Friday, May 27, 2011

2011-05-26: SZYM, Solazyme

Remark
.

IPO Date & Price
Symbol: SZYM, Solazyme
IPO date: 2011-05-26
Offer price/share: $18 x 11M = $198M

Underwriters
Joint Book Runner: Morgan Stanley, Goldman, Sachs & Co.
Co Manager: Jefferies & Co., Pacific Crest, Lazard Capital Markets

Business
Sector: Basic Materials
Industry: Chemicals - Major Diversified
Full Time Employees: 116
Founded: 2003

Transforms plant-based sugars into petroleum-based chemicals and fuels.

Solazyme, Inc. engages in the production of renewable oil. Its proprietary technology transforms a range of plant-based sugars into oils. The company’s industrial biotechnology platform harnesses the prolific oil-producing capability of microalgae. Solazyme utilizes industrial fermentation equipment to scale and accelerate microalgae’s natural oil production time to a few days. The company’s biotechnology platform also helps in the production of bioproducts, which are made from the protein, fiber, and other compounds produced by microalgae. It intends to refine and sell renewable oil as drop-in replacements for marine, motor vehicle, and jet fuels, as well as replacements for chemicals that are traditionally derived from petroleum or other conventional oils. Solazyme also develops microalgae-based food ingredients, including oils and powders that enhance the nutritional profile and functionality of food products; and a portfolio of microalgae-based products comprising Alguronic Acid, which would be formulated into a range of skin care products with significant anti-aging benefits and algal oils as replacements for the essential oils currently used in skin and personal care products. The company was founded in 2003 and is headquartered in South San Francisco, California

Yahoo: http://finance.yahoo.com/q/pr?s=SZYM

Thursday, May 26, 2011

Great article from seeking alpha

from: http://seekingalpha.com/article/271198-profiting-from-a-market-downturn-a-primer-on-short-selling



UltraShort ETFs


  • ProShares UltraShort S&P 500 (SDS)
  • Direxion Daily Small Cap Bear 3X Shares (TZA)
  • ProShares UltraShort Silver (ZSL)
  • ProShares UltraShort 20+ Year Treasury (TBT)
  • Direxion Daily Financial Bear 3X Shares (FAZ)
  • ProShares UltraShort QQQ (QID)
  • ProShares UltraShort Russell 2000 (TWM)
  • ProShares Short S&P 500 (SH)
  • ProShares UltraShort Dow 30 (DXD)
  • Direxion Daily Energy Bear 3X Shares (ERY)
  • ProShares UltraShort Financials (SKF)
  • ProShares UltraShort DJ-UBS Crude Oil (SCO)
  • Direxion Daily Emerging Mkts Bear 3X Shares (EDZ)
  • ProShares UltraShort Real Estate (SRS)
  • ProShares UltraShort Euro (EUO)
  • ProShares UltraShort Yen (YCS)
  • ProShares UltraShort Oil & Gas (DUG)
  • ProShares UltraShort Basic Materials (SMN)
  • ProShares UltraShort MSCI Emerging Mkts (EEV)
  • Direxion Daily Technology Bear 3X Shares (TYP)
  • ProShares UltraShort FTSE China 25 (FXP)

Wednesday, May 25, 2011

2011-05-25: LPR, Lone Pine Resources

Remark
.

IPO Date & Price
Symbol: LPR, Lone Pine Resources
IPO date: 2011-05-25
Offer price/share: $13 x 15M = $195M

Underwriters
Joint Book Runner: J.P. Morgan, Credit Suisse, TD Securities
Co Manager: BMO Capital Markets, Scotia Capital, Wells Fargo Securities, CIBC World Markets, RBC Capital Markets, BNP Paribas

Business
Sector: ?
Industry: ?
Full Time Employees: 56
Founded: 1916

Carve-out of Forest Oil's Canadian E&P operations.

?

Yahoo: http://finance.yahoo.com/q/pr?s=LPR

Tuesday, May 24, 2011

2011-05-24: ACTV, The Active Network

Remark
.

2011-05-24: ACTV, The Active Network

IPO Date & Price
Symbol: ACTV, The Active Network
IPO date: 2011-05-24
Offer price/share: $15 x 11M = $165M

Underwriters
Joint Book Runner: BofA Merrill Lynch, Citi
Co Manager: Allen & Company, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity, WR Hambrecht

Business
Sector: Technology
Industry: ?
Full Time Employees: 2,411
Founded: 1998

Provides an online registration platform for sporting events and outdoor activities

The Active Network, Inc., an online community, offers application services technology and marketing access to community service and participatory sports organizations. The company also offers programs, facility, golf course, membership, and revenue management software solutions for parks and recreation, education, and municipal golf courses; Web site content management software solutions; and cashiering and payment, citizen service request, and crisis communication software solutions for government. The company also provides golf course management software, online tee time reservations, and event management services for public, private, municipal golf courses, and multi-course facilities; database management, online registration, online donation, customized Web sites, and technology integration for sports teams, leagues, events, camps, tournaments, scout councils, and reunions; online technology solutions for donation and fundraising campaign management to non-profit organizations; integrated marketing, consumer promotions, and sponsorship program development and management for consumer brands; and marketing partnership programs and management for government, parks and recreation, and education markets. In addition, it provides direct marketing, Web site development, marketing materials, loyalty marketing programs, and online media services for parks and recreation, education, non-profit, government, golf, sports, scout council, and reunion agencies. Further, the company contracts with government agencies to design, host, and operate park reservation services. It serves its clients in New York, New York; Toronto, Canada; Dallas, Texas; and Phoenix, Arizona. The company has strategic alliance with DigitalTown Inc. The company was formerly known as Active.com and changed its name to The Active Network, Inc. in 2001. The Active Network, Inc. was founded in 1998 and is based in San Diego, California with additional offices in Burnaby, Canada; and Sacramento, California.

Yahoo: http://finance.yahoo.com/q/pr?s=ACTV

Monday, May 23, 2011

2011-05-23: YNDX, Yandex N.V.

Remark
. Featured in IPO Home

IPO Date & Price
Symbol: YNDX, Yandex N.V.
IPO Date: 2011-05-23
Offer price/share: $25 x 52.2M = $1305M

Underwriters
Joint Book Runner: Morgan Stanley, Deutsche Bank Securities, Goldman, Sachs & Co.
Co Manager: Piper Jaffray, Pacific Crest

Business
Sector: Technology
Industry: Internet Information Providers
Full Time Employees: 2,677
Founded: 2000

Russia's leading online search engine

Yandex N.V. operates an Internet search engine in Russia. It offers access to a range of information available online; email and personalized services, including email, photo, Website, and blog-hosting services; maps and location-based services comprising map service, road traffic congestion monitoring, maps of metro systems, panoramic photo images of streets and towns, and user-generated map services; and downloadable applications and services for mobile and digital platforms and devices. The company also provides desktop applications consisting of specialized toolbar for Web browsers, Russian-to-English and English-to-Russian keyboard layout switcher, online notification service, and customized browser versions; and server applications for indexing and searching files in various formats, as well as an anti-spam technology designed for corporate users and Internet service providers. In addition, it offers specialized search services, such as news aggregation and information services, price comparison services, image and video search services, directory of Websites, weather reporting services, music streaming services, a reference and multi-language translation tool with spellchecker, a TV program guide, blog search tools, tour planning services, job and property search services, and a search service allowing users to access aggregate classified ads and other information, including user reviews for new and used cars, as well as service for searching for theatrical events. Further, the company provides other specialized search services comprising a financial products service that allows users to search for and compare various financial products and services; a service, which aids users in comparing bank deposit interest rates, credit products, car loans, and mortgages; and a demo version of the Uniform State Exam, the Russian equivalent of the SAT college admission test. Yandex N.V. was incorporated in 2004 and is headquartered in Moscow, the Russian Federation.

Yahoo: http://finance.yahoo.com/q/pr?s=YNDX

The Stock Bandit's IPO strategy

Source http://www.thestockbandit.net/2006/10/18/ipo-trading/


Earlier this week in the Free Newsletter (sign up in the sidebar at TheStockBandit.com) we discussed trading IPO’s, but let’s go a little deeper.
IPO’s are making a comeback these days in the market. With the indexes climbing steadily higher, new issues are garnering attention as sexy trading vehicles once again. Back in the day, trading IPO’s was a wild ride which everyone wanted in on. The trading world was fully aware of what was due to begin trading on a given day, and you were sure to find some heavy action in those stocks once they opened and for the first few days of trading.
Times have changed, and so have the ways which IPO’s are being traded. It’s a given that today’s IPO’s are a far cry from those of 1999 and early 2000, so naturally that means they require different trading methods.
I’m a big proponent of monitoring the “personality” of stocks before I trade them. How else can you set your expectations for how a stock will move, where to place your stops, and how aggressively to trade them?
There are still some great moves out there taking place in IPO’s, but generally I’m finding the best moves are secondary rather than the primary (or initial) move.
The way we trade IPO’s at TheStockBandit.com is to let them make their initial moves, settle down a bit, and get set up for a secondary move. I like to see IPO’s trade for a few days so that I can get a feel for how they’re moving and what kind of volume they have (what is the overall interest in this stock?) and then take them for a trade on a secondary move.
Many IPO’s will have some initial excitement and then begin to consolidate. Volume falls off and the stock moves horizontally, creating a base from which a secondary move can launch. The majority of the time these bases come in the form of a bull flag pattern, a cup and handle pattern or a bullish ascending triangle, and that makes it very clear what the pivot point should be for getting long. Let’s look at a few examples of IPO’s which fit the description.
CVLTCVLT (Click image for full size.)
RVBDRVBD (Click image for full size.)
HBIHBI (Click image for full size.)
DIVXDIVX (Click image for full size.)
BAREBARE (Click image for full size.)
There are a ton of ways to profit in the market, and swing trading IPO’s as they emerge from traditional chart patterns is one of them. We trade some of these at TheStockBandit.com, and even if you’re on the free trial I’ll show you what I’m seeing in the charts and outline my trade parameters along the way. If they fail, my bail out will be close by thanks to the pattern, so it’s no big deal. And if they work, well it’s blue sky above and there’s no telling how far they might run!
Jeff White
President, The Stock Bandit, Inc.

StockBee's IPO strategy.

Source: http://stockbee.blogspot.com/2007/07/how-to-trade-ipos.html

25% of the stocks in Double Trouble universe have IPOed in last 2 years. Trading IPO's can be profitable for variety of reason. As the universe of stocks to watch in IPO is small, it is easier to catch such IPO's. There are 3 traders I know, who only trade IPO's. By specializing on a narrow segment of the market they get in to all good IPO moves.

Recently I had lunch with one such trader, she had 90% return last year trading only IPO's. There is another trader who specializes in trading IPO's and is regular reader of the blog. From time to time he keeps sending me detailed analysis on IPO's and which one are likely to move. After chatting with these IPO specialist I have learned a lot on trading IPO's and has incorporated their learnings in to trading. One of them has requested me to incorporate IPO as subsection in Opportunity Buffet and which I will do in a day or two.

So what works in IPO's according to these veterans and my experience:

1 IPO's with good earnings or sales growth. This is number one criteria to look for. If an IPO has good IBD ratings I pay special attention to it.
2 IPO underwritten by Goldman Sachs, Morgan Stanley, Merrill Lynch or Credit Suisse
3 IPO's which IPO during market weakness. They really do well. Because unless the company is really solid, who would buy during market weakness. e./g. companies like Coach, it IPOed in the darkest period and went on to great height.
4 IPO's which do not go down more than 35% below first day trading close
5 IPO's with spin offs

The best way to trade IPO is by just running a simple 4% plus breakout scans.
(100*(c-c1)/c1)>=4 and v>=1000 and v>v1
Generally breakout on IPO's have follow through.

The IPO's which do not do well in first year become part of my Virgins strategy.

Q&A: underwriter vs. bookrunner vs. lead manager

Source: http://www.wallstreetoasis.com/forums/ipo-underwriter-vs-bookrunner-vs-lead-manager#comment-191894

Underwriters include all of the banks that sell the IPO shares to institutions. Typically underwriters are segregated into bookrunners and co-managers. Bookrunners do the majority of the work and collect the largest % of fees. Co-managers play a more passive role in the deal execution but usually initiate research coverage on the company afterwards.

Some equity deals will add additional titles and responsibilities to these roles so that fees are split a certain way or so one bank gets more promotional credit. I think this is what a "global coordinator" is: just a way for the lead bookrunner to further separate themselves from the others. Probably means that bank will coordinate all of the roadshow, lead discussions with the company, etc.

Wednesday, May 18, 2011

2011-05-18: LNKD, LinkedIn

Remark
. Featured in IPO Home

IPO Date & Price
Symbol: LNKD, LinkedIn
IPO Date: 2011-05-18
Offer price/share: $45 x 7.8M = $351M

Underwriters
Joint Book Runner: Morgan Stanley, BofA Merrill Lynch, J.P. Morgan
Co Manager: Allen & Company, UBS Investment Bank

Business
Sector: Technology
Industry: Internet Information Providers
Full Time Employees: 1,288
Founded: 2002

World's leading online professional network with more than 100 million members.

LinkedIn Corporation operates an online professional network. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. In addition, LinkedIn Corporation offers LinkedIn mobile applications across a range of platforms and languages, such as the Android, Blackberry, iPad, iPhone, and palm mobile devices; a public Website that allows developers to integrate its content and services into their applications; and a set of embeddable widgets to allow Web developers to include content from the company’s network into their Website or application. Further, it provides hiring solutions, including LinkedIn Corporate Solutions that enable enterprises and professional organizations to find, contact, and hire qualified candidates; LinkedIn Jobs, which allows enterprises and professional organizations to advertise job opportunities on the company’s network; and subscriptions that enable recruiters and hiring managers to find, contact, and manage potential candidates. Additionally, the company offers marketing solutions comprising LinkedIn Ads, a self-service platform that enable advertisers to build and target their advertisement to its members; LinkedIn Ads for Enterprise, which are marketing solutions to target larger advertisers that receive dedicated account management and additional marketing solutions; and premium subscriptions that are subscription packages designed for general professionals to manage their professional identity and connect with talent. LinkedIn Corporation was founded in 2002 and is headquartered in Mountain View, California.

Yahoo: http://finance.yahoo.com/q/pr?s=LNKD

Wednesday, May 11, 2011

2011-05-11: ZX, China Zenix Auto International

Remark
. Chinese
. featured in IBD


IPO Date & Price
Symbol: ZX, China Zenix Auto International
IPO Date: 2011-05-11
Offer price/share: $6 x 12.9M = $77.4M

Underwriters
Joint Book Runner: Morgan Stanley
Co Manager: William Blair, Oppenheimer & Co.

Business
Sector: N/A
Industry: N/A
Full Time Employees: 5,185
Founded: 2003

China's largest manufacturer of commercial vehicle wheels

China Zenix Auto International Ltd. , an investment holding company, engages in the research, development, production, and sale of commercial vehicle wheels to after market and original equipment manufacturer market in the People’s Republic of China. It offers approximately 80 series of tubed steel wheels, 70 series of tubeless steel wheels, and 80 series of off-road steel wheels. The company markets its products under Zhengxing, Zhengxing Prince, Haixia, Zhengchang, Lianxing, and CZX brands. China Zenix Auto International Ltd. sells its products directly and through distributors. It also exports its products to 30 countries worldwide, including Indonesia, Malaysia, and Thailand. The company was formerly known as Richwheel Limited and changed its name to China Zenix Auto International Ltd. in November 2010. The company was founded in 2003 and is headquartered in Zhangzhou, China

Yahoo: http://finance.yahoo.com/q/pr?s=ZX

2011-05-11: FENG, Phoenix New Media Limited

Remark
. Chinese

IPO Date & Price
Symbol: FENG, Phoenix New Media Limited
IPO Date: 2011-05-11
Offer price/share: $11 x 12.8M = $140.8M

Underwriters
Joint Book Runner: Morgan Stanley, Deutsche Bank Securities, Macquarie Capital
Co Manager: Cowen & Company, CICC

Business
Sector: Services
Industry: Business Services
Full Time Employees: 836
Founded: 2000

Operates a leading news and premium content web site (ifeng.com) in China.

Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People’s Republic of China. It offers content and services through three channels, including online channel at ifeng.com, video channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV. The company, through its Website, ifeng.com, provides approximately 40 interest-based verticals, such as news, finance, entertainment, fashion, military affairs, history, commentary, real estate, digital books, philanthropy, and Buddhism; interactive services, including blog, micro-blog, user surveys, comment posting, and discussion forum; and personalized features at ucenter.ifeng.com. Its video channel services comprise v.ifeng.com vertical that offers free online video on demand, live Phoenix TV broadcasts, subscription online video service, and pay-per-view online video service; mobile subscription and pay-per-view video services; mobile video application; and video content sales. The company’s mobile channel consists of 3g.ifeng.com mobile Website; and mobile Internet and value-add services, including mobile newspaper service, digital books service, digital reading applications, and mobile game services, as well as wireless value-added services comprising SMS-based, music, IVR-based, WAP-based services, and MMS-based services. The company was incorporated in 2007 and is based in Beijing, the People’s Republic of China. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited.

Yahoo: http://finance.yahoo.com/q/pr?s=FENG

Tuesday, May 10, 2011

2011-05-10: DATE, Jiayuan.com International Ltd.

Remark
. Chinese
. Featured in IPO Home

IPO Date & Price
Symbol: DATE
IPO Date: 2011-05-10
Offer price/share: $11 x 7.1M = $78.1M

Underwriters
Joint Book Runner: BofA Merrill Lynch, Citi
Co Manager: CICC, Oppenheimer & Co., Stifel Nicolaus Weisel

Business
Sector: Technology
Industry: Internet Information Providers
Full Time Employees: 382
Founded: 2003

China's largest online dating site with over 40 million registered users

Jiayuan.com International Ltd. operates an online dating platform in the People's Republic of China. The company, through its Website, Jiayuan.com, provides single adults with opportunities to meet, interact, and form a long-term relationship aimed towards marriage. It online dating platform allows users to post their own profiles and pictures and have those profiles and pictures viewed by other users, as well as enables users to browse the profiles and pictures of other users, save their preferences, and send messages to other users. The company also offers a range of value-added services, including purchasing virtual gifts for another user, improving one's search ranking, priority rankings for sent messages, online chatting, and premium display of their pictures and profiles, as well as advanced memberships that allow a user access to enhanced features on the Website, such as seeing the users who have reviewed their user profile, seeing the time of another user's last log-in, and more refined profile searches. In addition, it provides certain features of online dating services accessible through mobile browsers, such as sending and reading messages, viewing and modifying profiles, and purchasing certain value-added services. Further, the company offers traditional dating services consisting of hosting and organizing offline events; and VIP services, such as placement of targeted ads on the Website, conducting face-to-face interviews of potential companions, and hosting VIP offline events. Additionally, it sells advertising space on online dating Website. The company was founded in 2003 and is based in Beijing, the People’s Republic of China.

Yahoo: http://finance.yahoo.com/q/pr?s=DATE

2011-05-10: RLJ, RLJ Lodging Trust

Remark
. Hotel REIT

IPO Date & Price
Symbol: RLJ
IPO Date: 2011-05-10
Offer price/share: $18 x 27.5M = $495M

Underwriters
Joint Book Runner: BofA Merrill Lynch, Barclays Capital, Wells Fargo Securities
Co Manager: Deutsche Bank AG, Goldman, Sachs & Co., KeyBanc Capital Markets, Raymond James, RBC Capital Markets

Business
Sector: Financial
Industry: REIT - Hotel/Motel
Full Time Employees: 50
Founded: 2000

Self-managed REIT with a portfolio of 140 limited-service urban hotels.

Boingo Wireless, Inc., together with its subsidiaries, provides mobile Wi-Fi Internet solutions. The company installs, manages, and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports, hotels, coffee shops, shopping malls, arenas, stadiums, and quick service restaurants in North America, South America, Europe, the Middle East, Africa, and Asia. Its solution includes software for Wi-Fi enabled devices comprising smartphones, laptops, and tablet computers, as well as back-end system infrastructure that detects and enables access to Wi-Fi network. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. In addition, it provides billing system and customer support services. Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.

Yahoo: http://finance.yahoo.com/q/pr?s=RLJ

Tuesday, May 3, 2011

2011-05-03: WIFI, Boingo Wireless

Remark
.

IPO Date & Price
IPO Date: 2011-05-03
Offer price/share: $13.5 x 5.8M = $78.3M

Underwriters
Joint Book Runner: Credit Suisse, Deutsche Bank Securities
Co Manager: Pacific Crest, William Blair

Business
Sector: Technology
Industry: Information Technology Services
Full Time Employees: 135
Founded: 2001

Leading provider of mobile Wi-Fi software and services with 325,000 hotspots.

Boingo Wireless, Inc., together with its subsidiaries, provides mobile Wi-Fi Internet solutions. The company installs, manages, and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports, hotels, coffee shops, shopping malls, arenas, stadiums, and quick service restaurants in North America, South America, Europe, the Middle East, Africa, and Asia. Its solution includes software for Wi-Fi enabled devices comprising smartphones, laptops, and tablet computers, as well as back-end system infrastructure that detects and enables access to Wi-Fi network. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. In addition, it provides billing system and customer support services. Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.

Yahoo: http://finance.yahoo.com/q/pr?s=WIFI

2011-05-03: RENN, Renren Inc.

Remark
. Chinese
. Featured in IPO Home

IPO Date & Price
IPO Date: 2011-05-03
Offer price/share: $14 x 53.1M = $743.4M

Underwriters
Joint Book Runner: Morgan Stanley, Deutsche Bank Securities, Credit Suisse, BofA Merrill Lynch, Jefferies & Co.
Co Manager: Pacific Crest, Oppenheimer & Co.

Business
Sector: Services
Industry: Business Services
Full Time Employees: 1570
Founded: 2002

Operates the leading online social network in China with 117 million users

Renren Inc. operates a social networking Internet platform in China. Its platform enables users to connect and communicate with each other; share information and user-generated content; play online games; listen to music; and shop for deals. The company’s platform includes Renren.com, a social commerce site; Nuomi.com, a social Q&A Website focused on the auto industry; Game.renren.com, an online games center; and Jingwei.com, a professional and business SNS Website. It also develops and operates Web-based games. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. The company was founded in 2002 and is headquartered in Beijing, China.

Yahoo: http://finance.yahoo.com/q/pr?s=RENN

2011-05-03: RPXC, RPX Corporation

Remark
.

IPO Date & Price
IPO Date: 2011-05-03
Offer price/share: $19 x 8.4M = $159.6M

Underwriters
Joint Book Runner: Goldman, Sachs & Co., Barclays Capital
Co Manager: Allen & Company, Baird, Cowen & Company

Business
Sector: Services
Industry: Business Services
Full Time Employees: 76
Founded: 2008

Acquires and licenses client patent assets to defend against patent trolls

RPX Corporation provides patent risk management solutions in the United States, Europe, and Asia. It offers a subscription-based patent risk management solution that facilitates exchanges of value between owners and users of patents. The company provides a defensive patent aggregation solution in which it acquires patents or licenses to patents and licenses these patents to clients to protect them from patent infringement assertions. It also allows its clients access to the company’s proprietary patent market intelligence and data. The company’s clients include companies that make or sell technology-based products and services, as well as companies that use technology in their businesses. RPX Corporation was founded in 2008 and is based in San Francisco, California

Yahoo: http://finance.yahoo.com/q/pr?s=RPXC