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The IPO Board (IPOB)

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Last Post: 11/23/2015 11:02:36 PM - Followers: 36 - Board type: Free - Posts Today: 0

Initial Public Offering - IPO
The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded.

In an IPO, the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), best offering price and time to bring it to market.

Also referred to as a "public offering".

IPOs can be a risky investment. For the individual investor, it is tough to predict what the stock will do on its initial day of trading and in the near future since there is often little historical data with which to analyze the company. Also, most IPOs are of companies going through a transitory growth period, and they are therefore subject to additional uncertainty regarding their future value.

All users welcome. Discussion of IPO past, present and future.

As always, Do your own DD and perhaps we can gain some insight on what makes some of these IPO's fly and some dive.

For example, JCREW (JCG) is up 34.7%, since 06/28....
and Vonage has taken a hit of -54.9% since 06/09 (OUCH)!!


Solid IHUB Boards*:

"The massive amount of numbers in a company's financial statement can be bewildering and intimidating to many investors. On the other hand, if you know how to read them, the financial statements are a gold mine of information. Those who feel challenged in the aspects of fundamental analysis should take comfort knowing that our team will not only assist you in learning this information, but will make it simple to do so."~This board works in tandem with TA or Die"

"This a heads up board for posting recent PRE/DEF-14C REGDEX SB-2 Form 1-E / 2-E S-1 / S-2 / S-3 424B1 424B3 S-8 and EFFECT filings. TOXIC CHARTS that correspond to the filings on this board can be found here for easy visualization of how close the dilution is to being spent."

"This board is for discussing pink to blue stocks and trading strategies, and for off-topic posts. When your post is related to a stock, please type the ticker in the message header. As the name implies, we are here to discuss stocks, make money, and have a little friendly chit-chat. If you think someone's opinion is whacked, that's OK. But please refrain from personal attacks or abuse. Let's have fun...and make some $$$."

"Value Microcaps is dedicated to finding profitable, low p/e, value stocks. Although our title would suggest a limit on market cap or stock price, we are primarily looking for the "Value" proposition and buy some stocks that are bigger. We avoid story stocks with no revenues or earnings. We do look for turnaround situations where companies have posted a profitable qtr and have indicated in their guidance that additional profits are imminent."

Check your prospectus before buying...always!

Also, please check out: IPO section

Retail Roadshows:

MEET THE S-1:A very clear and easy to follow description of this very important and informative filing.

IPO Quiet Period Dates

Upcoming IPO Quiet Period Dates

IPO Quiet Period Dates

Upcoming IPO Quiet Period Dates
Company Name Symbol Offer Date Lead Underwriter Quiet Period Expires
Alternative Asset Management Acquisition AMV-U 8/1/07 Citi 9/10/07

Dolan Media DM 8/1/07 Goldman Sachs 9/10/07

Genpact Limited G 8/1/07 Morgan Stanley 9/10/07

Sucampo Pharmaceuticals SCMP 8/1/07 Cowen & Company 9/10/07

Concho Resources CXO 8/2/07 J.P. Morgan 9/11/07

Virtusa VRTU 8/2/07 J.P. Morgan 9/11/07

Quicksilver Gas Services LP KGS 8/6/07 UBS Investment Bank 9/15/07

E-House (China) Holdings EJ 8/7/07 Credit Suisse 9/16/07

HireRight HIRE 8/7/07 Credit Suisse 9/16/07

Masimo Corporation MASI 8/7/07 Piper Jaffray 9/16/07

DemandTec DMAN 8/8/07 Morgan Stanley 9/17/07

WuXi PharmaTech WX 8/8/07 Credit Suisse 9/17/07

Horsehead Holding ZINC 8/9/07 Friedman Billings 9/18/07

MercadoLibre MELI 8/9/07 J.P. Morgan 9/18/07

Paragon Shipping PRGN 8/9/07 UBS Investment Bank 9/18/07

VMware VMW 8/13/07 Citi 9/22/07

Cosan Limited CZZ 8/15/07 Credit Suisse 9/24/07



Brokers for getting into Primary Market offerings IPO:

"We put the Public back in IPO"
Offering MarketplaceTM enables FBRDirect customers to learn about IPO's and secondary offerings and place a Conditional Offer (C.O.) to buy shares of offerings online.
FBR will make up to 20% of the shares FBR receives in an offering available to online investors.

Due to the limited number of securities distributed by FBRDirect, no assurances may be made that any particular customer will receive an allocation of securities. *

*$10,000.00 Minimum to open an account


E Investment Bank (Wedbush Morgan Securites)




**$2000.00 to open an account



27 Definitions...used in IPO Financial Analysis

% offered in IPO Expected IPO proceeds divided by market value
Annualized Earnings(loss) Quarterly earnings (loss) multiplied by four
Annualized Sales Quarterly sales multiplied by four. Not used for seasonal businesses
Market value Price per share times number of shares issued & outstanding
Price-to-Book Value Market value divided by Book Value
Price-to-Earnings (loss) Market value divided by Annualized Earnings (loss)
Price-to-Sales Market value divided by Annualized Sales
Price-to-Tangible Bk Value Market value divided by Tangible Book Value
Selling Shareholders Pre-IPO investors who use the IPO to sell their stock
Use of Proceeds Usually for working capital, debt repayment, or selling shareholders

Profit/Loss Income Statement
Amortization Non-cash (income statement) charge, applies to 'Goodwill'
Cost of GoodsSold(COGS) Direct cost of goods, not including adv, sales, marketing, etc.
Depreciation Non-cash charge reducing an asset's value: a building 'depreciates'
Equity Charges Non-cash compensation charges, usually related to stock options
Excluded charges Usually equity compensation, amortization, sometimes depreciation
Gross Margin Sales minus Cost of Goods Sold (COGS)
Gross Margin % Gross Margin divided by Sales
Income Statement Sales & expenses over a specified time, similar to a tax return
Profit % Profit divided by Sales

Balance Sheet
Balance Sheet A snapshot on a particular day of assets & liabilities
Book Value Shareholder's Equity on the balance sheet
Current Assets Assets which can be converted to cash within 12 months
Current Liabilities Liabilities which are due and payable within the next 12 months
Goodwill Price paid (in acquiring a business) over Tangible Book Value
Shareholders Equity Total assets less all liabilities (current + long term)
Tangible Book Value Book Value less 'goodwill asset accounts' on the balance sheet
Working Capital Current assets less current liabilities
Visa (V)

(in millions)
Market Cap $30,775.0
Revenues $5,508
Net Income ($686)

Shares Offered 406.0 mm


J.P. Morgan -Joint Book Runner
Goldman Sachs- Joint Book Runner
Banc of America -Joint Book Runner
Citi -Joint Book Runner
HSBC Corporation -Joint Book Runner
Merrill Lynch- Joint Book Runner
UBS Investment Bank- Joint Book Runner
Wachovia Securities- Joint Book Runner
CIBC World Markets- Co Manager
Daiwa Securities -Co Manager
Mitsubishi UFJ Securities -Co Manager
Piper Jaffray -Co Manager
RBC Capital Markets- Co Manager
Suntrust Robinson -Co Manager
Wells Fargo Securities -Co Manager
ABN AMRO -Co Manager
Barclays Capital -Co Manager
Calyon Securities -Co Manager
Credit Suisse- Co Manager

P.O. Box 8999
San Francisco, CA
(415) 932-2100


You can at least look at the S4 and it's ammendments thus far, as well as some 425's ....

#1369   Grabbed some SQ under 13. JohnCM 11/23/15 11:02:36 PM
#1368   **KEYO** THANKS FOR THE HEADS UP . I'm whizknock 07/06/15 12:15:58 AM
#1367   NantHealth, LLC will be going public probably this lesnshawn 07/05/15 06:30:29 PM
#1366   Why didn't I hear about this? JohnCM 04/01/15 09:01:49 PM
#1365   12/22/2014 @ 10:12AM Forbes JohnCM 03/15/15 07:41:15 PM
#1364   Uber IPO as this years highest valued IPO Priestyle 03/13/15 07:51:32 AM
#1363   PharmaCan Capital Corp. Announces Commencement of Trading on JohnCM 12/17/14 10:17:00 AM
#1362   Can we keep an eye out for this one? JohnCM 12/16/14 08:22:24 PM
#1361   I want to research this ... JohnCM 12/15/14 01:33:34 AM
#1360   AUSTRALIA’S first initial public offering (IPO) in a JohnCM 12/13/14 01:39:27 AM
#1359   I will start to use this board and JohnCM 12/12/14 10:46:16 PM
#1358   IPO REPORT: MBLY [SMART MONEY] 08/04/14 09:13:20 AM
#1357   Just a shout out to Lady'b. Yes alive. papaocean 08/03/14 06:45:46 PM
#1356   $AMC might be a Chinese stock that goes up! Penny Roger$ 12/30/13 08:24:26 AM
#1355   Any new news on the Bloom Energy IPO? JohnCM 09/23/13 02:17:38 PM
#1354   Smith Electric Vehicles ipo in Q2. According to Joz 03/02/12 07:16:48 AM
#1353   Well it was a long time coming, but Joz 11/10/11 06:24:59 AM
#1352   Details Regarding The Upcoming Facebook IPO Rock_nj 09/20/11 03:12:41 PM
#1351   Smith Electric Vehicles ipo coming soon. Joz 05/05/11 03:35:58 AM
#1350   Renren: MistySteel 05/04/11 01:31:54 AM
#1349   HomeAway Files for IPO Valued at as Much SuperSquirrel 04/08/11 10:46:21 PM
#1348   Zipcar To Go Public, Seeking $89 Million From IPO fredman 04/04/11 09:07:06 PM
#1347   "Smith Electric intends to put 100,000 electric trucks Joz 03/07/11 02:42:15 AM
#1346   Smith Electric Vehicles ipo, 2011. One to watch Joz 02/08/11 05:10:54 AM
#1345 bob smith 06/16/10 06:02:09 PM
#1344   Hi stranger!! :-) EZ2 04/12/10 01:10:09 PM
#1343   Venture Capital mlkrborn 02/01/10 05:01:47 PM
#1342   I never got a round TRIT Stock 09/17/09 03:18:04 PM
#1341   TRIT up 23% on a down day kumqwatt 09/17/09 03:10:04 PM
#1340   Tri-Tech Holding Announces Pricing of Initial Public Offering Stock 09/11/09 10:41:46 AM
#1339   TRIT new IPO looking good kumqwatt 09/11/09 10:31:15 AM
#1338   NYSE Lowers IPO Public Float Requirement Stock 08/31/09 08:59:30 PM
#1337   On Deck - Week of 6/29 MistySteel 06/29/09 08:15:44 PM
#1336   OPEN +11.89 / +59.45% = Solid entrance to MistySteel 05/21/09 09:01:05 PM
#1335   OpenTable, Inc. Prices Initial Public Offering MistySteel 05/21/09 11:15:18 AM
#1334   IPO link on NASDAQ .COM Stock 05/13/09 08:17:43 PM
#1333   On Deck: MistySteel 05/11/09 12:59:35 PM
#1332   thoughts on ipos into 2009 article badknees29 12/26/08 03:39:44 PM
#1331   Filings, Offerings, Pricings and IPOs Filings: Senomyx badknees29 08/28/08 10:45:54 AM
#1330   Filings, Offerings, Pricings and IPOs Filings: Paramount Gold badknees29 08/21/08 02:02:12 PM
#1329   Filings, Offerings, Pricings and IPOs Filings: Teton badknees29 08/14/08 04:37:39 PM
#1328   Filings, Offerings, Pricings and IPOs Filings: Teton badknees29 08/14/08 04:34:20 PM
#1327   Worldwide IPOs in July Fell to Five-Year Low DewDiligence 08/04/08 12:22:27 AM
#1326   Russia's Yandex could raise $500 million to $1 eastunder 07/24/08 12:46:00 PM
#1325   Hello Bridget! eastunder 07/24/08 12:39:01 PM
#1324   GT Solar Tries to Light IPO Market eastunder 07/24/08 12:35:35 PM
#1323   SOLR is open kumqwatt 07/24/08 11:05:55 AM
#1322   IPI is open kumqwatt 04/22/08 10:01:03 AM
#1320   Hey Ico...I see you're on this one too...should fastlizzy 04/20/08 04:04:27 PM
#1319   IPI appears to be breaking ground in a iconoclassic 04/20/08 03:21:07 PM