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After solid pricing, all three IPOs up 10%+ in first-day trading

By Renaissance Capital,  November 02, 2012, 02:14:51 PM EDT

In a shortened trading week during which four IPOs rescheduled their pricings, three IPOs priced Thursday and all traded up more than 10% in early trading Friday. Two LPs, Delek Logistics ( DKL ) and Southcross Energy ( SXE ), which priced at the high end and midpoint of the range, respectively, have seen their stock trade up 11% and 14%.

High-end home furnishings retailer, Restoration Hardware ( RH ) priced at the high end of the range and is currently trading 33% above its offer price. Restoration stands to have the best first-day pop since Workday's ( WDAY ) October 11 offering (+74%) and the 3rd best since Trulia's ( TRLA ) September 19 offering (+41%). Restoration is the 15th US-based consumer IPO year-to-date, which in total have produced an average return of 27%.

Company (Ticker) Industry  Offer Date  First-day return Deal Size ($mm)
Workday ( WDAY ) Technology Oct-11 74% $637
Trulia ( TRLA ) Technology Sep-19 41% $102
Restoration Hardware ( RH ) Consumer Nov-1 33% $124
Fleetmatics (FLTX) Technology Oct-4  31% $133
Intercept Pharma (ICPT) Health Care Oct-10 29% $75
Shutterstock (SSTK) Technology Oct-10 27% $77
Realogy Holdings (RLGY) Financial Oct-10 27% $1,080
KYTHERA (KYTH) Health Care Oct-10 24% $70
MPLX (MPLX) Energy Oct-25 24% $381
Qualys (QLYS) Technology Sep-27 18% $91




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: DKL, RH, SXE, TRLA, WDAY



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