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

By
A A A

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

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

100%
100%
0%
100%
100%

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com