Thursday, September 11, 2014

Another Look at the IPO Market

Most people pay attention to the IPO market only when companies are actually making their initial public offering - after that, it just becomes another stock. But Bloomberg maintains an IPO index that tracks companies that have gone public over the past 12 months. After being flat most of the summer, that index is now up 5.5 percent on the year.

What's propelled that growth? Camera maker GoPro is the biggest success story, up 185 percent since its IPO in June. TrueCar Inc., an automotive pricing and information website, is up 145 percent since its IPO. ZS Pharma, a Texas-based pharmaceutical firm, is up 120 percent.

On the other hand, the biggest loser is a stock called Violin Memory, a data storage company that went public at 9 a share back in September 2013. It has since dropped to $4.80 - a loss of 47 percent.


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