The Exciting Week For IPOs Could Help IPO ETFs

Posted on May 14, 2015 by admin

The brokerdealer.com blog update has been profiling hot IPOs over the past few weeks as the US market has been on fire with IPOs after poor IPO performance at the beginning of the year. Some market experts believe that the week of IPOs that are still to come will help boost IPO ETFs like the Renaissance IPO ETF (IPO) and First Trust US IPO Index Fund (FPX). This brokerdealer.com blog update is courtesy of Zacks Equity Research article, “A Flurry of IPOs Might Lift IPO ETF“

The U.S. IPO space, which was subdued at the start of 2015, looks to be on fire this week. As per Renaissance Capital, as many as 14 companies are slated to go public this week. This makes the week starting from May 4 the ‘busiest week’ of 2015 so far, per 247wallst.com.

Investors should note that after a massive run last year, the IPO market cooled down considerably in the first quarter of 2015. Per Renaissance, 34 IPOs raised $5.4 billion in capital, making Q1 of 2015 the most inactive per IPO tally since 1Q of 2013. Also, the proceeds from

IPO were the least since 3Q of 2011. Only, the health care sector managed to tread water in the gloomy U.S. IPO market.
Rising rate worries, a strong greenback and later a moderation in U.S. growth have probably raised concerns over the space. However, with the Fed repeatedly hinting at a delayed rate hike, the space has now bucked up.

Renaissance Capital’s IPO schedule indicated that the following companies are making a public market debut this week. These are Tallgrass Energy GP LP, Adaptimmune Therapeutics, International Market Centers, Commercial Credit, Bojangles, Collegium Pharmaceutical, aTyr Pharma, CoLucid Pharmaceuticals, Klox Technologies, MultiVir, Gelesis, Anterios, HTG Molecular Diagnostics and OpGen.

To get in on any of these IPOs that are about to launch find a brokerdealer here.

To continue reading about upcoming IPOs and the effective they will have an IPO ETFs, click here.

Mindbody IPO Continues In Recent Fitness Trend

Posted on May 12, 2015May 12, 2015 by admin

On the tail of FitBit’s IPO filing last week, brokerdealer.com blog update profiles fitness software company, Mindbody, filing for its own IPO, on Monday, May 11, 2015. Mindbody is a cloud-based software provider in the health, wellness and beauty industries. Their software is most commonly used in fitness-centered businesses such as gyms and yoga studios. Mindbody’s initial primary focus was on business management software for wellness and fitness boutiques, when it was founded in 1998, and since then they have expanded to spas and beauty salons as well. The way the business works is businesses, such as gyms, spas, and yoga studios, pay a monthly fee to use the software. Mindbody currently serves more than 42,000 local business subscribers in 124 countries and territories.

The Mindbody IPO will be listed under the symbol MB, but has not selected an exchange yet. Morgan Stanley, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.

This update is courtesy of the Pacific Coast Business Times’ article by Elijah Brumback, “Mindbody targets global expansion with IPO“. An excerpt of the article is below.

Mindbody, best known for its business management software for health and wellness companies, is going public with a target of raising $100 million.

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

An IPO has long been expected for the growing company, which recently debuted its new headquarters complex located on Tank Farm Road near the SLO airport. The company counts 42,000 local business subscribers in 124 countries, with revenues of $70 million in 2014.

Company CEO Rick Stollmeyer, who owns just over 11.2 percent of the firm, told the Business Times going public will help push the software firm’s global expansion.

“Our mission is to help wellness-based businesses be more successful,” he said. “This [IPO] enables us to do even more of that.”

After years of development, Mindbody rolled out a major corporate wellness platform last year and raised almost $100 million in venture capital to become San Luis Obispo County’s 11th-largest employer and fourth-largest private-sector job creator with about 900 employees on the Central Coast. The company’s headcount is expected to grow to roughly 1,100 in the next several years.

To continue reading about Mindbody’s IPO filing, click here.

Brombardier’s IPO Hope To Demonstrate Company’s Real Value

Posted on May 7, 2015 by admin

Brokerdealer.com blog update profiling Brombardier’s plan to launch an IPO for its train unit. Bombardier is a Canadian multinational aerospace and transportation company, founded by Joseph-Armand Bombardier. This will push the company into an even better finacial postion after it raised $3 billion earlier this year. They also hope by launching this IPO they can demonstrate the strength the rail unit has after its valuation suffered from being paired with the struggling aerospace division. This update is courtesy of the Wall Street Journal’s article, “Bombardier Plans IPO for Transportation Unit” by Ben Dummett, with an excerpt from the article below.

Bombardier Inc. said Thursday it was preparing to spin off a minority stake in its train business, a move that would create another big publicly traded train maker in Europe while helping the Canadian company to shore up its balance sheet as it continues to work on bringing its troubled CSeries jet to market.

The planned initial public offering of Bombardier Transportation marks Chief Executive Alain Bellemare’s first strategic move since Bombardier tapped the former United Technologies Corp. executive in February to help revive its fortunes. Bombardier has bet much of its future growth on its new CSeries commercial jet, but costly delays have delayed the aircraft’s launch, prompting the management shakeup and a strategic review of operations to generate efficiencies.

Family-controlled Bombardier plans to sell a minority stake in Bombardier Transportation in an IPO in the fourth quarter, and list the shares in Germany where the business is based. The business would compete for investor attention with two other listed train makers in Europe: Germany’s Siemens AG and France’s Alstom S.A.

The sale will enable Montreal-based Bombardier, meanwhile, to further bolster its financial position after it raised about $3 billion earlier this year from an issue of new debt and equity. An IPO would also, the company hopes, demonstrate the rail unit’s real value. The business’s valuation has suffered because it is paired with the struggling aerospace division.

To continue reading about this IPO, which will be launched in Germany, click here.

On The Menu This Week: Bojangles IPO Launches On Friday

Posted on May 5, 2015 by admin

About a month ago, Brokerdealer.com’s blog update covered the southern comfort fast food chain based out of North Carolina, Bojangles, announcement that it would be going public with an IPO after 38 years. On Friday, May 8,2015, Bojangles will officially launch its IPO under the ticker BOJA on the NASDAQ. There are several other IPOs coming out on the menu this week ranging in a wide variety of industries, but Bojangles has set itself apart from the rest.

To learn what sets Bojangles apart from the rest continue reading below and then contact a brokerdealer to invest in this hot new IPO yourself.

This brokerdealer.com blog update is courtesy of Benzinga’s article, “IPO Outlook: Down-Home Cookin’, Fast-Casual Bojangles’ Sizzles Investors“, with an excerpt below.

To say it’s a jam-packed week for the IPO market is an understatement. With twelve IPOs scheduled – ranging from biotechs, REITs, MLPs and a hot restaurant – investors have quite a menu to choose from.

Southeastern restaurant chain Bojangles’ Restaurants, Inc. (NASDAQ: BOJA) plans to raise $122 million through 6.3 million shares expecting to price between $15 and $17 on Friday.

Bojangles’ will trade on the NASDAQ under the ticker BOJA.

It’s Bo Time

Charlotte, North Carolina-based Bojangles’ joins the other fast-casual restaurants that recently tapped the public markets due to both consumer and investor strong enthusiasm.

The company started in 1977 with a menu centered on “chicken ‘n biscuits” and since has remained relatively unchanged. To put it in context, Bojangles’s is the chicken joint to the Southern realm eateries what Shake Shack Inc SHAK 1.52% is to the burger space in metropolitan areas.

What Makes The ‘Bo Difference’

The company has what it calls the “Bo Difference,” allowing it to grow profits and create a loyal customer base. Its self-described high quality, tasty Southern food is characterized by breakfast biscuits, never frozen bone-in fried chicken, dirty rice, sandwiches, wraps, unique fixin’s, legendary iced tea and its Bo Smart menu.

Bojangles’ five meal offerings include breakfast, lunch, snack, dinner and after dinner. Its decision to serve breakfast all day, every day, gives it an edge over its competitors that typically serve breakfast for a limited time or start service with lunch. This edge has paid off as Bojangles’ says in its S-1 that it generates 38 percent of its revenue from 11 a.m. to closing (typically 11 p.m.), or $650,000 on average just from breakfast alone.

To continue reading about this sizzling southern IPO, click here.

Australia’s IPO Listing Is Complete Opposite From One Year Ago

Posted on May 4, 2015 by admin

Brokerdealer.com blog update profiles the low number of IPOs Australia has produced. After a record setting year in 2014, Australia’s list of IPOs has dropped dramatically. An article from DNA India’s titled “After record IPO year, Australian listings shrink to almost nothing“, highlights several possibilities as to why the drop in IPOs could be. An excerpt from the article is below.

Australian IPOs have virtually dried up after a record year, taking their cue from a subdued stock market as investors fret about the country’s commodities bust and China’s weakening economy.

After an unprecedented $15 billion of initial public offerings last year, companies raised $327 million in January-to-March, Thomson Reuters data shows. That’s down 96% from a year earlier and a fraction of the $7.5 billion
in the previous quarter. The drop-off reflects the skittish mood in Australian equities. While the market bounced 7% in January following a weak 2014 finish, it has since failed to make headway as investors shrug off record low
interest rates and watch the all-important iron ore price sink.

The average size of an IPO in the March quarter was $30 million, down from $270 million in the December quarter and $100 million a year earlier. Last year, many private equity firms offloaded assets they had held since the aftermath of the global financial crisis. This year has been marked by just one big listing and a spate of tiny IPOs by small companies. “We’ve had a very long bull market since the bottom in ’08, and we find it hard to find value,” said Geoff Wilson, chairman of Wilson Asset Management, which bought shares in Monday’s market debutant MYOB.

To continue reading about the fall in Australian IPOs, click here.