| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 416.1 | There are even expensive IPO investing newsletters... | DSSDEV::PIEKOS | Zoo TV | Tue Mar 16 1993 10:17 | 10 |
| Generally, that fact that a company has filed with the SEC for an IPO is
reported in Barron's, The WSJ, and even The Globe.
Check through some past notes in this conf. Usually it is very tough to get
in on an IPO. Also, Peter Lynch has an article in the latest WORTH magazine
talking about IPO's.
Good luck.
John Piekos
|
| 416.2 | READ, READ, READ | USCTR1::BJORGENSEN | Just another ASEL.... | Tue Mar 16 1993 13:25 | 5 |
| The globe even had PowerSofts public offering notice weeks ahead of
time - PWRS was offered in te 16-17$ range and closed the first day
at 38$!!! The notice was even in the VOGON news!!
|
| 416.3 | | ROWLET::AINSLEY | Less than 150 kts. is TOO slow! | Tue Mar 16 1993 13:44 | 4 |
| Thanks for the replies. I didn't realize I should be looking under IPO...I
did a dir/title=public, but didn't find anything.
Bob
|
| 416.4 | | TPSYS::SHAH | Amitabh "Drink DECAF: Commit Sacrilege" | Tue Mar 16 1993 14:16 | 3 |
| I think the WSJ (and also NY Times that I know of) will have the
IPO's for a given week in that week's Monday edition. Often, this
may be too late.
|
| 416.5 | Only in VNS Computer News by luck - but that's how everything gets there :-) | PTPM06::TALCOTT | | Wed Mar 17 1993 11:40 | 7 |
| I don't look for computer/high-technology-related IPO notices. When something
appears in a standalone article I use it...
in Heard On The Street (WSJ) I may well use it
on Abreast of the Market, OTC Focus, etc. (WSJ) odds are I'll miss it as
I don't scan those sections too carefully.
Trace
|
| 416.6 | How.....When....Where | WFOV12::CERVONE | | Wed Mar 17 1993 11:50 | 4 |
| Was anyone able to get in on Powersoft in Feb when it came out. If so
how did you go about doing it I hear IPO's are real hard to get in on.
Frank
|
| 416.7 | | SDSVAX::SWEENEY | Patrick Sweeney in New York | Fri Mar 19 1993 09:14 | 10 |
| A complaint (not a proven allegation) was made that Wall Street firms
that are directing their piece of "hot" IPO's to their best and most
wealthy clients.
Someone like Bill Gates (mentioned in the complaint) is getting as much
as they want from the IPO's.
It isn't obvious that this practice is illegal either. So the emphasis
is on seeing if it is illegal or seeing if the laws can be changed to
make it so.
|
| 416.8 | Why buy an IPO at IPO? | AOSG::GILLETT | Candidate for DCU Board of Directors | Fri Mar 19 1993 13:33 | 41 |
| > A complaint (not a proven allegation) was made that Wall Street firms
> that are directing their piece of "hot" IPO's to their best and most
> wealthy clients.
>
> Someone like Bill Gates (mentioned in the complaint) is getting as much
> as they want from the IPO's.
>
> It isn't obvious that this practice is illegal either. So the emphasis
> is on seeing if it is illegal or seeing if the laws can be changed to
> make it so.
I don't see a problem here. Why would the sponsoring firms want
to mess around with several thousand 100-500 share players when they
can place the stuff with a couple hundred folks with serious money?
Whenever I get a call from somebody about "a hot new IPO that you
simply must have" all sorts of warning bells go off in my head. I got
a call a couple weeks ago from some guy trying to off-load 1000 share
units of some health care outfit. A careful reading of the offering
paperwork revealed that 80% of the proceeds were going to principals
who were taking their money off the table.
A decent IPO for a good company always leaves something on the table
for the players. A *really good* IPO can still be an excellent deal
weeks or months after the offering. Consider: Media Logic (AmEx TST)
went public on the ECM at something like $0.38/share. Not many
folks were able to buy at this price. But a couple months later,
when they were at $4.50/share they were still a good deal. Especially
when you consider that they're now at around $34, plus a 2-1 split.
The number of IPOs that do a PowerSoft are few and far between.
Many more go the way of the recent Wilt Chamberlain offering.
Don't know if it's been mentioned here or not, but recent IPO
prices, as well as data about equities and debt in regisration
is published daily in Investor's Business Daily - a newspaper
I'm liking more and more every time I read it.
My $0.02,
./chris
|
| 416.9 | Some data... | AOSG::GILLETT | Candidate for DCU Board of Directors | Fri Mar 19 1993 13:42 | 20 |
| As an additional piece of data, I just consulted
Investor's Business Daily for Thursday the 18th.
For 15 IPOs ranging from 3/9 - 3/15, consider
the following:
Unchanged from IPO: 7 or 46%
Winners: 3 or 19%
Increased by < 10%: 1 or 6%
Increased by > 10%: 2 or 13%
Losers: 5 or 30%
The average percentage gain for winners was 13.1%
The average percentage loss for losers was 21.04%
./chris
|