IPO Madness 2013: Round Two Recap and Final Four Preview

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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 team capsules.
View first round matchup recaps and second round previews.


NYSE Region

Equities-focused investment manager Artisan Partners Asset Management ( APAM ) advanced to the final four by defeating  TRI Pointe Homes ( TPH )  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 West Corporation ( WSTC )  defeated Madison Dearborn-backed wood products manufacturer Boise Cascade Company ( BCC )  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 2013 (46.8%).

NASDAQ Region
Cardiovascular testing provider LipoScience ( LPDX ) fell short against 3D printing machine provider ExOne (XONE) 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  XOOM (XOOM) 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 Management ( APAM ) , 26.6% return since IPO vs. Private Equity Region Champion: #4 West Corporation ( WSTC ), 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



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: APAM , BCC , LPDX , TPH , WSTC

Renaissance Capital

Renaissance Capital

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