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Busy IPO Market Making Up for Lost Time

Last week was a huge one for initial public offerings, as companies who had delayed the big move due to the country’s financial crisis now try to make up for lost time. Six of the companies on top of the IPO list are shown below.

  • Zoe’s Kitchen, Inc. (ZOES) – Texas based Zoe’s Kitchen is a growing restaurant chain cashing in on the burgeoning demand for healthy non-processed foods made from scratch. The company currently has over 110 locations in 15 states, and offers Mediterranean-inspired dishes. The company motto is: “If it wasn’t food 100 years ago, it isn’t food today.” Zoe’s announced its IPO of 5,833,333 shares of common stock at a price to the public of $15.00 per share, with shares beginning trade Friday on the NYSE under the ticker symbol ZOES.
  • Lombard Medical Technologies (EVAR) – Lombard develops and produces endovascular stent-grafts to repair aortic aneurysms. Aorfix, the company’s lead product, is currently the only abdominal aortic aneurysm stent-graft approved by the FDA for the treatment of such aneurysm’s with angulation of up to 90° at the neck of the aneurysm. Abdominal aortic aneurysms are a major cause of death in the U.S. The company initiated its IPO Friday, offering 3.6 million shares priced at $15-$18 per share, listing on the Nasdaq exchange under the ticker symbol EVAR.
  • Aldeyra Therapeutics (ALDX) – Aldeyra is a biotechnology company focused on developing drugs to eliminate free aldehydes, naturally occurring inflammation-inducing chemicals that are factors in a number of diseases. The company says that they are unaware of any associated FDA approved therapy like this. Aldeyra’s Friday IPO covered 2.2 million shares, priced at $10-$11, on the Nasdaq exchange, under the ticker symbol ALDX.
  • Paycom Software (PAYC) – Oklahoma City based Paycom Software provides cloud software for payroll, human resources, and other human capital management requirements. The company’s offerings are designed to help companies streamline their employment processes and eliminate redundant data entry. Paycom’s Friday IPO was for 6.6 million shares, priced between $18 and $20, on the NYSE, under the ticker symbol PAYC.
  • Enable Midstream (ENBL) – A publicly traded limited partnership, Enable Midstream owns, develops, and operates strategically located natural gas and crude oil infrastructure assets in major producing basins. Using these assets, the company provides comprehensive services to gather, process, transport, and store primarily natural gas in the south central U.S. The company’s IPO offered 25 million common units representing limited partner interests at a public price of $20.00 per common unit, on the NYSE, under the ticker symbol ENBL.
  • Phibro Animal Health Corp. (PAHC) – New Jersey based Phibro is one of the world’s leading animal health companies, focused on helping to meet the growing demand for animal protein. They provide livestock producers with a broad range of products and solutions to help maintain and enhance the health and productivity of animals. Stock covered includes beef and dairy cattle, poultry, swine, and even aquaculture. The company’s IPO offered 11,765,000 shares of its Class A Common Stock, with an estimated price range for the initial public offering of $16 to $18 per share, on the Nasdaq, under the ticker symbol PAHC.

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