IPO Report: Three New Stocks This Week

Three IPOs made their market debuts on Thursday. Another six are scheduled to price next week – a sign of continued health in the IPO market after a busy February.

Eighteen new stocks hit U.S. markets last month, the highest number since May 2011. Six more initial public offerings have debuted in the first two weeks of March, showing that companies are feeling safer that the market waters are warm enough to dip their toes in.

Here were this week’s IPOs:

  • M/A-COM Technology Solutions (Nasdaq: MTSI)

M/A-COM priced at the high end of its range at $19 per share. The stock is up 13.5% to $21.55 a share in a little less than two days. M/A-COM is a company that supplies analog chips to the military and auto/industrial markets. The company raised $114 million in its IPO by selling 6 million shares.

  • Demandware (NYSE: DWRE)

Demandware has taken off since hitting the market yesterday. The stock has already shot up 62% from its IPO price of $16 a share. Sellers of the leading on-demand e-commerce platform, Demandware raised $88 million by offering 5.5 million shares. The stock’s IPO price of $16 a share was well above its expected range of $12.50 to $14.50.

  • Allison Transmission Holdings (NYSE: ALSN)

Allison has been a little slower out of the gates than yesterday’s other two IPOs. The stock is up a modest 5% from its $23 IPO price, which was at the midpoint of its expected range. However, the company did sell 26.1 million shares in its IPO – 20% more than the 21.7 million it had anticipated selling. Allison makes transmissions used in commercial, military and transit vehicles.

The six stocks scheduled to IPO next week are BATS Global Markets (BATS), Caesarstone Sdot-Yam (CSTE), ExactTarget (ET), Vantiv (VNTV), Vipshop Holdings Limited (VIPS) and Whiting USA Trust (WHZ).

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