initial public offerings (IPOs) trading on American exchanges

Wednesday, October 29, 2014

Shell Midstream Partners LP (SHLX) began trading on the NYSE on Wed 29 Oct 2014

(Reuters) - Shell Midstream Partners LP SHLX), a master limited partnership formed by Royal Dutch Shell Plc , priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19-$21 per unit.

The company’s IPO raised about $920 million, valuing the company at up to $1.56 billion. It had planned to sell 37.5 million units.

Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana.

This includes a 43 percent stake in a crude oil pipeline connecting Houston to Houma, a 28.6 percent stake in a pipeline to the offshore Mars field in the Gulf of Mexico, and a 49 percent stake in a refined products pipeline linked to four Louisiana refineries.

The MLP structure allows companies to raise money in the stock market while having income taxed only at the unit holder level, avoiding corporate income taxes.

MLPs that hold midstream assets such as pipelines and storage facilities have found favor with investors since they distribute most of their earnings to shareholders.

Barclays and Citigroup are among the lead underwriters for the IPO.

Wednesday, October 15, 2014

RetailMeNot (SALE) : looks like a buy

** daily **


** weekly **

update 12/14: SALE went up for another 10 days after we bought it


Saturday, October 11, 2014

HubSpot (HUBS) began trading on the NYSE on 9 October 2014





Description

HubSpot, Inc. is a United States-based company, which develops Internet marketing software for small and mid-sized businesses. The Company's software platform includes tools that allow professional marketers and small business owners to manage search engine optimization, blogging and social media, as well as landing pages, lead intelligence and marketing analytics. It provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. The Company also provides search engine optimization, business blogging, competitor analysis, closed-loop marketing analytics, Website editor, lead tracking and intelligence, lead grader, landing page wizard, marketing intelligence, social media, and inbound marketing solutions.

Address

25 1st St Fl 2
CAMBRIDGE, MA 02141-1802
United States

Key stats and ratios

Q2 (Jun '14)2013
Net profit margin-30.55%-44.15%
Operating margin-30.54%-44.12%
EBITD margin--38.36%
Return on average assets-64.98%-58.99%
Return on average equity--
Employees719

Friday, October 10, 2014

Dave and Buster's (PLAY) began trading on the NASDAQ on 10 October 2014


Dave & Buster’s Entertainment Inc. (PLAY), which operates a chain with games and food aimed at adults, surged in early trading after raising $94 million in its initial public offering.

Dave & Buster’s increased 11 percent to $17.79 as of 11:37 a.m. in New York, giving the company a market value of $696 million. The Dallas-based chain, seeking to repay debt, sold 5.88 million shares for $16 each, according to a statement yesterday, after offering them for $16 to $18 apiece.

The company joins a number casual-dining companies that have tapped the public markets over the past year. El Pollo Loco Holdings Inc., a chicken restaurant, and Mediterranean-themed Zoe’s Kitchen Inc. (ZOES) completed IPOs this year and have more than doubled since their debuts.

Dave & Buster’s began after David “Dave” Corriveau, who ran an entertainment venue, teamed up with James “Buster” Corley, who had a restaurant next door in Little Rock, Arkansas, according to Dave & Buster’s website. The two decided to combine their concepts under one roof, opening their first store in Dallas in 1982.

From 1997 to 2006, Dave & Buster’s operated as a public company until it was acquired by Wellspring Capital Management LLC and HBK Main Street Investors LP. Stephen King, 56, has been the chief executive officer since 2006.

2011 IPO

Oak Hill Capital Partners LP purchased Dave & Buster’s in 2010 and filed for an IPO in July 2011, eventually withdrawing the plan the following year, citing market conditions. Oak Hill sought to sell the company earlier this year at a valuation of about $1 billion, drawing interest from Apollo Global Management LLC, people familiar with the matter said in March. Oak Hill didn’t sell shares in the IPO and will own 81 percent after the offering, regulatory filings show.

Oak Hill, the private-equity firm backed by Texas investor Robert M. Bass, bought Dave & Buster’s in 2010 for $570 million including debt. The firm committed about 96 percent of the deal’s $245.5 million of equity funding, according to filings. Less than a year after the buyout, Dave & Buster’s bought back $95 million of Oak Hill’s shares.

At the $16 offering price, Oak Hill would have an unrealized gain on its investment of at least 145 percent.

Dave & Buster’s posted $635.6 million in revenue in the year through Feb. 2, a 4.5 percent gain from the previous year, filings show. A little less than half of that amount was derived from food and beverage sales, while the rest came from entertainment, according to the prospectus.

Wednesday, October 8, 2014

Citigroup’s OneMain Financial files for IPO



Citigroup Inc. is one step closer to getting out of its U.S. subprime-lending unit.

The unit, OneMain Financial, on Wednesday filed initial paperwork required to split off as a public company. OneMain is a major player in subprime lending and how it performs is a bellwether for the rest of the industry.

Wednesday’s filing provides a window into OneMain, whose results Citigroup (C) hasn’t publicly parsed out before. Citigroup’s subprime unit suffered major losses in the financial crisis, but the filing shows it has been profitable since at least 2012: earning $407 million in net income in 2012, and $536 million in 2013. Citigroup earned $7.54 billion and $13.67 billion in those years, respectively.

OneMain noted the increased regulatory scrutiny affecting its industry. For example, it pointed out that the Consumer Financial Protection Bureau is cracking down on debt-collection practices. OneMain sells its troubled loans to agencies that hope to collect payment on them.

The filing also disclosed that independent auditors in 2011 and 2012 expressed reservations about the bank’s management of reserves it sets aside for potential losses. In those years, independent auditors found “material weakness,” including data input errors, incorrect forecasting and calculation errors related to loan-loss reserves. In 2013, auditors determined that the company had made progress on correcting the errors.

Tuesday, October 7, 2014

Amedica (AMDA) : 7-month performance


The Container Store (TCS) announced earnings on 6 October 2014


SodaStream (SODA) plunges to all-time low

NEW YORK (AP) — SodaStream says it isn't winning over enough new customers in the U.S. and reported preliminary sales that fell short of Wall Street expectations.

Over the past year, its stock has lost more than half its value.

CEO Daniel Birnbaum said Tuesday that the Israeli company's U.S. business underperformed in the third quarter because of lower-than-expected demand for its soda makers and flavors. While it successfully established a base of repeat users in the U.S., Birnbaum said SodaStream isn't attracting new users at the rate the company would like.


** daily **

** monthly **

SodaStream has touted its machines as a cheaper, more environmentally friendly alternative to buying bottled or canned drinks such as Coke and Pepsi. It has been trying to make a splash in the U.S. and advertised in the last two Super Bowls, with the latest commercial featuring actress Scarlett Johansson. Although the machines are in just 1 percent of U.S. homes, the company has noted it's in as many as 25 percent of homes in Sweden.

Depending on the model, SodaStream machines cost between $80 and $130 and are powered by CO2 cartridges, which cost about $30 and need to be replaced after a certain number of uses.

SodaStream's machines will soon face some formidable competition, however.

Keurig Green Mountain, which is known for its single-serve coffee makers, is expected to introduce a machine for cold drinks in coming months. Earlier this year, Coca-Cola Co. announced it was buying a stake in Keurig and that it would make some of its well-known beverage brands available for the "Keurig Cold."