IPO Industry Breakdown
IPO Industry Breakdown (Last 12 Months)
| Industry |
Number of Deals |
Total Proceeds |
Average First Day Return |
Average Total Return |
|
|
Technology
|
19
|
$4.2 bil
|
12.2%
|
26 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 03/10/10 |
Sensata Technologies |
ST |
$568.8 mm |
0.8% |
| Texas Instruments' former sensors and controls business acquired by Bain Capital. |
| 2/10/10 |
QuinStreet |
QNST |
$150.0 mm |
3.4% |
| Provides online lead generation to the education and financial services verticals. |
| 01/28/10 |
China Electric Motor |
CELM |
$22.5 mm |
33.3% |
| Produces micro-motor products for household appliances, vehicles and other consumer devices. |
| 11/19/09 |
Archipelago Learning |
ARCL |
$103.1 mm |
2.8% |
| Provides a subscription-based online education platform for students K-12. |
| 11/19/09 |
Global Defense Technology & Systems |
GTEC |
$59.8 mm |
12.5% |
| Provides IT and engineering services to US defense and intelligence agencies. |
| 11/17/09 |
Fortinet |
FTNT |
$156.3 mm |
30.7% |
| Provides network security appliances to enterprises and service providers. |
| 11/04/09 |
Ancestry.com |
ACOM |
$100.0 mm |
30.4% |
| Operates a subscription-based online community for researching family histories. |
| 10/19/09 |
ZST Digital Networks |
ZSTN |
$25.0 mm |
24.0% |
| Reverse-merger listing of a Chinese TV set-top box provider. |
| 09/24/09 |
Shanda Games Limited |
GAME |
$1,043.8 mm |
-46.0% |
| Spin-off of Shanda Interactive's online games business. |
| 8/11/09 |
Emdeon |
EM |
$367.4 mm |
6.5% |
| A leading healthcare claims and payment processing network. |
| 08/05/09 |
Avago Technologies |
AVGO |
$648.0 mm |
31.0% |
| KKR/Silver Lake backed LBO of Hewlett Packard's former analog semiconductor business. |
| 8/5/09 |
CDC Software |
CDCS |
$57.6 mm |
-3.1% |
| A carve out of CDC (Chinadotcom) Corporation's enterprise software business. |
| 06/30/09 |
LogMeIn |
LOGM |
$106.7 mm |
24.9% |
| Provides on-demand remote connectivity software for IT support. |
| 6/24/09 |
Medidata Solutions |
MDSO |
$88.2 mm |
9.4% |
| Provides an on-demand platform for capturing and managing clinical trial data. |
| 05/20/09 |
OpenTable |
OPEN |
$60.0 mm |
84.4% |
| Provides an online reservation management platform for restaurants. |
| 5/19/09 |
SolarWinds |
SWI |
$151.5 mm |
69.8% |
| A leading provider of enterprise-class network management software. |
| 05/13/09 |
DigitalGlobe |
DGI |
$279.3 mm |
31.6% |
| Provides high resolution satellite imagery for defense and commercial applications. |
| 4/15/09 |
Rosetta Stone |
RST |
$112.5 mm |
44.3% |
| A leading provider of language learning software. |
| 04/01/09 |
Changyou.com |
CYOU |
$120.0 mm |
99.8% |
| A leading online game developer and operator in China. |
|
|
|
Financial
|
16
|
$8.2 bil
|
-0.4%
|
3 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 02/09/10 |
Piedmont Office Realty Trust |
PDM |
$174.0 mm |
21.7% |
| REIT that owns 73 office buildings in major US cities. |
| 2/9/10 |
Terreno Realty Corp. |
TRNO |
$175.0 mm |
-3.0% |
| Newly organized REIT targeting industrial real estate in six coastal U.S. markets. |
| 01/27/10 |
IFM Century 21 China |
CTC |
$87.4 mm |
9.6% |
| Provides real estate services and franchises the Century 21 brand in China. |
| 1/21/10 |
Chesapeake Lodging Trust |
CHSP |
$150.0 mm |
-1.4% |
| Specialty REIT planning to acquire upper upscale hotel properties. |
| 01/21/10 |
Symetra Financial |
SYA |
$364.8 mm |
7.8% |
| Provides group health, retirement, life and employee benefits insurance. |
| 12/8/09 |
Pebblebrook Hotel Trust |
PEB |
$350.0 mm |
5.9% |
| Newly formed REIT planning to acquire upper upscale hotels in large US cities. |
| 10/06/09 |
Banco Santander Brasil |
BSBR |
$4,024.9 mm |
-7.3% |
| The fourth-largest bank in Brazil, a spin-off of Spanish bank Santander. |
| 9/23/09 |
Apollo Commercial Real Estate Finance |
ARI |
$200.0 mm |
-9.4% |
| Apollo-backed REIT planning to invest in commercial real estate and CMBS. |
| 09/23/09 |
Artio Global Investors |
ART |
$650.0 mm |
-8.2% |
| A carve out of Julius Baer's US-based asset management business. |
| 9/23/09 |
Colony Financial |
CLNY |
$250.0 mm |
-0.8% |
| Colony Capital-backed REIT that will invest in commercial real estate debt. |
| 09/16/09 |
CreXus Investment Corp. |
CXS |
$200.0 mm |
-8.5% |
| Annaly-backed REIT planning to invest in commercial real estate debt. |
| 8/11/09 |
Starwood Property Trust |
STWD |
$810.0 mm |
-4.8% |
| REIT planning to opportunistically invest in commercial mortgage loans and real estate debt. |
| 07/29/09 |
PennyMac Mortgage Investment Trust |
PMT |
$320.0 mm |
-15.9% |
| Newly formed REIT that plans to buy, service and refinance distressed residential mortgages. |
| 6/25/09 |
Invesco Mortgage Capital |
IVR |
$170.0 mm |
18.7% |
| A REIT managed by Invesco Ltd. with a portfolio of Agency and non-Agency MBS. |
| 06/11/09 |
Cypress Sharpridge Investments |
CYS |
$100.1 mm |
19.0% |
| REIT that primarily invests in agency residential mortgage-backed securities. |
| 6/2/09 |
Government Properties Income Trust |
GOV |
$200.0 mm |
21.3% |
| REIT investing in properties primarily leased to government tenants. |
|
|
|
Health Care
|
12
|
$2.3 bil
|
-1.9%
|
-8 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 03/11/10 |
AVEO Pharmaceuticals |
AVEO |
$81.0 mm |
-0.1% |
| Developing a renal cell carcinoma drug similar to blockbuster Avastin. |
| 2/28/10 |
Anthera Pharmaceuticals |
ANTH |
$42.0 mm |
1.4% |
| Developing anti-inflammatory therapies for acute coronary syndrome and lupus. |
| 02/02/10 |
Ironwood Pharmaceuticals |
IRWD |
$187.5 mm |
14.8% |
| Developing a new treatment for irritable bowel syndrome and constipation. |
| 12/15/09 |
Team Health Holdings |
TMH |
$159.6 mm |
25.0% |
| Blackstone-backed provider of outsourced emergency room physician staffing. |
| 12/11/09 |
Concord Medical Services |
CCM |
$132.0 mm |
-22.0% |
| Leases radiotherapy and diagnostic imaging equipment to cancer centers in China. |
| 12/9/09 |
China Nuokang Bio-Pharma |
NKBP |
$45.0 mm |
-14.7% |
| Leading provider of blood-clotting medication in China. |
| 10/27/09 |
Addus HomeCare |
ADUS |
$54.0 mm |
-18.0% |
| Provides home-based personal care, skilled nursing and rehabilitative therapies. |
| 10/20/09 |
AGA Medical Holdings |
AGAM |
$199.4 mm |
-6.7% |
| Makes minimally invasive devices to treat heart defects and vascular diseases. |
| 10/07/09 |
Omeros |
OMER |
$68.2 mm |
-36.8% |
| Developing drugs for the treatment of surgery-related inflammation and pain. |
| 9/30/09 |
Talecris Biotherapeutics |
TLCR |
$950.0 mm |
11.9% |
| Former Bayer maker of plasma-derived protein therapies LBO'd by Cerberus. |
| 09/24/09 |
Select Medical Holdings |
SEM |
$300.0 mm |
-19.3% |
| A leading operator of specialty hospitals and outpatient rehabilitation clinics. |
| 8/10/09 |
Cumberland Pharmaceuticals |
CPIX |
$85.0 mm |
-32.4% |
| Sells specialty pharmaceuticals, including a new injectable treatment for pain/fever. |
|
|
|
Energy
|
8
|
$2.3 bil
|
6.2%
|
7 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 03/11/10 |
Crude Carriers |
CRU |
$256.5 mm |
-2.4% |
| Shipping company formed by Capital Maritime to acquire crude tankers. |
| 1/25/10 |
Andatee China Marine Fuel |
AMCF |
$19.7 mm |
22.7% |
| Produces and sells blended marine fuel oil for cargo and fishing vessels in China. |
| 01/24/10 |
China Hydroelectric |
CHC |
$88.8 mm |
-30.1% |
| Acquires and operates small hydropower plants in China. |
| 12/16/09 |
Crimson Exploration |
CXPO |
$100.0 mm |
-34.8% |
| Independent oil and gas E&P company in East and South Texas. |
| 12/15/09 |
Cobalt International Energy |
CIE |
$850.5 mm |
-1.9% |
| Oil E&P firm with deepwater prospects in the Gulf of Mexico and off West Africa. |
| 11/19/09 |
Cloud Peak Energy |
CLD |
$459.0 mm |
10.1% |
| Rio Tinto carve-out of the US's third largest coal producer. |
| 11/05/09 |
STR Holdings |
STRI |
$123.0 mm |
73.6% |
| Provides solar module encapsulants and quality assurance services. |
| 9/23/09 |
A123 Systems |
AONE |
$380.4 mm |
19.9% |
| Provides rechargeable lithium-ion batteries and battery systems. |
|
|
|
Business Services
|
7
|
$3.1 bil
|
10.0%
|
19 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 12/10/09 |
KAR Auction Services |
KAR |
$300.0 mm |
18.3% |
| Provides auction services for sellers of used and salvage vehicles. |
| 10/15/09 |
China Real Estate Information |
CRIC |
$216.0 mm |
-16.3% |
| E-House China spin-off of its real estate information and consulting business. |
| 10/07/09 |
Mistras Group |
MG |
$108.8 mm |
-12.3% |
| Provides non-disruptive infrastructure testing primarily to the energy market. |
| 10/6/09 |
Verisk Analytics |
VRSK |
$1,875.5 mm |
28.2% |
| Provides data, statistical models and tailored analytics for P&C insurance firms. |
| 10/01/09 |
Echo Global Logistics |
ECHO |
$79.8 mm |
-8.1% |
| Provides web-based shipping and freight management services. |
| 10/1/09 |
Education Management |
EDMC |
$360.0 mm |
27.3% |
| Provides campus-based and online postsecondary education programs. |
| 04/14/09 |
Bridgepoint Education |
BPI |
$141.8 mm |
98.5% |
| Provides online BA, MA and PhD degree programs. |
|
|
|
Consumer
|
7
|
$2.6 bil
|
9.4%
|
21 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 11/19/09 |
7 Days Group Holdings |
SVN |
$111.1 mm |
0.8% |
| The third largest economy hotel chain in China. |
| 11/12/09 |
Dollar General |
DG |
$716.1 mm |
19.7% |
| KKR-backed small-box discount retailer with 8,700 stores in 35 states. |
| 11/12/09 |
rue21 |
RUE |
$128.5 mm |
68.2% |
| A value-focused teen fashion retailer with over 500 stores in 43 states. |
| 11/4/09 |
Hyatt Hotels |
H |
$950.0 mm |
36.2% |
| Global upscale hotel operator and developer owned by the Pritzker family. |
| 10/27/09 |
Vitamin Shoppe |
VSI |
$154.6 mm |
25.9% |
| A leading specialty retailer and direct marketer of vitamins. |
| 10/22/09 |
Dole Food Company |
DOLE |
$446.4 mm |
-3.3% |
| Leading global branded fruit and vegetable company. |
| 09/23/09 |
Vitacost.com |
VITC |
$132.0 mm |
-2.1% |
| Online retailer of nutritional supplements and health and wellness products. |
|
|
|
Materials
|
6
|
$0.6 bil
|
5.0%
|
33 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 02/10/10 |
Graham Packaging |
GRM |
$166.7 mm |
11.5% |
| Leading supplier of plastic containers for food/beverage and other consumer products. |
| 1/21/10 |
Cellu Tissue Holdings |
CLU |
$107.9 mm |
-17.4% |
| A North American producer of private label tissue products. |
| 12/16/09 |
Kraton Performance Polymers |
KRA |
$139.0 mm |
20.4% |
| World's #1 producer of styrenic block copolymers backed by TPG/JPMorgan. |
| 9/4/09 |
Lihua International |
LIWA |
$9.2 mm |
135.0% |
| A leading China-based manufacturer of bimetallic wire. |
| 07/29/09 |
Globe Specialty Metals |
GSM |
$98.0 mm |
58.7% |
| A leading producer of silicon metal and silicon-based alloys. |
| 6/23/09 |
Chemspec International |
CPC |
$72.8 mm |
-13.1% |
| The largest manufacturer of fluorinated specialty chemicals in China. |
|
|
|
Capital Goods & Services
|
3
|
$0.4 bil
|
9.0%
|
30 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 02/10/10 |
Generac Holdings |
GNRC |
$243.8 mm |
8.8% |
| A private equity-backed manufacturer of standby generators. |
| 11/5/09 |
Duoyuan Printing |
DYP |
$54.9 mm |
14.9% |
| A leading manufacturer of offset printing equipment in China. |
| 06/23/09 |
Duoyuan Global Water |
DGW |
$88.0 mm |
66.3% |
| A leading China-based manufacturer of water treatment equipment. |
|
|
|
Transportation
|
2
|
$0.6 bil
|
-4.3%
|
-10 %
|
|
| IPO Date |
Company Name |
Ticker |
Deal Size |
Return |
| 03/09/10 |
Baltic Trading Limited |
BALT |
$228.2 mm |
1.3% |
| Formed by Genco Shipping to acquire a spot market focused drybulk fleet. |
| 10/12/09 |
RailAmerica |
RA |
$330.0 mm |
-22.0% |
| Fortress-backed owner/operator of short line freight railroads in North America. |
|
|