With many of the IPOs producing slam-dunk returns in 2013,
Renaissance Capital would like to present the inaugural IPO
Madness. To qualify, a company had to go public in 2013 and
complete its listing by March 22. Whichever stock has the greater
weekly return will survive to fight in another round until there
is only one IPO left standing. We will publish recaps and
previews of the matchups each week, so make sure to check on how
your favorite IPOs do throughout the tournament. Check out the
round one recaps and the round two matchups below.
View bracket, first round matchup previews and
TRI Pointe Homes (
and equities-focused investment manager
Artisan Partners Asset Management (
advanced to the second round. With a 3.3% return, TRI Pointe
Homes advanced after outperforming
after the Pfizer spinoff ended the week up just 0.8%. Artisan
Partners Asset Management (4.2%) defeated petroleum refining
CVR Refining (
, which posted a 3.2% return for the week, thanks to a late
Private Equity Region
Thomas H. Lee-backed conferencing and call center
and Madison Dearborn-backed wood products manufacturer
Boise Cascade Company
advanced to the next round. West Corporation (+9.9%, the
best performing IPO in the bracket last week) continued to rise
in the week after its market debut, beating the third best
performing 2013 IPO
Norwegian Cruise Line
which fell -1.8% last week. With a return of 3.2%, Boise Cascade
Company topped worksite childcare provider
Bright Horizons Family Solutions
, which turned in a -3.0% return and was one of five
companies in the bracket to post negative returns for the week.
Cardiovascular testing provider
and 3D printing machine provider
advanced to the Elite Eight. With a 4.0% return last week,
Liposcience defeated data center REIT
, down -0.5%, after reporting positive fourth quarter results on
Wednesday. However, optimism surrounding Liposcience's 4Q results
appears to be short lived as the stock is down roughly -7% today.
ExOne (+4.7%), which also reported strong results and offered a
bullish outlook, surged on Thursday to surpass medical insurance
Health Insurance Innovations (HIIQ)
, which also finished up 4.7%. HIIQ lost by 0.04% and was the
best performing IPO last week not to advance.
Venture Capital Region
Revenue management software provider
Model N (MODN)
and money transfer company
were the final two companies to advance to the next round. Model
N (+7.4%) outshined cloud-based ad management platform
Marin Software (MRIN)
, up 1.0%, while Xoom (-1.3%) ousted smart grid products provider
Silver Spring Networks (SSNI)
, which closed down -13.8% and was the worst performing IPO in
Second Round Matchups:
NYSE Region: #4 TRI Pointe Homes (
) , 18.5% return since IPO, vs. #3 Artisan Partners Asset
) , 31.5% return since IPO.
Private Equity Region: #4 West Corporation (
), -4.1% return since IPO vs. #2 Boise Cascade Company
(BCC), 61.6% returnsince IPO.
NASDAQ Region: #4 Liposcience (LPDX), 16.8% return
since IPO, vs. #2 ExOne (XONE), 86.1% return since IPO.
Venture Capital Region: #1 Model N (MODN), 27.9% return
sinec IPO vs. #2 XOOM (XOOM), 42.8% return since IPO.