{"id":9021,"date":"2019-07-05T17:21:04","date_gmt":"2019-07-05T21:21:04","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=9021"},"modified":"2019-07-06T19:00:04","modified_gmt":"2019-07-06T23:00:04","slug":"2q-2019-ipo-review-outsized-aftermarket-gains","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/2q-2019-ipo-review-outsized-aftermarket-gains\/","title":{"rendered":"2Q 2019 IPO REVIEW: Outsized aftermarket gains!"},"content":{"rendered":"

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(Click to Expand)<\/p>\n

IPO Boutique rated 18 IPOs with either a \u20184\u2019 or \u20185\u2019 rating in the second quarter of 2019 and those deals produced <\/span>a return of 53.5% above the offering price <\/b>at first trade, on average. Additionally, IPO Boutique rated 22 of the 60 issues with a \u20183\u2019 rating and those deals <\/span>produced a 14.2% return at first trade<\/b>. There were\u00a0 19 \u20182\u2019 rated deals which averaged a 4.5% return at first trade.<\/strong> This showcases the value that IPO Boutique has to not only make money with the \u201cstrong deals\u201d…but to avoid losing money with the weaker offerings. Our ratings provide a forecast on how strong the pre-IPO demand is.<\/span><\/p>\n

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IPO BOUTIQUE for your Syndicate Needs!<\/strong><\/p>\n

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What if you could take the guess work out of trading the syndicate calendar? Or what if you indicated for deals with the knowledge that large institutional funds are also in the deal.<\/div>\n
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IPO Boutique\u2019s vast network of underwriter contacts and sources can do just that! On the IPO side, it means research & daily color in conjunction with 45 years of IPO experience. For secondaries, our highest-level of client receives Real-Time Alerts on all offerings, re-offer ranges, ratings and color for any deal that is marketed more than an overnight.<\/div>\n
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If you indicate for IPOs or Secondary Offerings on a regular basis \u2014 place IPO Boutique on your team. Subscribe Today!<\/a><\/strong><\/div>\n<\/div>\n
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2Q RECAP<\/strong><\/span><\/h1>\n

A total of 60 IPOs came to market in 2Q 2019 raising $25.0bn. <\/b>Ironically,<\/span> this was the same amount (60) that came in the 2Q of 2018 but only $12.8bn was raised in the year-ago period. The quarter included what will likely be the largest IPO of the year, <\/span>Uber Technologies (UBER),<\/b> which saw its <\/span>$8.1bn cash raise<\/b> open $3.00 below the $45.00 issue price. <\/span>Aside from that offering, the second quarter was a banner three-month stretch.<\/b><\/p>\n

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19 of the 60 IPOs opened more than 30% above their issue price and many of them had <\/span>outsized aftermarket gains.<\/b> The \u201cwildest\u201d trader of them all was the <\/span>Beyond Meat Inc (BYND)<\/b> offering which opened 84.0% above its $25.00 issue price but traded as high as $201.88 in its short time as a public company. Five other companies are currently trading more than 100% above their issue price (as of 7.5.19) which includes <\/span>Zoom Video (ZM), Turning Point Therapeutics (TPTX), Cortexyme (CRTX), Silk Road Medical (SILK) and Revolve Group (RVLV).<\/b><\/p>\n

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A total of 16 IPOs priced above their original ranges and 10 priced below range<\/b>. Five IPOs raised more than $1bn in cash including previously mentioned <\/span>Uber Technologies (UBER), TradeWeb Markets (TW), Pinterest Inc (PINS), Avantor Inc (AVTR) and Chewy Inc (CHWY<\/b>). Those five IPOs averaged a 22.4% return at first trade.\u00a0<\/span><\/p>\n

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(CLICK TO EXPAND BIOTECH CHART)<\/em><\/p>\n

Biotech bingo<\/strong> was a theme in the 2nd quarter as 19 companies went public in the sector (32% of total in quarter)\u00a0 at an average gain of 18.5% at first trade. It should be noted that 9 of these 19 are now trading underneath their offering price.<\/span><\/p>\n

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