Sunday, March 9, 2014

2013 US IPOs: All 154 Companies Up 39% in Only 8 Months.....30 Biotechnology Stocks Up 87%, 13 Other Health Care Up 47%, 16 Financial Up 36%, 31 Technology Up 34% and 19 Oil & Gas Up 33% Under Obama, Democratic US Senate and the US Fed

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 170 US Company IPOs in the year 2013, where the Company has its common stock still trading now and it also has a Market Capitalization of more than $100 mil presently.  Incredibly these 170 US Company IPOs in 2013 is precisely 10 times the 17 IPOs in 2008.

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 heavily.

Of these 170 US IPOs in 2013, 31 are Technology Companies, 30 are Biotechs, 23 are Services, 19 are Oil & Gas, 16 are Financials, 16 are REITs, 13 are Health Care other than Biotechs and 22 are in Other Sectors.

From a stock market price perspective, the 16 US REITs are unlike the Other 154 Companies because in order to keep their tax-exempt status, US REITs must distribute each year at least 90% of their taxable income.

The 154 US Non-REIT Companies having IPOs in 2013 posted an average stock market price increase of an incredibly off-the-charts 39% in the extremely short 8 month average period of time through March 7, 2014.

US Biotechnology Companies were clearly the main driver of this stock market price appreciation avalanche.

The 30 US Biotechs with 2013 IPOs had an average stock market increase of a spectacularly off-the-charts 87% in the extremely short 8 month average period of time through March 7, 2014.  Whew!

Insys Therapeutics led the Biotech stock market price appreciation stampede with a 693% increase.  There were 2 other Biotechs with a stock market price increase of more than 200%.  Altogether there were 9 of these 30 US Biotechs which had their stock market prices more than double in this extremely short period of time.  And only 3 of these 30 Biotechs had percentage stock market price declines.

Clearly, the US now leads the world in the critical Biotechnology area....and by a huge margin.  The dominance and pure excellence of the US Research Universities have played an instrumental role in the massive upper advancement of the US Biotechnology industry in the past five years.  And the Obama Administration was a key facilitator here.

The 13 US Health Care Companies other than the 30 Biotechs had an average stock market price increase of a spectacular 47% over this extremely short time spam.  Drug Company Karyopharm Therapeutics led the charge here with a 163% stock market price increase.   It should be pointed out that 1 of these 13 Health Care Companies was sold three months after its IPO date, after its stock price had already appreciated by an incredible 79%. 

There was an incredibly huge number of 31 US Technology Companies having IPOs in 2013 and they registered an average stock price increase of a huge 34% in the very short 8 month average period, led by zulily's 204% stock market price increase.  Altogether there were 4 of these Technology Companies which had their stock market prices more than double over this extremely short period of time.

The US Technology Industry, which is driving the US and worldwide economies, would be the first to tell you just how much the Obama Administration has helped them.

The 16 US Financial Companies having IPOs in 2013 had an average stock market price increase of an exceptional 36% in the extremely short 8 month average period through March 7, 2014.

The 19 US Oil & Gas Companies having IPOs in 2013 had an average stock market price increase of a very impressive 33% through March 7, 2014.

It should also be pointed out that this exceptional average stock market price growth for all of these 2013 US IPOs as well as the 900% increase in the number of US IPOs in 2013 over 2008 both occurred when the US Senate was under Democratic Control.

Since the US IPO market is so very key to the success of the US economy, and since 2008 was the last year where the Republicans had pretty much equal control of the US Senate with the Democrats and that was when the US IPO market completely collapsed with only 17 IPOs in 2008, and since the US Senate then became and continued to be strongly under Democratic control with the US IPO market now on complete fire with 170 US IPOs in 2013, then why in the world would a rational person vote to give the Republicans clear control of the US Senate?  There is just too much US IPO downside risk, which would impact the US economy drastically.

I think it is helpful to simply lay out below the number of US IPOs in each year where the current Stock Market Capitalizations are more than $100 mil each:
  •  17 in 2008
  •  34 in 2009
  •  76 in 2010
  •  84 in 2011
  • 101 in 2012
  • 170 in 2013
And I am pretty sure that there will be more than 200 similar US IPOs in 2014.....unless the US Congress interferes.

And then here are the similar numbers of US IPOs in each year for just the key Biotech and Technology Companies:
  • 0 Biotechs.....and 2 Techs....for a total of 2 in 2008
  • 1 Biotech.......and 8 Techs ...for a total of 9 in 2009
  • 3 Biotechs....and 17 Techs..for a total of 20 in 2010
  • 4 Biotechs....and 23 Techs..for a total of 27 in 2011
  • 8 Biotechs....and 27 Techs..for a total of 35 in 2012
  • 30 Biotechs..and 31 Techs..for a total of 61 in 2013
It is pretty clear to me that Obama can now be called the IPO President.  He understands the importance of the sharing of research of the US Government with Drug Companies, Biotechnology Companies and Technology Companies.  When you think about how he has always focused on advanced technology and medical and other higher level research, not that just done by US Companies but also that done by the unparalleled US Research Universities and by the US Government, it only makes since that the IPO market would now be so incredibly hot.  Thus the common stocks of both US Biotechnology Companies and US Technology Companies now have a substantial Obama premium built into their stock market prices.

But I really do worry though about what happens to the US IPO market and also the US stock market after Obama leaves office.  He is the driver of the key US IPO market.  After he leaves office, that substantial Obama premium in their common stock prices will then be removed.

I am pretty sure that if it were up to the key US Technology and US Biotechnology Industries, including their employees, they wish Obama could have a third US Presidential term.  Just sayin. 

Below here are the stock market prices of these 170 US Companies having IPOs in 2013 on March 7, 2014 and also on the first day IPO closing market price in 2013, along with the related % Change for this period of time: 





1st Day





IPO
2013


3-7-14 Closing
IPO


Market Market %
Date Company Sector Industry Price Price Change








Biotechnology




5/2/13 Insys Therapeutics  Health Care Biotechnology $76.00 $9.58 693%
11/15/13 Relypsa  Health Care Biotechnology $42.67 $12.24 249%
5/9/13 Receptos  Health Care Biotechnology $46.03 $14.00 229%
9/19/13 Acceleron Pharma   Health Care Biotechnology $51.43 $19.99 157%
6/27/13 Aratana Therapeutics   Health Care Biotechnology $20.57 $8.26 149%
6/26/13 NanoString Technologies  Health Care Biotechnology $19.95 $8.06 148%
1/29/13 Stemline Therapeutics  Health Care Biotechnology $25.65 $11.80 117%
3/21/13 Enanta Pharmaceuticals   Health Care Biotechnology $36.80 $17.18 114%
12/12/13 Kindred Biosciences   Health Care Biotechnology $24.58 $11.95 106%
6/21/13 PTC Therapeutics    Health Care Biotechnology $31.00 $16.49 88%
8/22/13 Regado Biosciences  Health Care Biotechnology $8.18 $4.70 74%
5/22/13 Portola Pharmaceuticals   Health Care Biotechnology $25.90 $15.15 71%
7/25/13 Cellular Dynamics International  Health Care Biotechnology $15.79 $9.50 66%
12/3/13 Xencor  Health Care Biotechnology $12.50 $8.34 50%
7/24/13 Agios Pharmaceuticals  Health Care Biotechnology $45.45 $31.28 45%
5/16/13 Ambit Biosciences  Health Care Biotechnology $10.69 $7.39 45%
9/25/13 Ophthotech   Health Care Biotechnology $36.96 $26.30 41%
10/1/13 Fate Therapeutics   Health Care Biotechnology $9.09 $6.62 37%
10/30/13 Veracyte  Health Care Biotechnology $17.63 $13.25 33%
10/10/13 MacroGenics  Health Care Biotechnology $33.22 $24.99 33%
7/18/13 OncoMed Pharmaceuticals  Health Care Biotechnology $34.98 $27.18 29%
7/25/13 Conatus Pharmaceuticals  Health Care Biotechnology $11.83 $9.50 25%
6/26/13 Esperion Therapeutics  Health Care Biotechnology $17.40 $14.50 20%
9/18/13 Five Prime Therapeutics  Health Care Biotechnology $15.64 $13.08 20%
5/31/13 Epizyme  Health Care Biotechnology $27.02 $22.99 18%
12/12/13 TetraLogic Pharmaceuticals  Health Care Biotechnology $8.20 $7.00 17%
4/11/13 Chimerix  Health Care Biotechnology $18.73 $18.79 0%
6/20/13 bluebird bio  Health Care Biotechnology $25.95 $26.39 -2%
9/20/13 BIND Therapeutics  Health Care Biotechnology $12.49 $14.09 -11%
7/25/13 Onconova Therapeutics  Health Care Biotechnology $7.66 $19.88 -61%

Average % Change all 30 Biotechnology


87%








Other Health Care




11/6/13 Karyopharm Therapeutics  Health Care Major Drug Manufacturers $42.23 $16.05 163%
10/25/13 Aerie Pharmaceuticals   Health Care Major Drug Manufacturers $21.00 $10.61 98%
4/11/13 Omthera Pharmaceuticals  Health Care Other Drug Manufacturers $13.30 $7.43 79%
10/9/13 LDR Holding  Health Care Medical Appliances & Equipment $34.00 $19.35 76%
3/20/13 Tetraphase Pharmaceuticals  Health Care Major Drug Manufacturers $12.26 $7.00 75%
4/5/13 Cancer Genetics  Health Care Medical Lab Services $19.02 $11.25 69%
8/14/13 Envision Healthcare Holdings  Health Care Long-Term Care Facilities $33.88 $25.15 35%
11/14/13 Tandem Diabetes Care  Health Care Medical Instruments&Supplies $25.83 $19.26 34%
5/9/13 Quintiles Transnational Holdings   Health Care Medical Labs & Research $54.11 $42.11 28%
10/30/13 Surgical Care Affiliates   Health Care Skilled Health Services $31.26 $27.10 15%
9/25/13 Foundation Medicine  Health Care Medical Labs & Research $35.02 $35.35 -1%
2/1/13 Zoetis  Health Care Generic Drugs $30.58 $31.01 -1%
1/31/13 KaloBios Pharmaceuticals  Health Care Major Drug Manufacturers $3.36 $8.00 -58%

Average % Change all 13 Other Health Care

47%








Technology




11/15/13 zulily  Technology Catalog & Mail Order House $58.47 $19.26 204%
5/23/13 ChannelAdvisor  Technology Application Software $48.41 $18.44 163%
9/26/13 Applied Optoelectronics   Technology Semiconductor-Integrated Circuits $25.29 $9.96 154%
9/20/13 FireEye  Technology Application Software $81.04 $36.00 125%
11/6/13 Barracuda Networks    Technology Communication Equipment $41.84 $21.55 94%
5/17/13 Tableau Software  Technology Application Software $90.84 $50.75 79%
11/7/13 Mavenir Systems  Technology Computer Communications Equip $16.95 $9.64 76%
5/17/13 Marketo  Technology Application Software $39.05 $23.10 69%
6/21/13 Gogo  Technology Diversified Communication Services $24.80 $16.00 55%
10/25/13 CommScope Holding  Technology Communication Equipment $22.90 $14.99 53%
12/13/13 Nimble Storage   Technology Data Storage Devices $48.96 $33.93 44%
6/27/13 CDW Corp   Technology Information Technology Services $25.75 $18.37 40%
10/25/13 Endurance International Group Holdings  Technology Application Software $15.70 $11.25 40%
6/7/13 Textura    Technology Application Software $28.36 $20.94 35%
8/9/13 Cvent   Technology Application Software $43.68 $32.92 33%
11/7/13 Twitter   Technology Internet Information Providers $53.53 $44.90 19%
6/12/13 Gigamon  Technology Networking&Communication Devices $33.94 $28.47 19%
9/18/13 Benefitfocus  Technology Application Software $63.45 $53.55 18%
9/27/13 RingCentral  Technology Application Software $21.53 $18.20 18%
9/26/13 Premier  Technology Healthcare Information Services $34.69 $30.65 13%
4/12/13 Rally Software Development  Technology Application Software $19.00 $17.81 7%
8/2/13 Control4 Corporation    Technology Diversified Electronics $20.97 $20.50 2%
9/26/13 Covisint  Technology Application Software $11.41 $12.31 -7%
10/16/13 Veeva Systems  Technology Healthcare Information Services $32.43 $37.16 -13%
3/13/13 Silver Spring Networks  Technology Computer Based Systems $17.03 $22.00 -23%
7/26/13 Liquid Holdings Group  Technology Application Software $5.50 $7.64 -28%
3/22/13 Marin Software  Technology Application Software $10.78 $16.26 -34%
9/27/13 Violin Memory  Technology Data Storage Devices $4.19 $7.02 -40%
3/20/13 Model N  Technology Revenue Management $11.59 $19.98 -42%
6/27/13 Tremor Video   Technology Internet Software & Services $4.75 $8.50 -44%
5/9/13 CYAN   Technology Computer Integrated Systs Design $3.79 $11.14 -66%

Average % Change all 31 Technology


34%








Financial




4/3/13 Independent Bank Group  Financial Regional Banks $54.77 $29.36 87%
5/2/13 ING U.S.  Financial Asset Management $37.01 $20.84 78%
3/7/13 Artisan Partners Asset Management  Financial Asset Management $64.75 $38.83 67%
2/12/13 ConnectOne Bancorp  Financial Regional Banks $49.37 $29.65 67%
6/27/13 Silvercrest Asset Management Group Financial Asset Management $17.99 $11.83 52%
11/8/13 JGWPT Holdings  Financial Mortgage Investment $19.01 $12.82 48%
10/16/13 Springleaf Holdings   Financial Credit Services $27.96 $19.26 45%
5/10/13 First NBC Bank Holding  Financial Banks $32.90 $24.50 34%
10/31/13 Marcus & Millichap   Financial Real Estate Development $17.85 $13.42 33%
11/7/13 LGI Homes   Financial Real Estate Development $16.46 $12.90 28%
12/13/13 Fidelity & Guaranty Life  Financial Life Insurance $23.22 $18.86 23%
10/2/13 RE/MAX Holdings  Financial Property Management $31.79 $27.00 18%
5/9/13 TriState Capital Holdings  Financial Banks $14.06 $12.59 12%
4/19/13 Blackhawk Network Holdings   Financial Credit Services $27.53 $26.01 6%
2/15/13 XOOM  Financial Credit Services $25.08 $25.49 -2%
11/8/13 NMI Holdings  Financial Surety & Title Insurance $10.90 $14.00 -22%

Average % Change all 16 Financial


36%








Oil & Gas




5/9/13 Emerge Energy Services LP    Basic Materials Oil&Gas Equip&Services $46.00 $16.55 178%
1/15/13 USA Compression Partners, LP  Basic Materials Oil & Gas Pipelines $27.99 $11.66 140%
7/23/13 Phillips 66 Partners LP   Basic Materials Oil&Gas Refining&Marketing $47.11 $29.70 59%
5/14/13 Tallgrass Energy Partners, LP    Basic Materials Oil & Gas Pipelines $32.25 $21.50 50%
12/11/13 Valero Energy Partners LP  Basic Materials Oil & Gas Pipelines $38.71 $28.00 38%
8/2/13 Athlon Energy   Basic Materials Indpendent Oil & Gas $36.78 $27.56 33%
10/10/13 Western Refining Logistics, LP   Basic Materials Oil & Gas Pipelines $30.97 $24.10 29%
10/16/13 Plains GP Holdings, L.P.  Basic Materials Oil & Gas Pipelines $27.96 $22.00 27%
2/8/13 New Source Energy Partners L.P.  Basic Materials Independent Oil & Gas $23.35 $19.49 20%
10/10/13 Antero Resources  Basic Materials Oil&Gas Drilling&Exploration $61.24 $52.01 18%
11/7/13 Midcoast Energy Partners, L.P.   Basic Materials Independent Oil & Gas $20.08 $17.49 15%
7/24/13 Jones Energy  Basic Materials Independent Oil & Gas $15.86 $13.83 15%
12/13/13 Cheniere Energy Partners LP Holdings  Basic Materials Natural Gas Distribution $21.73 $19.22 13%
11/6/13 Arc Logistics Partners LP  Basic Materials Oil & Gas Pipelines $20.70 $19.00 9%
8/9/13 World Point Terminals, LP  Basic Materials Oil & Gas Pipelines $20.53 $19.56 5%
10/25/13 Sprague Resources LP  Basic Materials Oil&Gas Refining&Marketing $18.52 $17.75 4%
8/9/13 QEP Midstream Partners, LP  Basic Materials Oil & Gas Pipelines $22.01 $22.25 -1%
7/26/13 Marlin Midstream Partners, LP   Basic Materials Oil & Gas Pipelines $18.57 $19.50 -5%
1/17/13 CVR Refining, LP  Basic Materials Oil&Gas Refining&Marketing $21.76 $25.05 -13%

Average % Change all 19 Oil & Gas


33%








Services




7/19/13 RetailMeNot  Services Marketing Services $43.60 $27.70 57%
1/25/13 Bright Horizons Family Solutions  Services Personal Services $39.78 $28.32 40%
12/18/13 AMC Entertainment Holdings  Services Movie Production, Theatres $25.47 $18.90 35%
1/18/13 Norwegian Cruise Line Holdings   Services General Entertainment $33.37 $24.79 35%
6/27/13 HD Supply Holdings  Services Industrial Equipment Wholesale $24.23 $18.66 30%
12/12/13 ARAMARK Holdings  Services Specialty Eateries $29.19 $22.70 29%
3/22/13 West Corporation  Services Business Services $24.16 $18.86 28%
11/14/13 Houghton Mifflin Harcourt  Services Education & Training $19.25 $15.86 21%
9/20/13 ClubCorp Holdings  Services Sporting Activities $17.49 $14.50 21%
7/19/13 Diamond Resorts International  Services Lodging $19.38 $16.15 20%
11/13/13 Extended Stay America/ ESH Hospitality  Services Lodging $26.15 $23.87 10%
10/2/13 Burlington Holdings   Services Discount Variety Stores $26.57 $25.01 6%
12/12/13 Hilton Worldwide Holdings    Services Lodging $22.71 $21.50 6%
6/28/13 Noodles & Company  Services Restaurants $38.05 $36.75 4%
4/19/13 SeaWorld Entertainment   Services Sporting Activities $33.12 $33.52 -1%
8/1/13 Sprouts Farmers Markets  Services Grocery Stores $38.66 $40.11 -4%
11/1/13 Container Store Group    Services Specialty Retail $34.86 $36.20 -4%
9/20/13 Rocket Fuel    Services Advertising Agencies $52.08 $56.10 -7%
8/7/13 YuMe   Services Advertising Agencies $6.45 $9.00 -28%
10/9/13 SFX Entertainment    Services General Entertainment $8.48 $11.89 -29%
10/3/13 Potbelly Corporation  Services Special Eateries $21.00 $30.44 -31%
11/13/13 Chegg  Services Education & Training $6.38 $9.68 -34%
4/16/13 Fairway Group Holdings   Services Grocery Stores $8.10 $17.35 -53%

Average % Change all 23 Services


7%








Other Sectors




2/7/13 ExOne Company  (The)  Industrial Goods Diversified Machinery $44.92 $26.52 69%
1/18/13 SunCoke Energy Partners, L.P.  Basic Materials Nonmetallic Mineral Mining $30.77 $18.25 69%
4/18/13 Taminco    Basic Materials Specialty Chemicals $22.74 $14.55 56%
8/9/13 Stock Building Supply Holdings  Industrial Goods General Building Materials $20.96 $14.43 45%
7/25/13 WCI Communities  Industrial Goods Residential Construction $20.71 $15.12 37%
10/3/13 OCI Partners LP Basic Materials Chemicals-Major Diversified $25.47 $18.80 35%
3/28/13 Pinnacle Foods   Consumer Goods Food-Major Diversified $28.97 $22.21 30%
5/23/13 Global Brass and Copper Holdings  Industrial Goods Metal Fabrication $16.99 $13.55 25%
9/13/13 OCI Resources LP    Basic Materials Industrial Metals & Minerals $21.90 $18.00 22%
9/27/13 Pattern Energy Group  Utilities Diversified Utilities $27.90 $23.27 20%
7/18/13 UCP  Industrial Goods Residential Construction $16.75 $14.00 20%
5/16/13 William Lyon Homes  Industrial Goods Residential Construction $30.49 $25.50 20%
11/7/13 Norcraft Companies  Consumer Goods Home Furnishings & Fixtures $17.37 $15.50 12%
2/6/13 Boise Cascade, L.L.C.,  Industrial Goods Lumber, Wood Production $29.02 $26.15 11%
4/10/13 Taylor Morrison Home    Industrial Goods Residential Construction $25.17 $23.04 9%
8/8/13 Intrexon  Industrial Goods Diversified Machinery $26.72 $24.73 8%
8/2/13 Marrone Bio Innovations  Basic Materials Agriculture Chemicals $14.45 $13.75 5%
1/31/13 TRI Pointe Homes  Industrial Goods Residential Construction $18.08 $19.05 -5%
11/22/13 Vince Holding   Consumer Goods Textile-Apparel Clothing $26.49 $28.66 -8%
8/8/13 Fox Factory Holding   Consumer Goods Recreational Vehicles $17.00 $18.61 -9%
6/13/13 Coty   Consumer Goods Personal Products $15.62 $17.36 -10%
5/23/13 Ply Gem Holdings  Industrial Goods General Building Materials $13.11 $23.30 -44%

Average % Change all 22 Other Sectors


19%








Average % Change all 154 Non-REIT Companies


39%








REITs




4/18/13 Hannon Armstrong Sustainable Infrastructure Capital   Financial REIT-Diversified $14.63 $11.40 28%
8/1/13 American Homes 4 Rent   Financial REIT-Residential $17.32 $13.50 28%
10/9/13 QTS Realty Trust    Financial REIT-Industrial $25.79 $21.00 23%
10/2/13 Empire State Realty Trust  Financial REIT-Diversified $14.94 $13.10 14%
7/19/13 Physicians Realty Trust  Financial REIT- Healthcare Facilities $13.25 $11.67 14%
3/21/13 Aviv REIT Financial REIT-Diversified $25.09 $22.55 11%
1/18/13 CyrusOne  Financial REIT-Diversified $22.70 $21.20 7%
10/30/13 Brixmor Property Group  Financial REIT-Retail $21.66 $20.40 6%
7/19/13 Rexford Industrial Realty  Financial REIT-Diversified $14.44 $14.04 3%
12/12/13 CatchMark Timber Trust   Industrial Goods REIT $13.48 $13.50 0%
10/3/13 Cherry Hill Mortgage Investment  Financial REIT-Residential $17.90 $18.48 -3%
2/8/13 ZAIS Financial  Financial REIT-Diversified $17.53 $19.95 -12%
5/1/13 Ellington Residential Mortgage REIT    Financial REIT-Diversified $16.84 $19.21 -12%
5/8/13 Armada Hoffler Properties    Financial REIT-Diversified $10.05 $11.50 -13%
5/9/13 American Residential Properties   Financial REIT-Diversified $18.30 $21.00 -13%
3/22/13 Five Oaks Investment  Financial REIT-Residential $11.14 $14.50 -23%

Average % Change all 16 REITs



4%