IPO Season Closes Out With a Bang


Underwriters can grab a breather now.

The seasonal lull that kicks in for new offerings is under way, and we're unlikely to see a fresh IPO hit the market until next month. There's no problem. It's just the way things go this time of year.

However, the climate is encouraging if we go by last few companies to go public this summer. Six of the past seven debutantes have gone on to post double-digit-percentage gains. The lone exception is perhaps the most notable: Manchester United (NYS: MANU) went public at $14, but the decorated soccer team was panned by critics as a publicly traded entity.

The lack of shareholder control, the fickle nature of sport franchises, and the fact that revenue declined 5% in the team's latest season despite a 5% uptick in operating costs have kept the strikers out of the net on this one.

Thankfully, all six of the other recent IPOs are scoring these days.





Hi-Crush Partners (NYS: HCLP)




Manchester United




Performant Financial (NAS: PFMT)




Bloomin' Brands (NAS: BLMN)




Peregrine Semicondutor




Globus Medical




Eloqua (NAS: ELOQ)




Source: Wall Street Journal.

It's a well-rounded assortment of companies that have gone public.

True to its name, Hi-Crush mines and processes raw sands that are used in hydraulic fracturing operations. Performant's a delinquent debt collector. Bloomin' Brands is the parent company of the popular Outback Steakhouse chain of restaurants.

Peregrine sells radio frequency integrated circuits that are based on UltraCMOS technology. Globus Medical makes medical devices used in spine disorders. Eloqua is a cloud-based provider of enterprise software.

However, the one thing that they all have in common -- outside of Manchester United -- is that they are winners, for now.

Investors will remember this strong winning streak when the IPO pipeline begins gushing again in a few weeks.

Shiny and new
If you're into new things, there's a new report detailing three stocks to own to profit from a new industrial revolution. Did I mention that it was a free report? Check it out now.

The article IPO Season Closes Out With a Bang originally appeared on Fool.com.

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 contributorRick Munarrizcalls 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.