IPOs

Anthony Agnese MKT378 Current Event

What is an IPO?

Initial Public Offerings The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded.

Best and Worst

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2. 3. 4.

5.

CNOOC Ltd. Mastercard PetroChina Google China Life Insurance

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MF Global Holdings Semiconductor Manufacturing Corp. MetroPCS Communications Och-Ziff Capital Management Genworth Financial

{ CNOOC Ltd.
Total return from offer price: +1,325.5% Offer Price: $15.40 Offer date: 2/22/2001 First day return: +4.68% IPO deal size: $1.2 billion Industry: Oil & Gas Production

{ MF Global Holdings
Total return from offer price: -99.82% Offer price: $30 Offer date: 7/18/2007 First day return: -8.17% IPO deal size: $2.92 billion Industry: Investment Banks/Brokers

Current: $199.23

Current: $0.00

To Buy or Not to Buy

No History The Lock-Up Flipping Avoid the Hype

Twitter

Offer Date: 11/07/13

Offer Price: $23-$25

Shares: 70 million

Market value would be around $15.6 billion

Twitter

Sales and IPOs

The sale of IPOs can be positive or negative Sales in the Company Advancements

Questions?

Worked Cited

Brustien, J. (2013, October 10). Sizing up the twitter ipo. Bloomberg Business Week. Retrieved from http://www.businessweek.com/ articles/2013-10-10/twitters-pre-ipo-comparison-with-googlelinkedin-and-facebook Sweet, K. (2013, Novemebr 05). Going public: How twitter's ipo will work. Bloomberg Business Week. Retrieved from http:// www.businessweek.com/ap/2013-11-05/going-public-how-twitters- ipowill-work The 5 best and worst ipos. (2012, May 18). Retrieved from http:// www.investopedia.com/financial-edge/0512/the-5-best-and-worstipos.aspx Twitter boosts ipo target to $23-$25 per share. (2013, Novemebr 04). Bloomberg Business Week. Retrieved from http:// www.businessweek.com/ap/2013-11-04/twitter-boosts-ipo-price-range