| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 331.1 | If you have a $100K portfolio | VINO::FLEMMING | Have XDELTA, will travel | Thu Dec 10 1992 17:19 | 2 |
| Typically, *your* broker has to be one of the underwriters and
then you have to be lucky.
|
| 331.2 | To find probable date | MCIS2::BONVALLAT | | Fri Dec 11 1992 10:28 | 7 |
| Which company is it if you don't mind me asking?
By the way, for the likely offering date, the last page of Barrons
will list the coming week's offerings. Also, Investors Daily has
an IPO section with expected offering dates of all upcoming IPOs
(although this section is not published every day - 2 or 3 issues
a week I think).
|
| 331.3 | GBCT | SOFBAS::LORADITCH | | Fri Dec 11 1992 13:31 | 4 |
| The company is GBC Technologies (GBCT) which had a very good year.
They are a systems integration and VAR specializing in networks
installations.
|
| 331.4 | long food chain with us at the end | EMDS::MAURER | | Fri Dec 11 1992 16:25 | 65 |
| The IPO game seems to be very interesting by the very limited
(one offering) experience I have in it. I heard that a
company whose software I was using at the time was going
public. Knew a lot about their products and even had input on
early software features so I thought I would try to place an
order. This was three months before the IPO hit the street so
I called my broker (who I have not exactly made rich over the
years) and asked who was the market maker in the stock. It so
happens that it was his company so he yawned and took my
order.
A month before the offering I get a call from my broker who
says that the offering "is really heating up" and he can only
get me half of my order. He told me that the stock was still
being offered at about $10-12 a share. A week before the
offering, get another call and he says that he can't get any
of my order but he could place an order after it hit the
market. I asked him if the expected offering price had
changed and what I could expect to buy it at when it opened.
He said he could guarantee nothing, but $15-20 seemed to be the
range. That scared the heck out of me so I sat on the
sidelines the first week and watched. The first day the stock
opened at 16, went up to 23 and closed at 20. It bumped
around at the 18 to 22 range for a week and settled down at
$20 where I bought it. I later called my broker and asked
him what was the deal with IPO's.
I got to him 3 MONTHS before the offering
I was a previous customer
I gave him an order and he accepted it.
He moaned and groaned about how it was over subscribed and
how it was a hot stock and how everyone at the brokerage
wanted a piece of it.
I think/know that I was on the short end of a very long food
chain that probably looked like this:
Really really good customers
Brokerage partners
Really good customers
Brokerage managers
Good customers
My broker
Me
The closer this stock got to D-day the more over subscribed
it looked to the brokers which means that it would shoot up
when the market was made in the stock. This is probably one
of the closest things to a "sure thing" in the stock market.
Buy a chunk of shares, sell them that day and pocket a $10 a
share profit. My role in this process is to provide all those
guys ahead of me that $10 per share profit, which I
eventually did.
It seems to point to the fact that as far as short term,
quick in quick out dealing in the stock market the single
investor is at a great disadvantage to almost all other
players. If that stock was a dog, my broker would have been
beating down my door to get me to increase my order. I think
the rule on an IPO is that if you can't buy them (over
subscribed) they are probably worth buying so wait for them
to cool down a bit then jump in. If you have no problem
placing an order, sharpen your pencil and make sure you know
what the heck you are getting into.
|
| 331.5 | Only customers allowed to buy hot IPO | MCIS2::BONVALLAT | | Fri Dec 11 1992 17:49 | 8 |
| Not good. Unfortunately I am not aware of any regulation that stipulates
that the offered stock be given out on a first come, first serve basis.
I think you had that food chain basically right, except the following...
Brokerage partners
Brokerage managers
My broker
are NOT permitted to participate in a hot offering per SEC regulations.
Let's hope those regs are being followed.
|
| 331.6 | | SDSVAX::SWEENEY | Patrick Sweeney in New York | Tue Dec 15 1992 09:52 | 13 |
| From the brokers point of view, they are taking the risk in the
underwriting, not you. The final offering price, if it is too low,
basically screws the founders and the venture capitalists of the company
who assumed all the risk up to now. If it is too high, then the
underwriters are going to take losses.
There is no queue in IPO's like there is in the secondary markets (ie
NYSE, NASD) One of the benefits of having a large investment
relationship with a firm is that they give you a piece of some "sure
thing" IPO's.
Unless there was some disclosure rule broken or a oral promise made that
was broken, then there doesn't seem to be a beef here.
|
| 331.7 | How are the initial purchasers determined? | SICVAX::WYATT | Rich Wyatt, Services PMO, 352-2162 | Thu Dec 17 1992 08:28 | 13 |
| re: .6
Isn't the taking of the order three months ahead of the IPO at
least an implied, if not, explicit "oral promise" to sell? Or does the
investment banker really have complete discretion who to sell an IPO
to? Are there any limitations or constraints on the investment banker?
Thanks,
Happy Holidays.
Rich
|
| 331.8 | GBCT | SOFBAS::LORADITCH | | Thu Dec 17 1992 11:21 | 11 |
| More on GBCT
IPO should happen next week. @10/share
Prospectus states that sales ended 1989 at 3.5 million and Sept '92 at
20 million.
I doubt anyone reading this will get in at any reasonable price.
I think that note .4 has it right. We are at the short end of this
stick.
|
| 331.9 | IPO - Pacesetter Ostrich Farm Inc. - Its not funny | WFOV12::CERVONE | | Fri Jan 29 1993 15:56 | 36 |
| You know it seems funny but I'm usualy a day late and $1.00 short but
this time I must have gotton lucky on a IPO. It was mentioned some time
ago under another note dealing with an Ostrich Farm that someone was
starting. Man I thought it was funny at fist also, but its serious
business. Their realy is a market out there for Ostrich goods, meats,
leather etc. etc.
Anyhow here's how it goes............
My broker mentioned to me about 6 months ago that being a faithful
customer of his he was going to be able to let me in on an IPO for an
Ostrich Farm company that was going to become public sometime in
December of 1992. The company is OSTR on the NASDAQ market it became
public in DEC. 92 as he said for $4.00 per share. I was able to pick up
1500 shares (lucky) their were only so many share to go around you
know. This company was real hot everyone wanted the IPO I originaly
wanted 2000 share but was only able to pick up the 1500.
It has been trading on the NASDAQ market for 4 to 5 weeks now and it is
slowly moving upwards it is now today's quote 4 3/4 to 4 15/16. My
broker thinks we should be able to make a 50% to 75% profit in a few
more weeks and longer term maybe 6 months or so maybe even 100%. IPO's
if you can get in can be a quick profit taking investment. By the way
the stock is available to the general public of course and the
potential is there for a good return.
If any one wants more info on this stock full name Pacesetter Ostrich
Farm Inc. I have the prospectus I am willing to make copies of and forward
to interested parties.
Man it sure would be nice to get in on the groud floor of a few good IPO's
to beef up one's portfolio and income level. Keep your ears to the
ground and your nose to the stone I think that how the saying goes and
just maybe one of these days we can all get lucky...............!!!!!!!
Frank
|
| 331.10 | IPO calendar for February-March | TPSYS::SHAH | Amitabh Shah - Just say NO to decaf. | Wed Feb 03 1993 13:21 | 67 |
| Sorry for the format, but that's how I received it from a friend. Just to
explain what the numbers and symbols mean:
POWERSOFT <PWRS.O> 1.865 14-16 Goldman 03Feb
Powersoft, Symbol PWRS on OTC, 1.865 million shares offered at price
between 14 and 16, Underwriter is Goldman Sachs, and the date.
BTW, Powersoft was actually offered at 20 today. It OPENED at 33, and was up
5-6 to ~39 when checked a few minutes ago.
DEVELOPERS <DDR.N> 8 22 act Dean Witter 02Feb
STANDARD <SMAN.O> 2 13 act Nomura 02Feb
NINE WEST <NIN.N> 8 14-16 Merrill 03Feb
MATHSOFT <MATH.O> 2.5 12-13 Alex Brown 03Feb
POWERSOFT <PWRS.O> 1.865 14-16 Goldman 03Feb
GUPTA <GPTA.O> 2 11 Morgan wk01Feb
CHESAPEAKE <CSPK.O> 2.3 12-14 Prudential 05Feb
CARR REALTY <CRE.N> 6.25 20-21.5 Merrill latewk01Feb
TRIPLEX PHARM <TRPX.O>3 10-12 First Boston latewk01Feb
CONTINUED ON IPO2-IPO6 CATALYTICA <CTAL.O> 3 9-11 Lehman latewk01Feb
PROXIMA <PRXM.O> 2 11-13 Lehman latewk01Feb
MOLECULAR <MDYN.O> 2.13 9-11 Hambrecht latewk01Feb
ROCKY SHOES <RCKY.O> 1.65 9-10 JC Bradford latewk01Feb
WILT CHAM <WILT.O> 1.4 6-8 Meyers latewk01Feb
CHROMATICS <CCSI.O> 1.1 5 Investors latewk01Feb
( units consisting of one share and one warrant)
HEMAGEN <HMGN.O> 1 5 Reich latewk01Feb
LEVIATHAN GAS <LGP.N> 5.25 19-21 Donaldson wk08Feb
OCLASSEN <OCLN.O> 3 17-19 Lehman wk08Feb
CREE RESEARCH <CREE.O>1.4 7.5-9 Paulson latewk08Feb
FIRST USA 3.2 23 Merrill wk15Feb
INTERCAPITAL INS MUNI 10 15 Dean Witter wk15Feb
CALIF INS MUNI INCOME 10 15 Dean Witter wk15Feb
ARGOSY GAMING 4 14-16 Donaldson wk15Feb
HYPERION 2005 6 10 Smith Barney midFeb
GAMING CORP 3.4 6-7 Equity midFeb
VICAL <VICL.O> 3 9-11 Hambrecht midFeb
MOLTEN METAL 2.5 14 Oppenheimer midFeb
UNIVERSAL <UEIC.O> 2.4 10-12 Montgomery midFeb
ENERGY BIO <ENBC.O> 2.4 12-14 Alex. Brown midFeb
IEC <IECE.O> 2 11-13 Needham midFeb
CAMPO <CMPO.O> 1.5 10-12 Principal/Eppler midFeb
CRYOLIFE <CRYL.O> 1.5 9-10 Robinson midFeb
FIRST CUBA 1 10 Thomas Herzfeld midFeb
RENTWAY <RWAY.O> .7 7 Starr midFeb
U.S. CAN <USCN.O> 5.55 12-15 Salomon mid/lateFeb
RESOURCE <RMTG.O> 5 9-11 Mongtomery mid/lateFeb
CASTLE & COOKE <CKE.N>5 18 Merrill mid/lateFeb
SCANDINAVIAN BROAD 2.4 12-15 Prudential mid/lateFeb
PREFERRED INCOME 4 15 Lehman Feb
OUT-TAKE N/A 5 Stratton Oakmont lateFeb
MDL <MDLI.O> 8.8 14 J.P. Morgan lateFeb
CHIC BY HIS <JNS.N> 6 10-12 Tucker lateFeb
MANUFACTURED <MHC.N> 4.4 24-26 Merrill lateFeb
TECOGEN 3.0 8.125 NatWest lateFeb
BOCA RESEARCH 2.5 11 Hambrecht lateFeb
TUFCO <TFCO.O> 1 12 Stifel lateFeb
DEAN WITTER 29.5 22 Dean Witter earlMarch
ETHAN ALLEN 7.353 16-18 Kidder earlMarch
TECHNOMATIX TECH 1.9 11 Lehman earlMarch
GENERAL GROWTH 12.5 19-21 Goldman March
CITIZENS CORP 6.25 23 Merrill March
PHYSICIAN CORP 3 15-17 Bear Stearns March
NEUREX <NXCOA.O> 3 10-12 Lehman March
SUPERCONDUCTOR 1.5 10-12 H.J. Meyers March
|
| 331.11 | Where to obtain IPO list from ? | KISHOR::MITTAL | | Wed Feb 03 1993 14:14 | 12 |
|
Is there a "public" source for a list of IPOs for the near future ?
Also, I noticed that the list you posted is much larger than the one
published in Investor's Business Daily (they have other new offerings
besides IPOs also listed).
Despite the risks associated with IPOs, they seem to be the most
rewarding investments at least for the short term. According to today's
Boston Globe, 90% of IPOs offered in Dec '92 are trading above their
initial price.
Nitin.
|
| 331.12 | ex | SNKERZ::SOTTILE | Get on Your Bikes and Ride | Fri Dec 10 1993 08:10 | 7 |
|
I got cold called from a Kohig rep yesterday offering an IPO for
USLAN at 5.38. I thought IPO's were always reserved for "special"
customers.
steve
|
| 331.13 | IPOs aren't always popular | KOALA::BOUCHARD | The enemy is wise | Fri Dec 10 1993 12:07 | 0 |
| 331.14 | | ZENDIA::FERGUSON | Split open and Melt! | Thu Apr 20 1995 00:32 | 3 |
| Does anyone know if the WSJ publishes an upcoming IPI list weekly?
or do i have to by investors bus. daily to get this info? there's
a couple IPOs coming up and i'd like to follow them
|
| 331.15 | | MROA::BONVALLAT | | Thu Apr 20 1995 10:50 | 14 |
| >Does anyone know if the WSJ publishes an upcoming IPI list weekly?
>or do i have to by investors bus. daily to get this info? there's
>a couple IPOs coming up and i'd like to follow them
I've never seen the WSJ do this. Barrons lists expected offerings for
the coming week but that doesn't give you a lot of notice. Barrons does
highlight 2 or 3 selected IPOs well in advance (I believe in each issue).
And unfortunately, I've noticed that the Investors Bus.Daily list often
does not list many of the IPOs. The best publication on IPOs I've seen
is a market letter put out by Norman Fosback's Florida firm (forget name).
I think it costs somewhere between $50-$150/year, but is very good.
I could dig out the phone number if you are interested.
Do tell....which IPOs?
|
| 331.16 | | ZENDIA::FERGUSON | Split open and Melt! | Fri Apr 21 1995 03:25 | 7 |
| re <<< Note 331.15 by MROA::BONVALLAT >>>
>Do tell....which IPOs?
diamond multimedia
opal
performance systems international (may 1st, sym:PSIX)
|
| 331.17 | per Investors Business Daily | CSC32::J_MORTON | O8-OO-2b || ! 2b | Fri Apr 21 1995 11:17 | 2 |
| ...and MAXIS, maker of SimCity [2000], is soon to go public -- Rumored
at $13-14/share.
|