{"id":2168,"date":"2017-05-01T12:01:03","date_gmt":"2017-05-01T16:01:03","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2168"},"modified":"2017-05-01T12:17:33","modified_gmt":"2017-05-01T16:17:33","slug":"april-2017-ipo-boutique-track-record-recap","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/april-2017-ipo-boutique-track-record-recap\/","title":{"rendered":"April 2017 IPO Boutique Track Record Recap"},"content":{"rendered":"

SUBSCRIBE TO IPOBoutique\u2019s Free Weekly Newsletter\u00a0<\/a><\/h3>\n

The IPO market was the most active month year-to-date as 18 companies went public for a total cash raise of $3.84bn.\u00a0\u00a0This included two deals that raised greater than $500m — Schneider National (NYSE: SNDR)<\/strong> and Azul SA (NYSE: AZUL)<\/strong>.<\/p>\n

Five\u00a0deals priced above range and four priced below range in April.\u00a0The average gain at first trade was 10.8% above the offering price — a strong number but a decline from the 17.4% gain above the offering price at first trade that was posted in March. April’s\u00a0best deal were Floor and Decor Holdings (NYSE: FND)<\/strong> and Okta, Inc. (NYSE: OKTA)<\/strong> with gains of 44.0% and 38.6%, respectively,\u00a0at first trade. ‘FND’ \u00a0hit a first-day high of 54.5% above the offering price marking the best single-day performance of an IPO in 2017 thus far.<\/p>\n

Compared to 2016, the IPO market is well-ahead of last year’s pace. There have been 42 deals that have come to market in 2017 versus 13 that came to market in this same period in 2016.<\/p>\n

This post will allow us to post our results and emphasize the value of IPOBoutique’s senior managing partner Scott Sweet’s ratings. You can check out\u00a0our entire track record at this link.<\/a><\/strong><\/p>\n

\"Screen<\/a><\/p>\n

Five-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be the best of the best. In our nine years of keeping a track-record we have given just 14 \u2018five-ratings\u2019 and all 14 have hit their respective targets. However, in April 2017, we did not give a \u2018five\u2019 rating.<\/p>\n

Four-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be very strong buys and we anticipate 1-to-2 points of premium or higher in the first week of trading. \u00a0In March\u00a02017, we gave four ‘4’ ratings and the group (Okta,<\/strong>\u00a0Inc, Yext Inc., Floor & Decor & Cloudera)<\/strong>\u00a0averaged a 32.1% return above the offering price at first trade. All four hit their respective targets It should be noted that there have been eight ‘4’ rated IPOs in 2017 so far and the eight have averaged a 34.6% gain at first trade.<\/p>\n

Three-Rating\u00a0<\/span><\/strong><\/p>\n

We consider these IPOs to be moderate buys and we anticipate 1\/2 to 1 point premium or more likely in the cases of these new issues. This past month ten\u00a0deals debuted that we rated as a ‘three’ with an average return of 3.8%\u00a0above the offering price. The best ‘3’ rated deal this month was NCS\u00a0Multistage Holdings (Nasdaq: NCSM)<\/strong>\u00a0which opened $3.00 above its $17.00 offering price for a 17.6% gain at first trade. We have given 22\u00a0IPOs in 2017 a ‘3’ rating and those have produced, on average, a premium of $1.08 above the offering price at first trade.<\/p>\n

Two-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be \u201cneutral\u201d and thus do not have a particular point threshold to hit in order for us to deem it as \u2018hitting its target\u2019. We gave four\u00a0deals a ‘two-rating’ this past month and these deals had an average return of 6.9% above the offering price at first trade. So far in 2017 we have given a total of 11\u00a0IPOs a ‘2’ rating and those 11\u00a0have produced, on average, just a $0.31 return above the offering price at first trade.<\/p>\n

One-Rating<\/span><\/strong><\/p>\n

We advise our subscribers to avoid these IPOs as we consider them to be risky. In our nine years of keeping a track-record we have given just 49 \u2018one\u2019 ratings. In April, we did not give a \u2018one\u2019 rating.<\/p>\n

IPOBoutique.Com provides comprehensive research, ratings and daily advisories on new issues hitting the IPO market. To subscribe to IPOBoutique’s service:\u00a0click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SUBSCRIBE TO IPOBoutique\u2019s Free Weekly Newsletter\u00a0 The IPO market was the most active month year-to-date as 18 companies went public for a total cash raise of $3.84bn.\u00a0\u00a0This included two deals that raised greater than $500m — Schneider National (NYSE: SNDR) and Azul SA (NYSE: AZUL). Five\u00a0deals priced above range and four priced below range in[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1063,1128,1161,1162,1163,1138,1073,1107,1137,1108,1120,1117,993,1109,1091,1139,1110,1164],"class_list":["post-2168","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-azul","tag-cade","tag-cldr","tag-cvna","tag-eex","tag-elvt","tag-fnd","tag-hcc","tag-hesm","tag-ncsm","tag-nets","tag-okta","tag-sndr","tag-toca","tag-wttr","tag-xrf","tag-yext","tag-zyme"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=2168"}],"version-history":[{"count":3,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2168\/revisions"}],"predecessor-version":[{"id":2172,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2168\/revisions\/2172"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}