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 two recaps and the final four matchups below.
View bracket, first round matchup previews and
View first round matchup recaps and second round
Equities-focused investment manager
Artisan Partners Asset Management (
advanced to the final four by defeating
TRI Pointe Homes (
in a tight matchup in a tough week for stock returns.
Artisan Partner pulled off the victory after its price fell
3.7% and TRI Pointe Homes's price fell 3.8%. TRI Pointe
Homes is up 14.1% since its January IPO.
Private Equity Region
Thomas H. Lee-backed conferencing and call center
defeated Madison Dearborn-backed wood products manufacturer
Boise Cascade Company
in a lopsided matchup after its price went up 5.8% last
week, the only positive return among the eight remaining
companies. Boise Cascade fell 9.2%, and despite being the worst
performer of the week, still has the fourth highest IPO return of
Cardiovascular testing provider
fell short against 3D printing machine provider
in a battle to advance to the final four. ExOne edged out
LipoScience despite seeing its price decline 8.4%. ExOne still
remains the best performing IPO of 2013 with an overall
return of 70.4%. LipoScience is up 6.4% since its IPO.
Venture Capital Region
Revenue management software provider
Model N (MODN)
beat online money transfer service provider
to advance to the final four. Model N (-2.0%) managed to have the
second best return last week in what was a difficult week for
most of the remaining companies. Xoom, down 8.8% last week, is up
30.1% since its IPO.
Final Four Matchups:
NYSE Region Champion: #3 Artisan Partners Asset
) , 26.6% return since IPO vs. Private Equity Region
Champion: #4 West Corporation (
), 1.5% return since IPO.
NASDAQ Region Champion: #2 ExOne (XONE), 70.4% return
since IPO vs.Venture Capital Region Champion: #1 Model
N (MODN), 25.3% return sinec IPO