180 Degree Capital Corp. (TURN)

[SuperSquirrel]

This could be a good year for TINY if a few of their companies do an IPO. Closed at $4.36 today and I'm calling it a long-term buy...

"IPOs Expected to Have Strong Year As Stocks Recover"

On Friday January 7, 2011, 3:13 pm EST

U.S. companies are expected to go public this year at the best pace in three years, as investors regain confidence in stocks and seek more risk.

Among the first to test the waters will be TV ratings company Nielsen Holdings, while a big wild card for the market will be whether one of the young, fast-growing internet companies like LinkedIn or Groupon decide to go with an initial public offering (IPO).

A rebound from the two-year slump in the U.S. IPO market started last year and should accelerate, industry experts say. There are currently more than 130 companies in the pipeline, mostly U.S.-based, and at least twice as many are believed to be waiting in the wings.

"U.S. IPOs will step up in activity due to recent clarity on tax rates, the Federal Reserve's QE2 effort to push investors into the equity market and the prospects of a more business-friendly federal government," says IPO research and management firm Renaissance Capital in a recent report.

The firm's research director Paul Bard told CNBC that the IPO market will continue to take its cue from broader equity markets, but he sees the environment as very positive.

"Companies are feeling better about their business and growth prospects; money is coming to equity funds, and investors are making money in IPOs not only on the first day, but after the first day as well," he said.

Bard sees the growing activity on private exchanges as an indication of a strong desire among institutional investors for young, U.S. growth companies.

"This means should they decide to move forward with IPOs, there should be strong demand from the buy side," he said.

The biggest surprise of the year may come from the swollen shadow IPO pipeline that includes some high-profile names.

Peter Falvey, a managing director at Morgan Keegan, says the real wild card in 2011 will be hyper-growth Internet companies currently on sidelines like Facebook, LinkedIn, Groupon, Zynga or Twitter.

"If one of them files, this will bring attention to the IPO market unlike anything we have seen since at least Google went public in 2004," Falvey said.

Just this week, reports surfaced that Goldman Sachs (NYSE: gs) has offered its wealthy private clients an opportunity to invest in Facebook. The reported investment raised Facebook's valuation to a jaw-dropping $50 billion.

According to Falvey, this gives Facebook the luxury of putting off an IPO for some time. In fact, the latest reports say the company will go public or disclose financial information no earlier than April 2012.

"Their early investors aren't clamoring for liquidity, and they won't want to disclose their numbers to the public through filings until necessary," Falvey said. Staying private also makes it easier for Facebook to further experiment with its revenue model, he adds.

This year, the U.S. IPO market will see more traditional growth issuers, with U.S. small cap tech and consumer companies picking up activity, expects Bard of Renaissance Capital. The healthcare sector is also anticipated to stage a comeback, after being notably absent last year due to uncertainties surrounding policy reform.

Private-equity IPOs, which struggled in 2010, should increase in both number and volume, according to Bard.

"We expect several large $1billion-plus private equity IPOs," he said. However, investors will continue to push for lower prices.

One of the first blockbuster offerings of the year may be Nielsen Holdings. The company could raise $2 billion, becoming the largest PE-backed public offering in a decade. Bard says keep an eye on HCA, the largest private hospital operator in the country. This IPO could set a record, raising close to $5 billion. Other notable IPOs currently in the pipeline: Toys "R" Us, Kinder Morgan, and Skype.

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