Some IPOs Are Better Than Others

Updated

There won't be any IPOs hitting the market this week.

May will come to a quiet close, and rightfully so. Facebook's ballyhooed debut two weeks ago has turned into an IPO bust.

Earlier this month, prospective debutantes simply wanted to get out of Facebook's way. Just as movie studios tend to move releases away from obvious blockbusters, underwriters steered companies away from the path of the world's leading social-networking website operator.


There were only nine companies to go public on stateside exchanges outside of Facebook. In news that may come as a welcome surprise, five of them are trading well above their IPO prices.

Company

IPO

Price on May 25, 2012

Gain

Ignite (NYS: IRG)

$14

$17.94

28%

Audience (NAS: ADNC)

$17

$19.10

12%

WageWorks (NAS: WAGE)

$9

$10.88

21%

Tilly's (NAS: TLYS)

$15.50

$17.40

4%

EverBank Financial (NAS: EVER)

$10

$11.20

12%

Source: Dealogic.

Ignite Restaurant Group is the parent company of two fast-growing eatery concepts. There are now 135 Joe's Crab Shack restaurants and 33 Brick House Tavern + Tap locations.

Audience is the company behind the earSmart intelligent voice processors, providing intelligent voice and audio solutions that improve voice quality and the user experience of mobile devices.

WageWorks offers a cloud-based enterprise platform for administering employee benefits.

Tilly's is a retail chain with 145 stores selling clothing, footwear, and accessories with a West Coast-inspired theme.

EverBank Financial is a Florida-based banker that's routinely atop lists of highest-yielding accounts. It went on to report its first quarter as a public company shortly after its IPO. Adjusted earnings and deposits rose reasonably for the period.

In the end, Facebook may be the name grabbing all of the headlines, but there are a handful of companies grabbing all of the gains.

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At the time thisarticle was published The Motley Fool owns shares of Facebook. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.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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