IPO Watch: The Most Recent and Upcoming IPOs (April 20)

Unlike last week, this week’s IPOs came out with a bang. Enterprise software data company Splunk (SPLK) saw returns of 108.7% on opening day and luxury luggage and travel-goods maker Tumi Holdings (TUMI) returned 47.00% by the closing bell.

On Tuesday, SandRidge Mississippian Trust II (SDR) and Digital Cinema Destinations (DCIN) managed to close in the green, up 3.57% and 5.57%, respectively.

Has investor appetite from IPO changed drastically from last week when nearly all names closed in the red, or are these companies simply more promising?

IPOs-In-Waiting

So, who’s next? Here we list the next April and early May IPOs to trade on the U.S exchanges. What do you think of their prospects?

1. Infoblox (BLOX) at $12-14/share, expected to trade 04/20/12.
2. Midstates Petroleum (MPO) at $16-18/share, expected to trade 04/20/12.
3. Proofpoint (PFPT) at $10-12/share, expected to trade 04/20/12.
4. Ares Commercial Real Estate (ACRE) at $19-20/share, expected to trade 04/23/12.
5. China Auto Rental (CARH) at $10.5-12.5/share, expected to trade 04/25/12.
6. Envivio (ENVI) at $10-12/share, expected to trade 04/25/12.
7. Supernus Pharmaceuticals (SUPN) at $12-14/share, expected to trade 04/25/12.
8. Acquity Group Limited (AQ) at $8-10/share, expected to trade 04/27/12.
9. Edgen Group (EDG) at $14-16/share, expected to trade 04/27/12.
10. Carlyle Group L.P. (CG) at $23-25/share, expected to trade 05/03/12.

Business Section: Investing Ideas

Let’s take a look at the 20 most recent IPOs and how they have fared. (current price as of market close 4/20/2012).

A quick glance shows many have closed well above offer price. Do you think they might have more to price in?

1. Splunk (SPLK, Earnings, Analysts, Financials): Technology. Offer date 04/19/12. Offer price $17. First day close $35.48. Current price $35.48. Return: 108.70%.

2. Tumi Holdings (TUMI, Earnings, Analysts, Financials): Consumer Goods. Offer date 04/19/12. Offer price $18. First day close $26.5. Current price $26.5. Return: 47.22%.

3. SandRidge Mississippian Trust II (SDR, Earnings, Analysts, Financials): Oil & Gas. Offer date 04/18/12. Offer price $21. First day close $21.25. Current price $21.75. Return: 3.57%.

4. Digital Cinema Destinations (DCIN, Earnings, Analysts, Financials): Consumer Services. Offer date 04/17/12. Offer price $6.1. First day close $6.17. Current price $6.44. Return: 5.57%.

5. Forum Energy Technologies (FET, Earnings, Analysts, Financials): Industrials. Offer date 04/12/12. Offer price $20. First day close $21.75. Current price $21.96. Return: 9.8%.

6. MRC Global (MRC, Earnings, Analysts, Financials): Industrials. Offer date 04/12/12. Offer price $21. First day close $21.04. Current price $20.51. Return: -2.33%.

7. Oaktree Capital Group (OAK, Earnings, Analysts, Financials): Financials. Offer date 04/12/12. Offer price $43. First day close $42.39. Current price $39.9. Return: -7.20%.

8. Erickson Air-Crane (EAC, Earnings, Analysts, Financials): Basic Materials. Offer date 04/11/12. Offer price $8. First day close $8. Current price $8.13. Return: 1.62%.

9. Retail Properties of America (RPAI, Earnings, Analysts, Financials): Financials. Offer date 04/05/12. Offer price $8. First day close $8.75. Current price $9.06. Return: 13.25%.

10. Enphase Energy (ENPH, Earnings, Analysts, Financials): Technology. Offer date 03/30/12. Offer price $6. First day close $7.34. Current price $7.04. Return: 17.33%.

11. GasLog Ltd. (GLOG, Earnings, Analysts, Financials): Consumer Services. Offer date 03/30/12. Offer price $14. First day close $12.41. Current price $11.12. Return: -20.57%.

12. CafePress (PRSS, Earnings, Analysts, Financials): Consumer Goods. Offer date 03/29/12. Offer price $19. First day close $19.03. Current price $18.07. Return: -4.89%.

13. Merrimack Pharmaceuticals (MACK, Earnings, Analysts, Financials): Health Care. Offer date 03/29/12. Offer price $7. First day close $6.04. Current price $8.67. Return: 23.85%.

14. Millennial Media (MM, Earnings, Analysts, Financials): Consumer Services. Offer date 03/29/12. Offer price $13. First day close $25. Current price $18.8. Return: 44.61%.

15. Rexnord (RXN, Earnings, Analysts, Financials): Consumer Goods. Offer date 03/29/12. Offer price $18. First day close $20. Current price $21.6. Return: 20%.

16. Annie’s (BNNY, Earnings, Analysts, Financials): Consumer Goods. Offer date 03/28/12. Offer price $19. First day close $35.92. Current price $40.74. Return: 114.42%.

17. Regional Management (RM, Earnings, Analysts, Financials): Financials. Offer date 03/28/12. Offer price $15. First day close $16.45. Current price $15.46. Return: 3.06%.

18. Vocera Communications (VCRA, Earnings, Analysts, Financials): Telecommunications. Offer date 03/28/12. Offer price $16. First day close $21.03. Current price $22.3. Return: 39.37%.

19. Vipshop Holdings Ltd. (VIPS, Earnings, Analysts, Financials): Consumer Goods. Offer date 03/23/12. Offer price $6.5. First day close $5.5. Current price $5.95. Return: -8.46%.

20. Whiting USA Trust II (WHZ, Earnings, Analysts, Financials): Oil & Gas. Offer date 03/23/12. Offer price $20. First day close $24.46. Current price $23.08. Return: 15.4%.

(Written by Rebecca Lipman. Author owns shares of BNNY. Data sourced from iposcoop.com.)

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