Friday, March 7, 2014

2008 IPO Stock Prices Up 277% Under Obama, Democratic US Senate and the US Fed, After Being Down 37% Due to Financial Meltdown

With superb Initial Public Offering (IPO) data available from IPO Scoop, there were only 17 US Company IPOs in the year 2008 where the Company has a Market Capitalization of more than $100 mil presently.  In addition, there were two more 2008 US Company IPOs where the Companies were sold very recently in December 2013.  That makes 19 US Company 2008 IPOs.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.  The superb Yahoo Finance website was also utilized.

These 19 US Company 2008 IPOs had their equally-company-weighted average stock market prices decline by 37% from the IPO first day closing market price during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the five years since March 6, 2009, the equally-company-weighted average stock market prices of these same 19 US Companies having 2008 IPOs have increased by a very impressive 277% through yesterday, March 6, 2014.

It should also be pointed out that this 277% average stock market growth for these 19 US Company IPOs occurred during the entire five-year period when the US Senate was in Democratic Control.

Below here are the stock market prices of these 19 US Companies having IPOs in 2008 on March 6, 2014, on March 6, 2009, and on the first day IPO closing market in 2008, along with the related % Changes for these two periods of time:




2008
%




1st Day % Change




IPO Change 1st Day


3-6-14 3-6-09 Closing 3-6-09 Close
IPO
Market Market Market to to
Date Company Price Price Price 3-6-14 3-6-09







1/17/08 Williams Pipeline Partners L.P.*            37.94               7.00         20.00 442% -65%
1/24/08 IPC The Hospitalist Company             52.12            15.30         20.48 241% -25%
2/14/08 MAKO Surgical             30.00               6.81           9.18 341% -26%
3/11/08 Heritage-Crystal Clean             18.70               8.84         14.19 112% -38%
3/18/08 BioTelemetry            11.12            24.71         17.70 -55% 40%
3/18/08 Visa           223.86            50.19         56.50 346% -11%
4/21/08 Intrepid Potash             16.35            14.49         50.40 13% -71%
4/22/08 American Water Works             44.36            16.82         20.60 164% -18%
4/24/08 Hatteras Financial             19.60            22.10         24.68 -11% -10%
4/30/08 Pioneer Southwest Energy Partners LP            42.50            13.32         19.65 219% -32%
5/7/08 Colfax             71.53               6.01         21.00 1090% -71%
5/7/08 Real Goods Solar                4.25               1.93           8.80 120% -78%
5/8/08 Western Gas Partners LP             64.20            12.79         16.50 402% -22%
5/14/08 American Capital Agency             22.55            14.73         19.35 53% -24%
5/14/08 Verso Paper                2.41               0.36         10.00 569% -96%
7/2/08 Energy Recovery                6.49               4.72           9.83 38% -52%
7/23/08 GT Advanced Technologies            16.98               4.02         14.59 322% -72%
8/7/08 Rackspace Hosting             37.89               5.46         10.01 594% -45%
11/19/08 Grand Canyon Education             47.44            12.99         11.85 265% 10%








Average % Change all 19


277% -37%

* based on .7584 Exchange Ratio in merger with Williams Partners LP