revolution that upended U.S. gas markets and paved the way for the renaissance in American crude oil production. At Chesapeake, he amassed a shale empire that rivaled Exxon Mobil Corp. (XOM)’s before he was dismissed last year amid conflict-of-interest probes and a shareholder revolt led by billionaire Carl Icahn.

Financial backers of his American Energy creations include First Reserve Corp. and John Raymond, son of retired Exxon CEO Lee Raymond.

Michael Kors announces pricing of its secondary Public Offering

Michael Kors Holdings (NYSE:KORS) shares are trading down as the maker of purses and accessories prepares a secondary public offering of more than 11.6 million ordinary shares by Sportswear Holdings, one of its principal founding stockholders, at $76.75 per share.

Shares of the company fell 5% to 75.96 in early trading in the stock market today, Friday.


Two board directors, Silas Chou and Lawrence Stroll, original majority shareholders of the Hong Kong-based company, will step down after the sale.

Thursday, September 4, 2014

El Pollo Loco reports first earnings as public company

  • Second-quarter same-store sales rise 5.4 percent
  • LOCO +4% a/h
El Pollo Loco Holdings Inc. reported Thursday a 5.4-percent increase in systemwide same-store sales in its first quarterly report as a public company.

For the second quarter ended June 25, the Costa Mesa, Calif.-based quick-service operator recorded a 10-percent increase in pro forma net income, to $6.1 million, or 16 cents per share, compared with $5.5 million, or 15 cents per share, a year ago, adjusting for charges related to the company’s July 30 initial public offering.


A 5-percent increase in same-store sales at company-owned restaurants included a 2.8-percent increase in average check and a 2.2-percent rise in traffic.

“Our success continues to be driven by our compelling value proposition and the growing appeal of healthier, better-for-you offerings found on our menu. Our signature citrus-marinated, fire-grilled chicken and hand-chopped entrĂ©es offered at quick-service price points reinforce our QSR-plus positioning,” El Pollo Loco Holdings Inc. president and chief executive Steve Sather said.

El Pollo Loco operates and franchises more than 400 restaurants in Arizona, California, Nevada, Texas and Utah.


Pfenex (PFNX) began trading on the NYSE on 24 July 2014


William Blair & Company LLC and JMP Securities LLC are joint book-running managers.Mizuho Securities USA Inc. is co-manager.

Description

Pfenex Inc. is a clinical-stage biotechnology company. The Company engaged in the development of difficult to manufacture and proteins, initially focused on biosimilar therapeutics (biosimilars). The Company’s product candidate is PF582, a biosimilar candidate to Lucentis (ranibizumab).

Address

10790 Roselle St
SAN DIEGO, CA 92121-1508
United States 

Key stats and ratios

Q1 (Mar '14)2013
Net profit margin-60.28%-34.09%
Operating margin-59.54%-56.21%
EBITD margin--47.56%
Return on average assets-19.92%-12.55%
Return on average equity--
Employees25

Westlake Chemical Partners (WLKP) began trading on the NYSE on 30 July 2014


Description

Westlake Chemical Partners LP (Westlake) operates, acquires and develops ethylene production facilities and related assets. Westlake is a vertically-integrated, international manufacturer and marketer of basic chemicals, polymers, and fabricated building products. It owns a 10% limited partner interest and the general partner interest in Westlake Chemical OpCo LP (OpCo). Its business and operations are conducted through OpCo. OpCo’s assets are integral to Westlake’s manufacturing and marketing operations in Lake Charles, Louisiana and Calvert City, Kentucky. OpCo’s initial assets and operations are organized as one reportable segment: Lake Charles Olefins Production Facilities, Calvert City Olefins Production Facility and Longview Pipeline.

Address

2801 Post Oak Blvd Ste 600
HOUSTON, TX 77056-6110
United States 

Key stats and ratios

Q1 (Mar '14)2013
Net profit margin25.69%25.69%
Operating margin40.09%39.81%
EBITD margin-43.27%
Return on average assets55.98%58.26%
Return on average equity133.81%149.89%
Employees2,169

Globant (GLOB) : 1-month performance



Wednesday, September 3, 2014

Mobileye (MBLY) : 1-month performance



Iradimed (IRMD) began trading on the NASDAQ on 16 July 2014


Description

iRadimed Corporation is a provider of non-magnetic intravenous (IV) infusion pump systems that are safe for use during magnetic resonance imaging (MRI) procedures. Electromechanical medical devices and pumps contain magnetic and electronic parts which generate radio frequency (RF) noise, create interference and are dangerous to operate in the presence of the smagnet which drives an MRI. Its mRidium (3850/3860+) IV pump systems have been designed with non-ferrous parts, ceramic ultrasonic motors, non-magnetic mobile stand and other special features in order to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. The Company’s pump solution provides a seamless approach to providing IV fluids before, during and after an MRI scan. As of March 31, 2014, it has approximately 1,917 IV infusion pump systems installed globally.

Address

7457 Aloma Ave, SUITE 201
WINTER PARK, FL 32792-9172
United States

Key stats and ratios

Q1 (Mar '14)2013
Net profit margin14.71%17.08%
Operating margin23.17%24.58%
EBITD margin-25.80%
Return on average assets28.47%30.89%
Return on average equity36.40%44.82%
Employees46

Monday, September 1, 2014

Fiat-Chrysler sees U.S. listing on Oct. 13, 2014

Fiat-Chrysler plans to list shares in the recently-merged automaker in New York on Oct. 13, Chief Executive Sergio Marchionne said Saturday, according to news reports. "The most likely date for the listing in the U.S. is Oct. 13," he said on the sidelines of a meeting in Rimini, Italy, Reuters reported. The merger between Fiat and the Chrysler unit cleared its final hurdle on Friday.


Marchionne added that any decision on capital increases for the group would be made by the end of October.

His rescue plan for the two icons involves investing 44 billion euros over five years.

Fiat and Chrysler Group CEO Sergio Marchionne

He says the US listing is one way of paying for a relaunch of the Alfa Romeo and Maserati brands, the export of Jeeps globally, and competing in the fast-growing Asian markets, where the group is currently weak.