U.S.-listed IPOs, annual deal count and value

The value of new U.S. stock listings has only ticked up modestly from 2022, when rapidly rising interest rates and COVID-related distortions in some industries depressed IPO activity.

As of December 31, 2024. Source: Bloomberg Finance L.P.

Matador Resources (MTDR) : 2-year performance

Matador Resources Company engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company primarily holds interests in the Eagle Ford shale play in South Texas; the Haynesville shale play, including the Middle Bossier shale play, as well as the Cotton Valley and Hosston formations in Northwest Louisiana and East Texas; the Wolfcamp and Bone Spring plays in Southeast New Mexico and West Texas; and the Meade Peak shale play in Southwest Wyoming and the adjacent areas of Utah and Idaho. As of December 31, 2012, its estimated total proved reserves were 23.8 million barrels of oil equivalent, including 10.5 million Bbl of oil and 80.0 billion cubic feet of natural gas. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.

Diamondback Energy (FANG) began trading on the NASDAQ in October 2012

Diamondback Energy (FANG), which drills for oil and gas in the Permian Basin in West Texas, slipped a fraction in weak volume. It's been trading in tight fashion in recent weeks and is extended 9% above a 58.80 buy point. The stock ran quickly up its 10-week moving average after going public in Oct. 2012. It corrected late last year to shape its latest pattern, which is fourth stage and therefore highly risky.

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Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2013, its net leasehold acreage in the Permian Basin was approximately 65,938 net acres; and estimated proved oil and natural gas reserves were 63,586 thousand barrels of crude oil equivalent. The company also held interests in 306 net producing wells in the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Fiesta Restaurant Group (FRGI), Inc. Announces Pricing of Upsized Public Offering of Common Stock

• The company was a Corporate spin-off from Carrols Restaurant Group in 2012. Stock in the company was traded on NASDAQ as FRGI until October 30, 2023 when it was taken private by investment firm Garnett Station Partners through its subsidiary Authentic Restaurant Brands.

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Fiesta Restaurant Group, Inc. (“Fiesta” or the “Company”) (NASDAQ:FRGI), the owner, operator, and franchisor of the Pollo Tropical® and Taco Cabana® fast-casual restaurant brands, today announced the pricing of a public offering of 2,700,000 shares of common stock at a price of $46.00 per share (the “Public Offering”). All of the shares were offered by Fiesta. The Public Offering was upsized from the previously announced offering size of up to $100,000,000 of common stock. The underwriters have also been granted a 30 day option by Fiesta and certain executive officers of the Company, as selling stockholders, to purchase up to an additional 405,000 shares of common stock offered in the Public Offering, of which 26,664 shares of common stock are currently issued and outstanding and are held by such executive officers. The Company will not receive any of the net proceeds from the sale of shares of common stock, if any, by the selling stockholders. The closing of the offering is expected to occur on November 20, 2013, subject to satisfaction of customary closing conditions.

The Company intends to use the net proceeds of the Public Offering and revolving credit borrowings under a proposed new senior secured revolving credit facility, which the Company anticipates entering into following the closing of the Public Offering, to (i) repurchase all of its outstanding 8.875% Senior Secured Second Lien Notes due 2016 (the "Notes") tendered pursuant to a tender offer commenced on November 12, 2013 and to be completed after the Public Offering (or through a redemption of the notes not tendered in the tender offer), (ii) repay any outstanding borrowings under its existing credit facility, if any, (iii) pay related fees and expenses of the Public Offering and the transactions above and (iv) for general corporate purposes. The consummation of the Public Offering is not subject to or conditioned upon the consummation by the Company of the tender offer or the Company entering into the new senior secured revolving credit facility. In the event that the Company is unable to enter into the new senior secured revolving credit facility and subsequently repurchase the outstanding Notes pursuant to the tender offer, the Company intends to use the net proceeds of this offering in accordance with the terms of the indenture governing the Notes to repurchase a portion of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption.

Jefferies LLC, Wells Fargo Securities, LLC, and Raymond James & Associates, Inc. are serving as joint book-running managers for the Public Offering. Stephens Inc. is serving as co-manager for the Public Offering.

About Fiesta Restaurant Group, Inc.

Fiesta Restaurant Group, Inc. owns, operates and franchises the Pollo Tropical® and Taco Cabana® restaurant brands with 310 restaurants in the U.S and internationally as of September 29, 2013. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct and unique flavors with broad appeal at a compelling value. Both brands feature made-from-scratch cooking, fresh salsa bars, and drive-thru service and catering. For more information about Fiesta Restaurant Group, Inc., visit the corporate website at www.frgi.com.

Forward-Looking Statements

Except for the historical information contained in this news release, the matters addressed are forward-looking statements. Forward-looking statements, written, oral or otherwise made, represent Fiesta's expectation or belief concerning future events. Without limiting the foregoing, these statements are often identified by the words “may,” “might,” “believes,” “thinks,” “anticipates,” “plans,” “expects”, “intends” or similar expressions. In addition, expressions of Fiesta's strategies, intentions or plans, are also forward-looking statements. Such statements reflect management's current views with respect to future events and are subject to risks and uncertainties, both known and unknown. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Fiesta's control. Investors are referred to the full discussion of risks and uncertainties as included in Fiesta's filings with the Securities and Exchange Commission.

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About Authentic Restaurant Brands

Authentic Restaurant Brands is a holding company of powerhouse, regional food and beverage brands with extraordinary customer brand loyalty and rich, authentic stories. Established in 2021, ARB is a Garnett Station portfolio company currently comprised of three market-leading, iconic brands each with over 25-year operating histories including Primanti Bros Restaurant & Bar based in Pennsylvania, West Virginia, Ohio, and Maryland, P.J. Whelihan's Pub & Restaurant based in the Greater Delaware Valley including Philadelphia and South Jersey and Mambo Seafood based in Houston, Texas.

ARB is strongly committed to growing each of our brands by leveraging their respective foundations, while sharing best practices across our portfolio under our common ownership. For more information, please visit www.authenticrb.com.

About Garnett Station Partners

Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $2 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. The firm draws on its global relationships, operational experience and rigorous diligence process to source, underwrite and manage investments. Core sectors include consumer and business services, health & wellness, automotive, and food & beverage. Garnett Station's culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit www.garnettstation.com.

YY Inc. (YY) started trading on the NASDAQ on 21 November 2012

Chinese social media platform YY Inc. (NASDAQ: YY) visited the NASDAQ Marketsite in Times Square, NYC in celebration of their initial public offering, which occurred on Wednesday, November 21, 2012.

YY is a revolutionary rich communication social platform that engages users in real-time online group activities including online games, karaoke, music concerts, education, live shows and conference calls. As of September 30, 2012, YY had 400.5 million registered user accounts and 393 billion user voice minutes.

Address

Bldg 3-08,Yangcheng Creatve Indstry Zone No.309 Huangpu Avenue Middle,Tianhe Dist
GUANGZHOU, GNG 510655
China

Website 

http://www.yy.com

Key stats and ratios

	Q3 (Sep '13)	2012
Net profit margin	26.35%	10.86%
Operating margin	27.52%	12.55%
EBITD margin	-	16.50%
Return on average assets	24.24%	7.29%
Return on average equity	32.41%	-
Employees	1,298

WhiteWave Foods started trading on the NYSE on 26 Oct 2012

• WhiteWave Foods was acquired by Danone for  $56.25 per share in cash in 2017, becoming part of Danone North America. 
• Brands: WhiteWave Foods' portfolio included well-known brands like Silk, So Delicious, International Delight, Horizon Organic, Earthbound Farm, and Alpro (in Europe). 

Executives and guests of The WhiteWave Foods Company, a consumer packaged food and beverage company with leading brands in plant-based foods and beverages, coffee creamers and beverages and premium dairy products, visit the New York Stock Exchange (NYSE) today to celebrate the company’s initial public offering. WhiteWave’s stock now trades on the NYSE under the ticker symbol “WWAV”. Barclays is the Designated Market Maker.

In honor of the occasion, Chief Executive Officer Gregg L. Engles, joined by members of WhiteWave’s leadership team, rings the NYSE Opening Bell and visits the trading floor to witness the stock opening.

Seadrill Partners (SDLP) began trading on the NYSE on 16 Oct 2012

• 9Seadrill Partners LLC (NYSE:SDLP) is an MLP formed by the Norwegian offshore oil and gas drilling Seadrill Limited (SDRL)
• Initial public offering of 8,750,000 common units at a price of $22.00 per unit

Workday (WDAY) started trading on the NYSE on 12 Oct 2012

Workday (WDAY)  shares traded up 74% to close at $48.69 after pricing at $28 a share, above its range of $24-$26. The stock opened trading at $48.05.

The IPO was drawing so much attention the Pleasanton, Calif.-based company early this week raised its proposed range from $21-$24. Workday offers Web-based applications used by businesses to manage employee records and processes.

Workday is still unprofitable, but its revenue has been growing steadily. For the six-month period ended July 31, the company posted a loss of $47 million, compared with loss of $36 million in the year-earlier period. But its revenue more than doubled to $119.5 million in that same period.

The company was co-founded by Dave Duffield, who also started enterprise software vendor PeopleSoft, which later was bought by Oracle (ORCL) after a hostile takeover battle. Several other PeopleSoft alums are in Workday’s executive ranks.

Dave Duffield addressing PeopleSoft employees in 2005

Eight years ago, Dave Duffield sadly broke the news to his employees at PeopleSoft Inc. that the software company he co-founded 18 years before had lost a hostile takeover battle against Oracle Corp.

Trulia (TRLA) started trading on the NYSE on 20 Sept 2012

Trulia’s stock (TRLA) traded up 41% to close at $24, after opening at $22.10. The online real-estate listing company priced its IPO late Wednesday at $17, above its initial expected range of $14 to $16.

The IPO market has been quiet for more than a month, as the traditional late-summer freeze extended into September.

Trulia says it had 22 million monthly unique visitors and more than 360,000 real-estate professionals using the site as of the end of June, according to the company’s filings with the Securities and Exchange Commission. The company’s revenue comes from subscription sales to real-estate professionals, as well as online display advertising.

Trulia recorded a loss of $7.6 million on revenue of $29 million for the six-month period ended June 30, according to its IPO filing. That compared with a loss of $2.6 million on revenue of $16 million in the same period a year earlier.

Trulia competes in an increasingly popular space, the market for online services geared to real-estate transactions.

One of its main competitors, Zillow Inc. (Z), had a successful IPO in July 2011. Zillow shares have doubled since the beginning of the year. Its stock was trading down 1.3% at $45 on Thursday.

CEO and Founder Pete Flint attends the Trulia IPO and rings the Closing Bell at the New York Stock Exchange on September 20, 2012 in New York City.

Hi-Crush Partners (HCLP) started trading on the NYSE

Update March 2024: Hi-Crush was previously known for its frac sand production, advanced wellsite storage, and last-mile logistics services.  It was acquired by Atlas Energy Solutions Inc. (AESI) in March 2024, creating the largest proppant producer in North America. 

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Hi-Crush specializes in monocrystalline sand, a type of proppant used to maintain the flow of oil and natural gas from wells during hydraulic fracturing. 

• Hi-Crush Partners IPO rises after price cut
• Producer of sand for hydraulic fracturing gains 18%

Hi-Crush Partners L.P. (HCLP, $20.00, +$3.00, +17.65%) stock gained on its first day as a public company Thursday. The producer of premium monocrystalline sand which is used to improve the recovery of oil and gas during hydraulic fracturing drilling had opened at $17, flat with its initial public offering price.

Its offering is faring better than a similar deal for frac sand producer U.S. Silica Holdings Inc. (SLCA, $12.92, +$1.10, +9.31%), which declined nearly 6% on its debut in February and was recently trading below its IPO price of $17 a share.

U.S. Silica Holdings (SLCA) started trading on the NYSE in Feb 2012

• Update  July 31, 2024:  U.S. Silica has been acquired by Apollo Global Management (APO) for $1.85 billion.

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Frac sand producer U.S. Silica Holdings Inc. (SLCA, $12.92, +$1.10, +9.31%), which declined nearly 6% on its debut in February and is still trading below its IPO price of $17 a share.

Natural Grocers by Vitamin Cottage (NGVC) started trading on the NYSE on 25 July 2012

Natural Grocers by Vitamin Cottage lists IPO on the New York Stock Exchange. Chairman and Co-President Kemper Isely rings the Opening Bell.

E2open (EOPN) started trading on the NASDAQ on 26 July 2012

E2open, Inc. (EOPN), a leading provider of cloud-based, on-demand software solutions for collaborative execution across global trading networks, visited the NASDAQ MarketSite in Times Square to celebrate their initial public offering on The NASDAQ Stock Market on Thursday, July 26, 2012.

Palo Alto Networks (PANW) started trading on the NYSE on July 20, 2012

Palo Alto Networks Inc. of Santa Clara, Calif. — also had a successful IPO this week. The enterprise software maker priced its initial public offering shares at $42 on Thursday, raising $260 million. Trading under the symbol PANW, its shares closed at $53.13 on Friday, 26 percent over the initial price.

Kayak Software (KYAK) started trading on the NASDAQ on July 20, 2012

Kayak Software jumps 29% on IPO debut

Shares of Kayak Software (US:kyak) jumped 29% to $33.78 after the stock opened trading on the Nasdaq on Friday morning, following its initial public offering. The shares rose to $33.60, after pricing at $26 late Thursday. The company sold 3.5 million shares in the offering. Morgan Stanley and Deutsche bank led the deal. The stock opened trading at $30.10. The IPO follows another strong debut from Palo Alto Networks (US:panw) earlier in the morning, with that stock up more than 34% from its IPO price.

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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.

Facebook (FB) started trading on the NASDAQ on 18 May 2012

 

IPO price: $38

• FB sold 421 million shares Thursday at $38 after bumping up the price range from the original $28 to $35 per share. 
• The stock began trading above $42 Friday morning and came under pressure in the afternoon, spending much of the final half hour just above $38 before finishing at $38.23. (The stock traded as high as $44 in the private market in March.) Without reported support from the deal underwriters, the shares might have fallen below $38 in what would have been a big embarrassment for Facebook and Wall Street.

Monitors in Times Square on May 18 showed the news of Facebook trading on the Nasdaq.

Spectators waited outside the Nasdaq stock exchange for Facebook's share price to be posted during its debut on May 18.

Zynga (ZNGA), Groupon (GRPN) and LinkedIn (LNKD) volatility stays elevated as shares trade lower after Facebook (FB) IPO.

• Zynga June put option implied volatility is at 107, September is at 87; above its 19-week average 68. 
• Groupon June put option implied volatility is at 146, July is at 132 above its 26-week average of 57. 
• LinkedIn June put option implied volatility is at 64, July is at 58; compared to its 26-week average of 62.