IPOs, Initial Public Offerings: pre & post IPO

May 7 Archived IPO calendar

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IPO Calendar

Manager

Shrs

Price Range

Est.

Exptd

Summary

Week of May 7, 2012

($mm)

12 IPO scheduled
FINANCIAL
Customers Bancorp (CUBI) Macquarie Capital/ Keefe, Bruyette & Woods

7.1

$13.00

$15.00

$100

Withdrawn

Buy, C+, 7 regional bank, good mgt, priced at book

Community Choice Financial (CCFI) Credit; Jefferies; Stephens

10.7

$13.00

$15.00

$149

Postponed

Avoid C+, 7 net income declined in ’11

WageWorks (WAGE) William Blair; Stifel Nicolaus

6.5

$10.00

$12.00

$72

Thurs

Avoid C+, 7: 34x P/E seems reasonable

Western Asset Mortgage Capital (WMC) Deutsche; J.P. Morgan; Citigroup; Jefferies

8.0

$20.00

$20.00

$160

Thurs

Avoid C, 6 just an income stream for Legg Mason

NOT U.S. Based
Edwards Group (EVAC) Jefferies; Morgan; Citigroup

12.5

$11.00

$13.00

$150

Friday

Avoid, C+, 7 sequential declines in Sept & Dec ’11 quarters

Loyalty Alliance Enterprise (LAEC) Macquarie; Needham

5.1

$12.00

$14.00

$66

Fri

Avoid, C+, 7 China, customer concentration

TIM W.E. SGPS, S.A. (TMWE) Credit; Citigroup

13.7

$5.00

$6.00

$75

Day-to-day

Avoid C+, 7 Google & Apple expected to compete

OTHER
Audience (ADNC) J.P. Morgan; Credit; Deutsche

5.3

$14.00

$16.00

$79

Thurs

C+, 7 read report, could be a good speculation

Mobile voice enhancement
Ignite Restaurant Group (IRG) Credit Suisse/ Bair/ Piper Jaffray

5.8

$12.00

$14.00

$75

Fri

C+, 7 priced at high end of comparables but sector is desirable, see report

Specialty Restaurant
LINC Logistics (LLGX) Citigroup; Stifel Nicolaus

11.3

$14.00

$16.00

$170

Fri

Avoid, C+, 7 read report

Logistics
New Source Energy (NSE) BMO; KeyBanc

9.1

$10.00

$12.00

$100

Thurs

Avoid, C+, 7 Focused on gas, seems high priced

Gas exploration & production
Rib-X Pharmaceuticals (RIBX) Deutsche

5.8

new terms

10

$12.00

.

$6.00

$14.00

.

$7.00

$75

.

$65

Postponed

Avoid, C, 5, lost $39mm in ’11

Pharma

Week of May 14, 2012

Facebook (FB) Morgan/J.P. Morgan/Goldman

337.4

$28.00

$35.00

$10,629

Fri

Buy & sell asap

 

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