The post-Thanksgiving IPO drought is officially over, as three
companies went public this week.
), PBF Energy (
Silver Bay Realty Trust (
have all debuted since Wednesday. That comes on the heels of
Western Gas Equity's
initial public offering. With two more companies slated to go
public as early as next week, suddenly the IPO market is alive
and well as the holidays approach.
Four IPOs in December is still a pretty light number for the
biggest shopping month of the year. Last year, 11 companies went
public. There were 20 IPOs the year before that.
But considering there weren't any new public offerings between
Thanksgiving and last Thursday, four IPOs in a week amounts to a
windfall. Perhaps it will continue these last couple weeks of
For now, here is a bit more information on this week's
If you believe in alternative energy as a potential area for
major growth, then keep an eye on this stock. SolarCity (not
surprisingly) leases and installs solar energy systems for
homes and businesses. The company raised $92 million in its IPO
at $8 per share. The stock is already up to $11.90 a share -
close to a 50% rise in two days.
The fifth-largest independent petroleum provider in the U.S.
went public at $26 a share - the midpoint of its expected
range. The stock only rose 1% in its debut yesterday.
Silver Bay Realty Trust:
A Real Estate Investment Trust (REIT) that acquires
single-family properties in the U.S., Silver Bay is riding the
housing recovery in going public at $18.50 a share. So far the
stock is struggling - it's down a few cents with less than 90
minutes to go in its market debut.