Upcoming IPO's & IPO Discussion - New stocks coming to the market!

great thread idea and you should do one for the FDA too

 

Bought trade desk today. Also interested in the apptio IPO too. Yeah do a bio teck. Got some I'm holding that are not on this site

 

E.l.f. Beauty Shares Soar in IPO

E.l.f. Beauty Inc. shares surged 56% during their first day of trading on the New York Stock Exchange Thursday, valuing the discount-priced cosmetics company at more than $1 billion.

The company aims to provide beauty products at prices below the brands typically sold in department stores and high-end specialty stores. According to e.l.f.—which stands for eyes, lips, face—most of its items retail for $6 or less.


E.l.f. products are sold online and in roughly 19,000 retail stores in the U.S., according to the company. It counts Target Corp. as its oldest national retail customer but also has agreements with Wal-Mart Stores Inc., Gap Inc. ’s Old Navy chain and CVS Health Corp.

The company also had nine of its own retail stores in the New York metro area, as of August, and plans to open more stores nationally in high-traffic locations.

The stock, which trades under the symbol “ELF,” closed at $26.50 in New York, valuing the company at $1.18 billion. The shares opened at $24 and rose as high as $27.40 intraday.

The new listing comes amid a weak IPO market. As of Friday, just 68 companies had gone public on U.S. exchanges this year, raising $13.7 billion, according to Dealogic. At this point in 2015, 138 companies had listed on U.S. exchanges, raising $27.3 billion—a 62% drop from the same period in 2014.

Wednesday, the company’s initial public offering of 8.3 million shares was priced at $17 a share, above the estimated range of between $14 and $16 each. E.l.f. received $63.2 million in proceeds, before expenses, the company said, while its selling shareholders received $68.5 millions.

E.l.f. was to sell 4 million shares in the offering, with the remaining 4.3 million shares offered by selling shareholders. The company’s primary shareholder is private-equity firm TPG, which is expected to own 43% of the company after the IPO.

For the six months ended June 30, e.l.f. reported a profit of $1.1 million, compared with $2.7 million a year earlier. Revenue rose 29% to $96.8 million.

E.l.f. said it aims to expand its brand into skin care and other products, and that it recently introduced a skin-care line priced at $4 to $12 per product.

http://www.wsj.com/articles/discount-cosmetics-firm-e-l-f-soars-in-stock-market-debut-1474560269

 

Ttd above my first day buy. I'm passing on apti as of now. Nutanix is tempting. As usual twlo kicking butt. Been exciting IPO trades

 

Forgot airg. Another IPO making new highs for me

 

Wow what a big flop

 

Snapchat Parent Begins the IPO Process
Messaging company, now called Snap, could be valued at $20 billion to $25 billion

Snap Inc. has confidentially filed paperwork for an initial public offering, a major step forward in plans for what would be one of the highest-profile share debuts in recent years.

The messaging company, formerly known as Snapchat, made the filing with the Securities and Exchange Commission ahead of the presidential election, and the surprise victory of Donald Trump hasn't affected its plans to go public as early as March, according to people familiar with the matter.

An IPO could value Snap at between $20 billion and $25 billion, one of the people said. The Wall Street Journal reported last month that the valuation could be $25 billion or more. It isn’t clear what’s caused the valuation to edge downward.

If Snap moves forward with an IPO at the current expected valuation, it would still be the largest U.S.-listed technology offering since Chinese e-commerce company Alibaba Group Holding Ltd. made its debut at a $168 billion valuation in 2014.

It also could provide a boost for an IPO market that has had a dismal year. Just 103 companies have listed their shares in the U.S. this year, raising $21.8 billion, according to Dealogic. That is down from 165 deals raising $34.6 billion at the same juncture last year and marks the lowest year-to-date level for deals since 2009 and proceeds since 2010. Technology IPOs have experienced similar weakness.

But bankers and investors are optimistic that a successful debut for Snap could convince other large bellwether tech companies to tap the IPO market. The recent strong performance of the few tech-company shares that have started trading this year has given market participants confidence that the new-issue market is due for a rebound next year.

Snap would become the first of a small group of highly valued and closely watched venture-backed companies, led by Uber Technologies Inc., to test the public markets.

Snap has the ability to file confidentially because it expects to generate less than $1 billion in revenue this year. Through the 2012 Jumpstart Our Business Startups Act, companies with annual revenue under $1 billion have the option to file an initial draft of their IPO prospectus with regulators and make adjustments before revealing it to the public. Morgan Stanley and Goldman Sachs Group Inc. will serve as lead underwriters on the Snap IPO.

Mindful that there hasn’t been a big tech IPO to test the market in a while and with a view toward the long-term performance of the stock, Snap executives plan to be relatively conservative in pricing the offering, the people said.

Recent tech offerings have generally been priced conservatively. The average multiple of total company value to expected sales for tech companies at their debut this year was three times, compared with 3.6 times last year and 4.9 times in 2014, according to a recent report from Deutsche Bank’s equity-capital-markets group.

There is no guarantee Venice, Calif.-based Snap will proceed with a share sale in the time frame it currently envisions, or that it will achieve the valuation contemplated.

The four-year-old company, best known for allowing users to send disappearing messages from their smartphones, has notched swift revenue growth since it first started running advertisements in 2014. The company told investors earlier this year that it expected revenue of between $250 million and $350 million in 2016 and as much as $1 billion in 2017. It is already ahead of the top end of its 2016 forecast, people familiar with the matter have said. In 2015, the company generated just $60 million in revenue. Snapchat loses money, according to people familiar with the matter, as it focuses on revenue growth and finding ways to make money off its big user base.

Snap primarily makes its money by selling ads on Snapchat that are slotted in between stories contributed by media partners and video diaries posted by its 150 million daily active users. Marketers also can purchase location-based or event-based geofilters and “lenses” that add quirky characteristics to photos and video. Snapchat is dominant in the 18 to 24-year-old demographic, but it is now trying to broaden its reach.

In September, the company renamed itself Snap in a bid to show that its ambitions revolve around the camera, not simply the Snapchat messaging app. As part of the change, it unveiled camera-equipped sunglasses, called Spectacles, that can record video in short bursts.

Its foray into hardware gives Snap a potentially new way to make money, but it is rife with new challenges, such as managing inventory. Snap limited the release of the $130 Spectacles starting last week by placing a vending machine in a pre-announced location every few days. The marketing gimmick has created early buzz, with people rushing the vending machines and selling the Spectacles online for over $1,000, but it’s too early to tell whether the sunglasses will be a successful product.

http://www.wsj.com/articles/snap-begins-the-ipo-process-1479244471

 

at the very least we all know day 1 there will be a huge pop of the stock just off hype.

 

Snapchat parent firm Snap Inc. has filed confidentially for a public share offering valuing the disappearing messaging platform at more than $20 billion, The Wall Street Journal reported Tuesday.

The initial public offering (IPO) would be among the biggest in the tech sector in recent years and shine a light on the fast-growing platform used by more than 100 million people.

It is one of the sector's most prominent "unicorns" -- a term used for venture-backed firms with valuations over $1 billion -- along with Uber and Airbnb.

 

Twitter's market cap is now at 13 billion, so Snapchat already has higher valuation than Twitter

 

Snapchat Passes Twitter in Daily Usage

The four-year-old messaging app is said to have 150 million people using it each day.

Snapchat Inc. has 150 million people using the service each day, said people familiar with the matter. That makes the four-year-old messaging app more popular than Twitter Inc. by daily active users.

Snapchat has been growing quickly, boosted by its popularity among young people. The app had 110 million daily users in December, said the people, who asked not to be named because they weren’t authorized to speak about the numbers.

Twitter, which was founded in 2006, has less than 140 million users interacting with the service daily, according to an average of analysts’ estimates surveyed by Bloomberg. The short-messaging service was once the largest social network after Facebook Inc. but has since been surpassed by Facebook’s other apps, including Instagram, Messenger, and WhatsApp.

Twitter has 310 million monthly active users, according to its most recent earnings report. The company doesn’t disclose how many of those people check in daily, but in the third quarter, it said about 44 percent of monthly users are active each day in the service’s top 20 markets. Twitter Chief Financial Officer Anthony Noto said at the time that the percentage had been stable but that “we’ll be sure to disclose” if there was a significant change. The company hasn’t given an update since then. This implies a daily active user count of 136 million. Twitter and Snapchat declined to comment.

Snapchat has made communicating more of a game by letting people send annotated selfies and short videos. It has allowed people to use its imaging software to swap faces in a photo, transform themselves into puppies, and barf rainbows. (In March, Facebook said it acquired the startup behind an app called Masquerade, which offers similar photo-manipulation tools.) Snapchat encourages people to visit the app frequently with features such as the "Snapstreak," which counts the number of consecutive days they’ve been communicating with their closest friends. Snapchat’s other content, such as news and Live Stories, disappear after 24 hours.

Messaging on Snapchat is “very modern,” Twitter Chief Executive Officer Jack Dorsey said on Wednesday at Recode’s technology conference. He acknowledged that Twitter at times can be confusing and alienating—something he’s trying to fix.

https://www.bloomberg.com/news/articles/2016-06-02/snapchat-passes-twitter-in-daily-usage

 

Here's one more industry that can benefit from the Trump trade

U.S. President-elect Donald Trump: a help for IPOs? To the many industries that might benefit from a Trump presidency, you can add IPOs.

It's worth exploring, particularly since the IPO market has been moribund this year and Snapchat and German hotel firm Trivago filed for an IPO this week.

And next Tuesday, the NYSE will play host to what might be the most unusual IPO of the year: Innovative Industrial Properties, a Real Estate Investment Trust (REIT) REIT that owns and manages cannabis facilities.

Hey, somebody's got to own the pot farms.

Back to Trump and IPOs. Here's the thinking:

1) The market rally is a big help. Market conditions are the number one determinant for IPO activity. With major indices at new highs, individual stocks breaking out, and trading volumes more than 50 percent above normal, conditions are ideal, for the moment.

"With the markets moving, if you are in a private market you are not participating in the gains," Kathleen Smith, co-founder of Renaissance Capital, which provides research on IPOs and runs the Renaissance Capital IPO ETF (IPO). "There is tons of money that has been invested in companies to keep them private and avoid the vagaries of the public market. Now that the market is starting to move, they may be shamed into getting into the S&P 500."

2) A reset in valuations? Deregulation and lower taxes, if enacted, are a strong argument in favor of higher valuations, not just for existing stocks but for potential IPOs. Remember, a major reason many companies have stayed private is that they fear their valuations will be reduced should they go public.

Any deregulation is a positive, especially for small companies. Heavy regulations hurt small companies the most.

Lower tax rates could also be a major plus. Most IPOs tend to be small and midcap companies that pay the full marginal rates, so any reduction (Trump has proposed lowering corporate tax rates from 35 percent to 15 percent) will have a big impact on them.

3) Higher interest rates tough for private funding? Higher rates are a potentially double-edged sword. Generally, higher rates tend to hurt smaller companies. Also, when company's value is based on future cash flow, it will be less valuable today. So it will hurt companies valued on future cash flow.

But there's a counter argument that could be made. Higher rates will make it more difficult for private companies (venture capital) to borrow money and invest in startups. Cheap, easy money is one of the main reasons that so many companies have elected to stay private. To the extent the cheap money goes away, it removes a major source of funding and may force companies to go public.

All this sounds positive, but let's see if the IPO calendar expands. Right now the calendar is very light.

And there's still plenty of things that could go wrong. Naeem Aslam, chief market analyst at ThinkMarkets, a European brokerage firm, told me that IPOs would likely suffer should a trade war break out.

"U.S.-centric IPOs may still come out, but international investors will not have any interest in U.S. IPOs should a trade war emerge, particularly between the U.S. and China," Aslam told me.

Which brings us back to a very U.S.-centric deal: pot and Innovative Industrial Properties. How big a deal is it that California and Massachusetts legalized pot? A very big deal. Other smaller publicly traded cannabis companies have all been flying since the election.

This company is the first cannabis company listing on the NYSE.

The people behind the company are respected people in the REIT business. Chairman Alan Gold was CEO of BioMed Realty Trust, which has a long track record of providing office and research space to the healthcare community (Blackstone acquired it for $8 billion in October 2015).

Remember something: banks aren't allowed to lend due to federal rules against marijuana. This is a way for pot companies to raise capital.

Talk about going public at the right time!

http://www.cnbc.com/2016/11/16/heres-one-more-industry-that-can-benefit-from-the-trump-trade.html

A marijuana IPO, interesting