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IPO Trader
by Siu-Yee Ng
1999's IPO market was a record-setting year. US$93 billion of proceeds were raised, easily beating the 1996 record of US$57 billion. We had the biggest first day gainer with a 698% pop from VA Linux (LNUX-NASDAQ). And we had the largest foreign IPO, raising US$16.5 billion.
And Taipan's IPO picks have soared with the market. We sold our IPO positions in Perot Systems (PER-NASDAQ) with a 150% profit, Tibco Software, Inc. (TIBX-NASDAQ) up 133%, GoTo.com (GOTO-NASDAQ) soaring 233%, just to name a few.
January is a busy month for bankers and companies as road shows and meetings engulf their time. Companies hop from one city to another for one to two weeks before pricing the IPO. But there are already hot IPOs in the pipeline for 2000.
| IPO Trader |
| |
Company |
Exchange/Symbol |
Entry Price |
12/31/99/Sell Price |
Gain/Loss |
Status |
| Oct. 98 |
Fox Entertainment |
NYSE:FOX |
US$23 |
US$24.38 |
8% |
open |
| Jan.99 |
Barnes and Noble |
NASDAQ:BNBN |
US$20.50 |
US$15.25 |
-26% |
open |
| Feb.99 |
Korn/Ferry International |
NYSE:KFY |
US$11.50 |
US$16 |
14% |
closed |
| |
Perot Systems |
NASDAQ:PER |
US$16 |
US$40 |
150% |
closed |
| Apr.99 |
TheStreet.com |
NASDAQ:TSCM |
US$19 |
US$31 |
63% |
closed |
| May.99 |
Razorfish |
NASDAQ:RAZF |
US$16 |
US$30 |
88% |
closed |
| Jun.99 |
GoTo.com |
NASDAQ:GOTO |
US$15 |
US$50 |
233% |
closed |
| Jul.99 |
Tibco Software |
NASDAQ:TIBX |
US$24 |
US$35 |
45% |
closed |
| Aug.99 |
Red Hat, Inc |
NASDAQ:RHAT |
US$7 |
US$136 |
1842% |
open |
| Sep.99 |
Interwoven |
NASDAQ:IWOV |
US$17 |
US$123 |
623% |
open |
| Oct.99 |
Akami Technologies |
NASDAQ:AKAM |
US$26 |
US$237 |
811% |
open |
| Nov.99 |
FreeMarkets |
NASDAQ:FMKT |
US$48 |
US$212 |
341% |
open |
| Average Percent Gain: 357% |
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