The IPO window is wide open, as a number of new stocks came to the market for the first time this week.Today we have a few new names so let’s take a look at them and see which stocks are set to see new coverage next week.

8 IPOs

One of the more successful deals this week was Floor & Decor Holdings (FND) which priced 8.82M shares at $21, well above the $16-$18 expected range.The stock opened at $30.25 and has traded as high as $32.45.The CEO appeared on new media and suggest a reason for the success for the company has been the money invested in stores.This has helped the company compete with Home Depot (HD) and Amazon (AMZN).

Seeing far less action was Verona Pharma (VRNA) which increased the offering size from 4.45M to 5.77M shares and priced them at $13.50, a penny above the expected range. Since the IPO yesterday, the stock has basically held serve right at $13.50.I see only about 20K shares traded today, so this stock will likely remain rather thin.

Two Weaker Deals

Emerald Expositions Events (EEX) saw the expected range of 18-20 turn out to be a bit too much and they priced 15.5M shares at $17.The stock opened at $18.73 and at the time of writing this it was trading at $19.29, up 2.29 for a 13% gain.Despite the weak pricing, investors have decided to give this trade show company a chance.

Carvana (CVNA) is a platform for buying used cars, and they priced shares at the middle of the expected range of $14-$16.While the 15M shares were sold at $15, they opened much softer at $13.71.The stock continued to slide as I see it hitting a low of $12.50 on stiff volume of 7.5M shares. 

Head In The Clouds

It seems that cloud stocks just keep coming and today we have another one with an interesting valuation story. Cloudera (CLDR) priced 15M shares at $15, one dollar over the top of the expected range.The stock opened at $17.86 and ran up to $19 and could be destined for a higher price or maybe even a deal down the road.

I make that speculation because the company saw a $766.5M investment from Intel (INTC) back in 2014 at a valuation of just under $31 per share.That means the $15 IPO price is a brutal beat down of more than 50% for the chip maker.That said, could they be looking to buy the other 78% of the company they don’t already own?At this price, it wouldn’t be surprising to see the company add to their position.

Print Friendly, PDF & Email