According to Renaissance Capital, an Initial Public Offer (IPO) tracker,
a total of 222 companies went public during 2013 in the U.S. raising around
$55 billion, the highest number of new listings since 2000. As a group,
U.S. IPOs outperformed leading stock indices during 2013 returning an average
35% with first-day returns of 17%. The FTSE Renaissance U.S. IPO index,
which tracks post-offering performance, yielded a return of 61% during
2013. New listings on the U.S. small cap Russell 2000 index provided an
average 28% return, as on December 18. The research firm believes that
a buildup in the backlog of IPOs and improving economic indicators will
offer another dynamic year for the U.S. IPO market during 2014.
According to PricewaterhouseCoopers, new listings on all Canadian exchanges
increased 50% to $2.7 billion during 2013 compared to $1.8 billion recorded
during 2012. The accounting and consulting firm says there were a total
of 30 IPOs during 2013, including six in the fourth quarter that raised
$582.6 million on the Toronto Stock Exchange and TSX Venture Exchange.
Ubika Research has shortlisted fifteen notable IPOs during 2013 across
sectors which have registered significant gains since their stock listings
and have recorded daily average trading volume in excess of 100,000 during
the past month.
Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
1-Month Average Volume |
Offer to Date Return |
Shares Offered |
Offer Price |
Offer Size |
Listing Date |
ExOne Co |
XONE |
NASDAQ |
Industrial |
899.7 |
62.53 |
489,204 |
247.4% |
5.30 |
18.00 |
95.4 |
2/6/2013 |
Emerge Energy Services |
EMES |
NYSE |
Energy |
1,020.3 |
43.94 |
137,957 |
158.5% |
7.50 |
17.00 |
127.5 |
5/8/2013 |
Receptos Inc |
RCPT |
NASDAQ |
Healthcare |
554.4 |
30.23 |
152,533 |
115.9% |
5.20 |
14.00 |
72.8 |
5/8/2013 |
Marketo Inc |
MKTO |
NASDAQ |
Communications |
1,444.4 |
38.03 |
428,691 |
192.5% |
6.06 |
13.00 |
78.8 |
5/16/2013 |
Halogen Software Inc |
HGN |
TSX |
Technology |
285.1 |
13.17 |
66,907 |
14.5% |
4.80 |
11.50 |
55.2 |
5/17/2013 |
BRP Inc/CA |
DOO |
TSX |
Consumer Goods |
3,752.5 |
29.75 |
100,955 |
38.4% |
12.20 |
21.50 |
262.3 |
5/22/2013 |
ChannelAdvisor Corp |
ECOM |
NYSE |
Communications |
929.6 |
41.00 |
243,827 |
192.9% |
5.75 |
14.00 |
80.5 |
5/22/2013 |
Choice Properties REIT |
CHP-U |
TSX |
Financial |
3,906.4 |
10.56 |
220,913 |
5.6% |
40.00 |
10.00 |
400.0 |
7/5/2013 |
Rocket Fuel Inc |
FUEL |
NASDAQ |
Technology |
1,951.2 |
59.45 |
287,115 |
105.0% |
4.00 |
29.00 |
116.0 |
9/19/2013 |
Benefitfocus Inc |
BNFT |
NASDAQ |
Technology |
1,371.2 |
56.05 |
123,536 |
111.5% |
4.94 |
26.50 |
130.8 |
9/18/2013 |
Acceleron Pharma Inc |
XLRN |
NASDAQ |
Healthcare |
1,070.1 |
38.11 |
155,781 |
154.1% |
5.58 |
15.00 |
83.7 |
9/18/2013 |
CT Real Estate Investment Trust |
CRT-U |
TSX |
Financial |
987.4 |
10.97 |
276,116 |
9.7% |
26.35 |
10.00 |
263.5 |
10/23/2013 |
Container Store Group Inc |
TCS |
NYSE |
Retail |
2,098.1 |
43.78 |
597,573 |
143.2% |
12.50 |
18.00 |
225.0 |
10/31/2013 |
Barracuda Networks Inc |
CUDA |
NYSE |
Communications |
1,882.4 |
37.17 |
241,445 |
106.5% |
4.14 |
18.00 |
74.5 |
11/5/2013 |
Relypsa Inc |
RLYP |
NASDAQ |
Healthcare |
687.1 |
23.14 |
220,331 |
110.4% |
6.85 |
11.00 |
75.4 |
11/14/2013 |
Source: Bloomberg; Last Price as on January 02, 2013
Market Cap, Last Price, Offer price and Offer Size are in their respective
currencies
Company Description
ExOne Co (NASDAQ: XONE)
The ExOne Company is a global provider of three-dimensional printing machines
and printed products to industrial customers. The company’s business primarily
consists of manufacturing and selling 3D printing machines and printing
products to specification for our customers using our in-house 3D printing
machines.
Emerge Energy Services (NYSE: EMES)
Emerge Energy Services LP owns, operates, acquires and develops a diversified
portfolio of energy service assets. The company’s operations are organized
into two service oriented business segments, sand and fuel processing and
distribution.
Receptos Inc (NASDAQ: RCPT)
Receptos, Inc. discovers and develops small molecule drug therapies. The
company specializes in the development of G protein-coupled receptors therapeutic
candidates in the United States. Receptos focuses on the discovery, development,
and commercialization of various therapeutics for immune disorders.
Marketo Inc (NASDAQ: MKTO)
Marketo, Inc. provides a cloud-based marketing software. The company platform
enables execution, management, and analytical measurement of online, social,
and offline marketing activities. Marketo operates serves customers worldwide.
Halogen Software Inc (TSX: HGN)
Halogen Software Inc. designs, develops, and produces enterprise software.
The company offers appraisal, compensation, and recruitment software, as
well as hosting, deployment, talent management, and training services.
Halogen Software conducts its business worldwide.
BRP Inc/CA (TSX: DOO)
BRP Inc. produces Ski-Doo snowmobiles, Sea-Doo personal watercraft, all-terrain
vehicles and motorcycles including the three-wheeled Can-Am Spyder roadster
as well as engines.
ChannelAdvisor Corp (NYSE: ECOM)
ChannelAdvisor Corporation provides e-commerce channel management solutions.
The company offers online channels for retailers to distribute their products
such as online marketplaces, comparison shopping sites, and search engines.
ChannelAdvisor serves customers worldwide.
Choice Properties REIT (TSX: CHP-U)
Choice Properties REIT invests in commercial properties. The company focuses
on commercial real estate holdings located in Canada with the intent of
developing the property and increasing productivity of operations.
Rocket Fuel Inc (NASDAQ: FUEL)
Rocket Fuel Inc. offers digital advertising services. The company provides
solutions to manage, run, and evaluate online campaigns. Rocket Fuel serves
customers throughout the United States.
Benefitfocus Inc (NASDAQ: BNFT)
Benefitfocus, Inc. is a provider of cloud-based benefits software solutions
for consumers, employers, insurance carriers, and brokers. The company’s
platform provides an integrated suite of solutions that enables customers
to more efficiently shop, enroll, manage, and exchange benefits information.
Acceleron Pharma Inc (NASDAQ: XLRN)
Acceleron Pharma, Inc. provides pharmaceutical products. The company focuses
on discovering, developing, manufacturing, and marketing of protein therapeutics
for cancer and orphan diseases. Acceleron Pharma serves patients throughout
the United States.
CT Real Estate Investment Trust (TSX: CRT-U)
CT Real Estate Investment Trust provides real estate services. The company
acquires and owns income producing commercial properties, including retail
centers and distribution centers. The CT Real Estate Investment Trust owns
real estate located primarily in Canada.
Container Store Group Inc (NYSE: TCS)
The Container Store Group, Inc. operates specialty retail stores. The
company offers storage and organizational products and solutions. The Container
Store Group owns and operates its retail stores throughout the United States.
Barracuda Networks Inc (NYSE: CUDA)
Barracuda Networks, Inc. designs and develops email and internet security
products. The company offers spam firewalls, web filters, instant messaging
firewalls, load balancers, message archivers, and web application controllers.
Barracuda Networks serves customers worldwide.
Relypsa Inc (NASDAQ: RLYP)
Relypsa, Inc. manufactures pharmaceuticals. The company focuses on the
development and commercialization of non-absorbed polymeric drugs to treat
disorders in the areas of renal, cardiovascular and metabolic diseases.