The Parade of IPOs Keeps Coming
February continues to be a good month for IPOs.
After watching at least 15 companies go public through the first three weeks of the month, three more debutantes hit the market last week.
- Bazaarvoice (NAS: BV) provides social commerce solutions through its cloud-based platform. Bazaarvoice has yet to turn a profit, though it's growing quickly and has a solid retention rate when it comes to its big-name clients.
- Proto Labs (NYS: PRLB) claims to be the world's fastest producer of injection molding and computer numerical control (CNC) machined parts, offering completed production in as little as a single business day. Adjusted earnings climbed 53% to $0.98 a share last year.
- Ceres (NAS: CERE) is an agricultural biotech that markets seeds for energy crops. Ceres priced 5 million shares at $13.
These aren't exactly household names, but this month has already had star power with the successful debut of casino giant Ceasars Entertainment (NAS: CZR) . March promises to be interesting with Yelp's debut slated for later this week.
Most of this month's new offerings are trading above their IPO prices. Proto Labs has been this month's biggest winner, closing at $29 on Friday after pricing 4.3 million shares at $16 the night before. It's encouraging for the market to see new issues succeed, especially given 2011's rocky class.
Keep 'em coming, Wall Street.
Shiny and new
February may be the shortest month of the year, but it's been packed with plenty of new offerings.
If you're into new things, there's a new report detailing the only stock you need to cash in on a new technology revolution. The report is free, but it won't be around forever, so check it out now.
At the time this article was published Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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