Top Nav

IPO Market Heating Up Again

After three weeks of inactivity, the IPO hopper is again filling up. In the wake of a November in which 16 companies went public, 14 more are set to price in the next two weeks alone.

Memorial Production (Nasdaq: MEMP) and Rose Rock (NYSE: RRMS) kicked off the busy fortnight by holding their initial public offerings yesterday. Twelve more IPOs are scheduled to hit the market next week.

Zynga (Nasdaq: ZNGA) is most prominent among them. The online games giant hopes to raise $900 million on a stock expected to price between $9 and $10 a share. By pricing their shares so modestly, Zynga is hoping to avoid the fate its fellow technology stocks Groupon (Nasdaq: GRPN) and Pandora (NYSE: P) suffered. Those companies’ stock prices fell sharply after their overhyped IPOs generated a lot of early buzz.

Michael Kors Holdings (NYSE: KORS) is another noteworthy company set to hold its IPO next week. The luxury fashion design house named for its founder plans to sell 41.7 million shares at a price range of $17-$19. With its revenue in fiscal 2011 up 58% from last year and the luxury sector enjoying a mini-boom at the moment, Michael Kors is hoping to capitalize during the busy holiday shopping season.

Other IPOs set to debut next week:

  • Laredo Petroleum (NYSE: LPI): The Tulsa, Oklahoma-based energy firm that focuses on oil and natural gas production plans to raise $333 million by offering 17.5 million shares at a price range between $14 and $20.The five-year-old company reported $456 million in sales for the 12 months that ended September 30.
  • Jive Software (Nasdaq: JIVE): The tech company that provides a social networking platform for enterprises plans to sell 11.7 million shares at an $8-$10 price range. The California-based company was founded in 2001.
  • FusionStorm Global (Nasdaq: FSTM): Another tech company that offers IT solutions to enterprises. Based in Massachusetts, FusionStorm Global plans to raise $175 million by offering 13.5 million shares at a $12-$14 price range. The two-year-old company booked $775 million in sales in the last year.

For a full list of upcoming IPOs, visit Renaissance Capital’s IPO Home web page.

Strike Price Offer

The Strike Price is your leading resource for insight into the world of options trading. Chief options analyst Andy Crowder will guide you through the best options strategies—telling you exactly where he's putting his money, and how you can make safe, reliable gains from some simple options trades. Your FREE subscription also includes Andy’s report "The One Vital Rule for Every Options Trade"—which reveals the #1 rule to achieve a high win-rate in every options trade.
You've successfully subscribed, click the link in your email to confirm your subscription.
There was an error, and you have not been subscribed, please try again.