 Q3 IPO Snapshot : Resurgence of Quality IPOs?Continuing with some influence by the JOBS act, 3Q 2012, the most active in 5 years, brings a resurgence of quality companies coming public, and priced well.
By: Triad Securities Oct. 27, 2012 - PRLog -- Could it be that 3Q 2012 brought the resurgence of quality companies coming public and being priced properly? If you look at the IPO and Secondary activity for the quarter the answer would be yes.
Out of 28 IPOs, 4 priced above the range, 13 priced below the range and 11 priced in the range. Even the worst performing IPOs from the first day opening are currently trading at a premium to pricing. Manchester United (MANU) is the only IPO brought in the 3rd quarter that is still trading below issue price. Continuing with 2Q 2012’s trend of Emerging Growth Companies (JOBS ACT) 3Q 2012 had 5 filings in the month of September. 3Q 2012 was the most active since 2007. Compared to 3Q 2011 with 22 deals, we saw 28 deals up 14%. Deutsche Bank was first in the running for total US IPO volume with 12 deals totaling 862 million dollars, followed by Bank of America with 10 deals totaling 729 million dollars, and Credit Suisse Securities with 10 deals totaling 668 million dollars. Bank of America Merrill Lynch was first in the running for total secondary volume with 7 deals totaling 7.1 billion dollars, followed by Citi with 5 deals totaling 7.1 billion dollars, and Barclays with 3 deals totaling 5.3 billion dollars. There were 154 follow- on offerings in 3Q 2012 totaling $64.2 billion dollars. More than one third of that was due to the AIG follow- ons that came in August and September totaling $26.1 billion dollars. The September deal was 20.7 billion dollars, making it the largest secondary on record. Globally, in the 3rd quarter we had some of the largest IPOs brought to market. Dually listing in the US and Mexico, Groupo Financiero Santander Mexico SAB de CV brought 235 million shares totaling 4.1 billion dollars. Japan Airlines Co Ltd brought 175 million shares totaling 8.5 billion US dollars. View more details of our latest snapshot at: http://www.triadsecurities.com/ Triad also maintains a New Issue 90-day Window, with current IPO pricing and performance: Triad Securities Corp’s customers subscribe to its leading IPO report service, execute through its full service execution desk or electronic execution system, and take advantage of its prime brokerage services Triad also arranges office space for trading groups and hedge funds. Disclaimer: Triad Securities has not contributed to, written, authorized, sponsored, or endorsed any of the news items, or any of the policies, activities, products, or services offered on the external sites or by any advertiser on the external sites. All news articles are from external and unaffiliated media outlets. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Triad Securities Corp. (www.triadsecurities.com) CONTACT: Brett Markowitz, Vice President Sales, +1-212-349-0871, +1-800-221-8440 End
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