On the Internet: Web Sites for IPOs
by CI Staff
The Internet is a great place to find stock market data, including information on initial public offerings (IPO) of companies. Generally, these sites provide registration statements that companies file with the SEC in advance of going public, and calendars that compile important IPO dates. Some sites offer detailed information on the offerings as well as follow-up data on how the stock performed after the first day of trading.
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In addition to relevant IPO data, IPO Home offers basic information about the IPO process. The IPO Newcomer section offers definitions, explanations, tips and investment strategies on initial public offerings. The IPO FAQ page answers basic questions including: why a company chooses to go public, how to value new offerings and how to analyze foreign IPOs. Links to other sites, a glossary and a list of fun facts are some of the learning tools found in this section. Also available is advice and information on how to research and invest in IPOs, a chat room and information on underwriting firms.
IPO Marketwatch has breaking news and commentary as well as a top pick of the week. A list of hot and cold IPOs and a chart showing the total number of IPOs, total proceeds and average deal size for the past seven years are included also. Registered users have access to additional content in this section including information on how past IPO picks of the week have fared on the day of the offering and the percentage return since the first day of trading. Registration is free.
Calendars show upcoming IPOs, latest filings, recently withdrawn or postponed offerings and secondary offerings. To read company reports and detailed offering information, click on the company name. Pricing information for the past 12 months and a list of companies that offered their shares at a discounted price can be found under the Pricings heading.
The site ranks the top- and bottom-performing IPOs over the last 12 months—calculated by percentage price change from the offer price to the current price—and the top and bottom aftermarket performers—calculated by the percent change in price from the first days close to the current price. There is also a calendar showing companies in the midst of the quiet period—the time period after the SEC filing but prior to the offering, during which the offering company cannot publicly discuss the IPO. A research center offers company reports including: an overview of the industry and company; details on the upcoming offering; internal and external risk factors; and valuation comparisons with similar publicly traded companies. Reports are $60 each and are viewable with Adobe Acrobat Reader (available as a free download from www.adobe.com).
123Jump IPO Center
123Jumps IPO Center gives upcoming offerings for the week that include company name, ticker symbol, underwriting company, size and price range of the future offering. Each upcoming IPO is given a sentiment value measured by hot tamales: One hot tamale represents a stock to avoid; two, a value gap stock; three, a short-term growth stock; four, a long-term growth stock; and five, a long-term value stock, which is considered a hot buy.
Below the list of upcoming offerings, users can view the latest IPO pricings. Clicking on a stock accesses a report that details the IPO, selected financial statement data, a company summary and a business environment analysis can be accessed. Companies that have either withdrawn or postponed offerings and those that have recently filed reports with the SEC are listed with relevant data.
Users can search for a specific offering by ticker symbol, company name, state or industry. Calendars show historical monthly and annual pricings dating back to 2000. No charts or graphs on the stocks are available. This site is free to use.
Edgar Online IPO
This site is organized into seven main categories, with the home page showing summaries and selected information from each. The Calendar section shows upcoming IPOs by month in a chart detailing the expected offer date, number of shares to be offered and price per share. Users will find a list of recent IPOs, sorted by month, under the Pricings heading. A chart details the number of shares and price per share, total amount received and date of the IPO. No data on how the stock currently fares is given. Lists of companies who have recently filed or withdrawn their offering are listed with relevant data.
Companies that are in the lock-up period—a period of time when employees of the company cannot sell stocks purchased from the IPO—and the quiet period are shown, sorted by month.
A search section allows users to find IPOs meeting certain criteria such as number of shares offered, deal size, and quiet and lock-up period expirations. All of the charts include links to more detailed company data. Users can read a summary of the IPO information, a company description and what the company expects to do with the proceeds.
Basic access to this site is free. A subscription costs $100 per month. Subscribers have access to financial statements, insider holdings and more detailed information on IPOs and secondary offerings dating back to 1997.
Hoovers IPO Central
Hoovers Online offers free IPO data through their IPO Central section. Users can view a list of IPOs on Deck for the week. The company name and underwriting firm are listed along with a link to a report on the company and the upcoming offering. The report includes a short company summary, key financial data, IPO data and industry information. Under the IPO Filings heading, companies that are planning an IPO and have filed with the SEC during the current quarter are shown. Lists of companies that have filed with the SEC within the most recent five quarters but have not started trading yet are provided as well.
An IPO Calendar shows the IPOs on Deck in more detail including the number of shares, total amount expected from the IPO and share price range. Follow-up data on companies that have finished an IPO can be found in the IPO Performance section. Users can search for specific companies by month (for the last six months), or by quarter (for the last six quarters). Charts include the price per share, open and close price on the first day of trading and the latest closing price.
The IPO Scorecard shows the total number and total and average dollar value of IPOs for the most recent two quarters and the year-ago quarter. It also breaks down IPO pricings by industry and lists the top 10 IPOs for the trailing 12 months. Also reported are the biggest first-day gains and drops, best and worst returns (based on percentage price change of the offer price and the close price for the latest quarter) and CEOs who earned the largest profit from their companys IPOs.
Users can search the site by company name for a specific IPO and read or watch videos with analysis on offerings. A free weekly E-newsletter discusses offerings for the week, company filings and results from past offerings and is sent to users who join the site. The site is free to join.
IPO Monitor is a subscription-based site that offers basic information for free. Subscriptions cost $29 per month or $290 per year. Free content includes IPO filings, secondary offerings and pricings for the past week, a year-end review of the IPO market for the past four years, and the ability to search for a company by name, ticker symbol or SIC code. The free data on the offerings is limited to the company name, whether it is an IPO or a secondary offering, ticker symbol and total amount of the IPO. Funds raised by IPOs per industry over the past six months are shown in a chart and graph.
Subscribers have access to lists of companies that have filed or withdrawn their IPO recently, a pricing list that shows expected prices of upcoming offerings, a calendar with important IPO dates, and a report on aftermarket performance. E-mail alerts are available and include pricing alerts, which notify subscribers when an IPO price has been announced; a daily report, which summarizes the IPO market for the day; a weekly IPO calendar; an aftermarket pricing report; and a weekly wrap-up of the happenings during the week.
This site offers lists of the 10 best-performing and worst-performing IPOs over the last 30, 60, 90, 120 and 365 days. It also tracks performance for all brokerage firms that have served as the lead underwriter in at least one offering. For investors who trade on-line, a list of on-line brokers offering IPOs for purchase is available. Stocks that are in the lock-up and quiet periods are shown as well.
Subscribers have the ability to search by company name or industry; also available is a complex search based on the sites classification system, IPO geographic location and a range of pricing dates. A keyword search allows users to sift through company reports and data sheets.
Yahoo!Finance devotes one page of its site to IPOs. Users can view lists of recent pricings, filings and withdrawals along with detailed IPO information on each company. Links to the latest IPO news from Reuters and links to relevant Web sites can also be found. The site tracks the best and worst post-IPO performers over one-, three-, and six-year periods using the offer price and a recent close price to calculate the percentage change. Users can search for specific IPO filings by company name or industry. A financial glossary and an IPO message board are helpful tools for beginning IPO traders. Access to this site is free.