Friday, March 14, 2014

Connecticut IPOs During Obama: 10 Companies Up 36% Over 30 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 10 Connecticut Companies filing IPOs so far during the Obama Administration .....from Jan 2009 through Feb 2014..... which have a Market Capitalization of more than $100 mil presently or were sold for at least that amount.
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.

These 10 Connecticut Companies had their average stock market price increase by an impressive 36% over a short 30 month average period of time that their common stocks traded through the most recent date March 13, 2014.

SS&C Technologies Holdings, an exceptionally well run Business Software and Services Company serving the financial industry, had its stock market price increase by a huge 171% and was the driver of this overall average 36% growth.  SS&C  Technologies was founded by Evansville, IN native Bill Stone, who is its current CEO.  Stone has given back to where he was born and raised by substantially adding many high paying jobs to Evansville.  Some CEOs are pretty cool. 

Below here are the stock market prices on the most recent date March 13, 2014 or the date the Company was sold and also at the close on the first day of the IPO, as well as the related % Market Price Change for this period of time, for these 10 Connecticut Companies:

1st Day

3-13-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

Connecticut IPOs During Obama

3/31/10 SS&C Technologies Holdings  Windsor Technology Business Software & Services $40.91 $15.08 171%
7/26/12 Northern Tier Energy  Ridgefield Basic Materials Oil&Gas Refining&Marketing $26.76 $14.16 89%
7/27/11 Tangoe  Orange Technology Business Software & Services $16.81 $11.65 44%
1/31/14 Cara Therapeutics  Shelton Health Care Biotechnology $18.43 $12.91 43%
7/28/11 Chefs Warehouse Holdings  Ridgefield Services Food Wholesale $21.43 $17.50 22%
7/20/12 KAYAK Software  Norwalk Technology Application Software $40.00 $33.18 21%
8/11/09 Starwood Property Trust  Greenwich Financial REIT-Diversified $23.59 $20.00 18%
10/8/10 Ellington Financial LLC  Old Greenwich Financial Mortgage Investment $23.98 $21.75 10%
5/1/13 Ellington Residential Mortgage REIT    Old Greenwich Financial REIT-Diversified $17.51 $19.21 -9%
6/17/10 Higher One Holdings  New Haven Services Business Services $7.55 $14.27 -47%

Average % Change all 10


Average Number of Months 10 Stocks Traded 30