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IPO Hardball! Weekly Analysis - Big Week for IPOs and a Review of Last Week
This cast starts with a review of last week's IPOs and their performance. The following show: Company (ticker), IPO size, % change from IPO price, sector, grade, and score.
CastlePoint (CPHL) $89mm, +11%
property/casualty insurance/reinsurance: C+, 7
Cheniere Energy Partners (CQP) $283mm, +3.5%
LP for LNG terminal in Louisiana: C+, 7
Glu Mobile (GLUU) $84mm, flat
Publishes games for mobile telephones: C+, 7
And Blackstone filed a private equity IPO
This weeks IPOs include:
Aruba Networks (ARUN), $72mm
secure data wireless networking: C+, 8
Capital Products L.P (CPLP) $236mm
shipping vessel partnership: C+, 7
eTelecare Global (ETEL) $74mm
voice-based business outsourcing: C+, 7
Flagstone Reinsure (FSR) $175mm
property and casualty reinsurance: C+, 7
GSI Technology (GSIT) $58mm
SRAM integrated circuits: C+, 6
SenoRx (SENO) $66mm
medical devices: C, 8
Super Micro (SMCI) $84mm
high performance servers: B-, 7
Other companies mentioned in this cast are: (ARUN) (AXP) (BX) (CPHL) (CPLP) (CQP) (CSCO) (CY) (DELL) (ETEL) (EXLS) (GLUU) (GSIT) (HPQ) (IBM) (JNJ) (MOT) (SENO) (SMCI) (TWX) (WIT)
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IPO Hardball!
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IPO Hardball! Weekly Analysis - This Weeks Roundup and Blackstone Comments
This week Mr Gaskins looks at CastlePoint (CPHL) is a Bermuda holding company organized to provide property and casualty insurance and reinsurance business solutions, products and services primarily to small insurance companies and program underwriting agents in the United States. Tower Group Inc. (TWGP) is the sponsor for Castle's IPO
Cheniere Energy Partners (CQP) is a limited partnership formed in November 2006 by Cheniere Energy, Inc (LNG) Cheniere Energy Partners has been authorized to list its common units on the American Stock Exchange under the symbol CQP. The partnership will develop, own and operate the Sabine Pass liquefied natural gas receiving terminal under construction in western Cameron Parish, La. Other energy related IPOs so far this year include Duncan Energy Partner (DEP) Legacy Reserve (LGCY) MV Oil Trust (MVO) Targa Resources (NGLS)
Glu Mobile (GLUU) is a leading global publisher and developer of more than 100 casual and traditional games for the mobile market based on third-party licensed brands. Competitors include Electronic Arts Inc. (ERTS) and THQ Inc. (THQI)
Also hear comments about private equity firm Blackstone's potential IPO.
Data on last weeks IPOs are as follows: FCStone Group (FCSX) +30% BigBand Network (BBND) +28% Tongjitang Chinese Medicines (TCM) -2.5%
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IPO Hardball!
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