With a nod to Frank Sinatra, this was indeed a very good year for IPOs. The 2014 calendar also closed on schedule. Let’s take a quick look.
2014
Number of IPOs: 268
Volume raised: $83.8 billion
(Note: The number of IPOs priced exclude bank conversions; best efforts offerings; closed-end funds; foreign companies pricing public offerings of American Depositary Shares (ADS) being offered for the first time in the U.S. capital markets.(Note: These ADS represent shares already being traded in the country of origin); and unit offerings consisting of common stock and warrants.)
The NASDAQ Composite Index closed on Friday, Dec. 19, at 4,765.38, UP 14.1 percent for the year.
The Last IPO of 2014 was priced on Dec. 18: Juno Therapeutics (JUNO) priced 11 million shares at $24 each and closed its opening day, Friday 19, 2014, at $35, UP 45.8 percent from its initial offering price.
2013
Number of IPOs: 218
Volume raised: $52.7 billion
The NASDAQ Composite Index closed 2013 UP 38.3 percent for the year.
The Last IPO of 2013 was priced on Dec. 17: AMC Entertainment Holdings (AMC) priced 18.4 million shares at $18 each and closed its opening day at $18.90. It ended on Friday, Dec. 19, 2014, at $26.17, UP 45.4 percent from its IPO price.
2012
Number of IPOs: 132
Volume raised: $42.8 billion
The NASDAQ Composite Index closed 2012 UP 15.9 percent for the year.
The Last IPO of 2012 was priced on Dec. 13: Silver Bay Realty Trust (SBY) priced 13.3 million shares at $18.50 each and closed its opening day at $18.24. It closed Friday, Dec. 19, 2014, at $16.59 – DOWN 10.3 percent from its IPO price.
2011
Number of IPOs: 121
Volume raised: $36.5 billion
The NASDAQ Composite Index closed 2011 DOWN 2.32 percent for the year.
The Last IPO of 2011 was priced on Dec. 15: Inergy Midstream L.P. priced 16 million shares at $17 each and closed its opening day at $17.65. In October 2013, Inergy Midstream acquired Crestwood Holdings and changed its name to Crestwood Midstream Partners (CMLP). The stock closed Friday, Dec. 19, 2014, at $15.98 – DOWN 6 percent from its IPO price.
These numbers tell a good story. For 2014, the number of IPOs and the volume raised were more than double the levels for 2011. And with that, we tie a big bow around the year 2014.
Season’s Greetings to all. For the week of Dec. 29, we will return with a tip on how to read the aftermarket performance of IPOs.
Stay tuned.
Disclosure: Neither the author nor anyone else on the IPOScoop.com staff has a position in any stocks mentioned, nor do we trade or invest in IPOs. The author and IPOScoop.com staff do not issue advice, recommendations or opinions.