IPO Boom is Back

Initial Public Offerings (IPOs) are making a comeback after a three-month drought due to the volatile stock market. This has been one of the busiest spurts of this year in terms of IPOs as seven companies including Angie’s List (NASDAQ:ANGI), Delphi Automotive PLC (DLPH), and Mattress Firm Holding Corp. (MFRM) made their debuts. This is great news for exchange operators Nasdaq (NASDAQ:NDAQ) and NYSE Euronext (NYSE:NYX) following a very long drought.

The New York Times quoted University of Florida Finance Professor and IPO Expert Jay Ritter who said, “IPOs have recovered from their summer doldrums. Good companies can go public again.” While one might think this flurry of IPOs would instill confidence in investors and lead to market growth, so far that hasn’t been the case. Ritter believes that IPOs are a very small factor in market performance, citing the boom in the late 1990s when IPOs raised less than 1% of the total value of publicly traded U.S. companies.

There is still a significant backlog of companies looking to become publicly traded. Dealogic, a research firm, estimates that there are 179 companies in a holding pattern as they wait for the right time for an IPO. The companies hope to raise $30 billion in stock sales, which is as much as IPOs raised in the last six months of 2007 when the market was booming. Despite the lackluster market performance, this year is still looking to be the best in a decade in terms of IPOs. Other notable IPOs this year have included Zipcar (NASDAQ:ZIP), LinkedIn (NYSE:LNKD), Pandora Media (NYSE:P), Zillow (NASDAQ:Z), and most recently Groupon (NASDAQ:GRPN), with Toys R Us, Yelp and game creator Zynga having already filed regulatory paperwork for their offerings.

Here’s how some of these IPO stocks are trading now:

  • Angie’s List (NASDAQ:ANGI): ANGI shares recently traded at $13.50, down $1.27, or 8.6%. Its market capitalization is $662.96 million. They have traded in a 52-week range of $13.50 to $18.75. Volume today was 47,384 shares versus a 3-month average volume of 1,640,660 shares. The company’s trailing earnings are $-0.88 per share. About the company: Angie’s List Inc. provides internet information and content. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Get the most recent company news and stock data here >>
  • Groupon, Inc. (NASDAQ:GRPN): GRPN shares recently traded at $16.94, down $0.02, or 0.12%. Its market capitalization is $10.80 billion. They have traded in a 52-week range of $16.71 to $31.14. Volume today was 619,089 shares versus a 3-month average volume of 6,798,180 shares. The company’s trailing earnings are $-2.17 per share. About the company: Groupon advertises a daily deal, typically a half-off coupon for anything from a local restaurant or retail store to a hotel or spa; if enough consumers buy the coupon online by midnight, the deal is on and the featured business can achieve a nice chunk in sales. Get the most recent company news and stock data here >>
  • Zipcar, Inc. (NASDAQ:ZIP): ZIP shares recently traded at $17.09, up $0.09, or 0.53%. Its market capitalization is $. They have traded in a 52-week range of $16.50 to $31.50. Volume today was 12,635 shares versus a 3-month average volume of 357,355 shares. About the company: Zipcar, Inc. offers car sharing services. The Company provides self-service vehicles in reserved parking spaces convenient to where their members live and work. Members can reserve cars by the hour or day for rates that include fuel, insurance and other costs. Zipcar operates in certain metropolitan areas and college campuses in the United States, the United Kingdom and Canada. Get the most recent company news and stock data here >>
  • Linkedin Corp. (NYSE:LNKD): LNKD shares recently traded at $64.01, down $1.99, or 3.02%. Its market capitalization is $6.17 billion. They have traded in a 52-week range of $60.14 to $122.70. Volume today was 189,361 shares versus a 3-month average volume of 1,057,000 shares. The company’s trailing P/E is 876.85, while trailing earnings are $0.07 per share. About the company: LinkedIn Corporation operates a social networking website used for professional networking. The Company’s website allows members to post a profile of their professional expertise and accomplishments. LinkedIn allows members to be introduced to potential clients, service providers, and subject experts. Get the most recent company news and stock data here >>
  • Pandora Media Inc. (NYSE:P): P shares recently traded at $10.90, up $0.39, or 3.71%. Its market capitalization is $1.76 billion. They have traded in a 52-week range of $9.33 to $26.00. Volume today was 172,528 shares versus a 3-month average volume of 785,825 shares. The company’s trailing earnings are $-0.59 per share. About the company: Pandora is an internet radio station generating playlists based on a user’s favorite artist or song. Pandora’s service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000. Get the most recent company news and stock data here >>
  • Zillow Inc. (NASDAQ:Z): Z shares recently traded at $23.09, up $0.28, or 1.23%. Its market capitalization is $636.36 million. They have traded in a 52-week range of $22.55 to $60.00. Volume today was 3,630 shares versus a 3-month average volume of 160,663 shares. The company’s trailing earnings are $-0.01 per share. About the company: Zillow is a home and real estate marketplace dedicated to helping homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords and property managers find and share vital information about homes, real estate and mortgages. We are transforming the way consumers make home-related decisions and connect with real estate professionals. Get the most recent company news and stock data here >>