IPO stocks watch: Four U.S. companies successfully landed on the U.S. capital market, highlighting the signs of strong recovery of the U.S. IPO market.
This is the positive reaction of the U.S. IPO market since most of the IPO players had come to grief in the first half of this year. This also reflects that the market preference for high-growth business model, especially in the areas of consumer and technology.
This week, three out of the four companies sold their shares at a price above the previously announced offering price ranges and closed well above the IPO prices. Only a pharmaceutical company closed almost flat with its IPO price.
IPO stocks on Tursday:
U.S. speciality retailers Five below (FIVE) began to trade its shares on the NASDAQ at an IPO price of $17, on the top of its previously announced IPO price range of $15-$17. FIVE stock opened at $26.04, up 53.2% over the issuance price; as of the market close, the stock settled at $26.47, representing a robust gain of 55.71%.
U.S. pharmaceutical company Durata Therapeutics (DRTX) landed on the NASDAQ at an IPO price of $9, below the previously anticipated IPO price range of $11-$13; DRTX stock opened at $9.65 in the first trading day, up 7.2% compared with its IPO price. The stock finished at $9.04, flat with its IPO price.
IPO stocks on Friday:
U.S. travel search operator Kayak Software landed on the NASDAQ at an IPO price of $26, higher than the top of the previously announced IPO price range of $22-$25; The stock opened at $30.39, 16.9% above the issuance price. As of the closing bell, KYAK stock price went up by 27.62% to $33.18.
U.S. network security equipment manufacturer Palo Alto Networks (PANW) went public on the NYSE at an IPO price of $42 per share, much higher than the previously estimated IPO price range of $34-$37. PANW stock opened at $55.25, an increase of 31.5% than the issuance; the stock finally closed at 53.13%, a surge of 26.50%.
IPO stocks to watch next week:
Next week, eight companies are expected to go public. Find more IPOs, please go to IPO calendars.
Among these upcoming IPOs, Mexican restaurant chain Chuy’s Holdings, natural and organic grocery operator Natural Grocers and enterprise software provider E2open are paid much attention to by the investors.