heated up in September. October is off to an even faster
Six companies held IPOs this week. While none of them were
household names, the sheer quantity speaks to the health of the
broad market right now.
Introductions are in order for the newest publicly traded
companies. Here are a few tidbits about this week's IPOs,
courtesy of IPO research firm Renaissance Capital:
Fleetmatics Group (
The leading provider of on-demand fleet management solutions
raised $133 million in its IPO and opened at $17 a share - the
high end of its expected range. The stock jumped 31.6% in its
first day of trading, rising to more than $22 a share
Regulus Therapeutics (NASDAQ:
This biotech company raised $45 million in its initial public
offering at $4 a share. The stock is up to $4.20 a share after
its first day of trading.
Berry Plastics Group (NYSE:
This plastic goods company priced at the low end of its range
at $16 a share, and so far that seems like a wise choice: the
stock is down to $15 a share after two days.
Javelin Mortgage (NYSE:
An REIT, Javelin offered a million more shares than it was
anticipating. So far the stock hasn't done much, debuting at
$20 a share and closing the week at $19.75.
Shares of this provider of identity theft protection services
priced below their expected range at $9. Things haven't gotten
much better since the IPO: shares are already down 9%.
Luxfer Holdings (
A global distributor of aluminum, magnesium and zirconium,
Luxfer raised $80 million in its IPO. So far, so good: the
shares are up 13% from their $10 IPO price.