10. SFX Entertainment
SFX Entertainment
The electronic dance music subculture brought its bass-heavy party to
Wall Street
in October with the IPO of SFX Entertainment, a promotion company that
hosts EDM concerts and festivals. The company’s CEO, Robert F. X.
Sillerman, already created a successful rock promotion company in the
90s that was eventually sold to Clear Channel for $4.4 billion. So far,
Wall Street isn’t dancing to SFX’s beat, though. The company is trading
below its IPO price of $13.
9. Chegg
Following on the heels of Twitter’s successful IPO, the debut of
Chegg, an online textbook rental company, was watched closely by Wall
Street and the tech world to gauge just how frothy the IPO market might
be getting. At least at this point, not every tech stock is an automatic
home run—Chegg tumbled 23 percent in its first day of trading, and slid
further in the ensuing week. The performance showed Wall Street has not
yet reached the IPO euphoria of the dot-com bubble, good news.
8. 58.com
More and more Chinese companies are choosing to list on U.S. stock exchanges.
58.com, a classifieds listing site known as the Chinese version of Craigslist, debuted on the
New York
Stock Exchange in October. The company managed to double its IPO price
over the course of the next month. The success of Chinese stocks in U.S.
may soon lure Alibaba, an e-commerce giant based in Hangzhou, which
could net a market valuation of $100 billion.
7. Burlington Stores Inc.
The discount retail chain best known for its Burlington Coat Factory
stores went public for a second time in October after being taken
private in an acquisition by Bain Capital in 2006. The company, which
operates 500 stores, got a 40 percent pop on its first day from its IPO
price of $17. The stock peaked above $40 in November, and analysts
project the company will generate $4.43 billion in revenue this year.
6. Gogo
Gogo has become the go-to source for Internet service on airplanes
and in airports. The company, which provides Internet access on 81
percent of airplanes that have Wi-Fi in North America, raised $187
million at an IPO price of $17 per share. The company’s stock is now
hovering around $30 and is likely to benefit from new FAA rules that
will allow passengers to use mobile devices during takeoff and landing
and even make phone calls during flights.
5. Zulily
Andrew Harrer / Bloomberg / Getty Images
Wall Street is becoming increasingly crowded with e-commerce
companies, and online retailer Zulily joined the crowd in November. The
shopping site, which specializes in daily flash sales on products for
mothers and their children, saw its stock jump 71 percent on its Friday
day from an IPO price of $22. Successful IPOs for coupon site
RetailMeNot and Channel Advisor, an e-commerce consulting firm, will
likely convince more e-commerce companies to go public in the future.
4. Tri Pointe Homes
The public debut of the housing company Tri Pointe Homes in January
was the first IPO in the homebuilding sector since 2004, according to
Bloomberg. The company raised $233 million by pricing its IPO at $17 per
share. Its IPO was another sign of the ongoing recovery of the housing
market and the steady increase in home prices in the last two years.
Another homebuilder, Taylor Morrison Home Corp., went public in April,
raising $629 million.
3. SeaWorld Entertainment
SeaWorld Entertainment, which runs 11 theme parks that attracted 24
million guests in 2012, saw its shares jump 24 percent on its first day
of trading from an IPO price of $27 per share. The company, now owned by
the Blackstone Group after being held by beer giant Anheuser-Busch
Inbev, is facing several headwinds. Its stock price fell in August after
it lowered ticket prices due to dwindling attendance. Throughout the
year the company has been fending off controversy connected to the film
Blackfish, a documentary about the 2010 killing of a SeaWorld trainer
that played at the Sundance Film Festival and was broadcast on
CNN in October.
2. Empire State Realty Trust
You can now own a piece of one of New York’s greatest landmarks. The
Empire State Realty Trust, which operates the Empire State Building and
20 other New York properties, went public in October, raising $929.5
million for the company at a price an IPO price of $13 per share. It was
the second-largest IPO ever for a real estate investment trust,
according to Bloomberg. But the company will soon face competition
filling its Midtown Manhattan offices when the One World Trade Center
opens in 2014.
Andrew Gombert / EPA
1. Twitter
The most anticipated Internet IPO of the year was a success for both
Twitter and Wall Street. The social network’s stock leapt 73 percent in
its first day of trading, from $26 to $44.90. It was a stark contrast
from Facebook’s IPO just a year and a half earlier, which was overpriced
and suffered from technical glitches. Wall Street has granted Twitter a
valuation of around $23 billion, in the league of Netflix and LinkedIn.
Now the company, which has earned no profits, will have to prove it
deserves it.