Thursday, March 13, 2014

Louisiana IPOs During Obama: 2 Companies Up 30% Over 14 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 2 Louisiana 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 2 Louisiana Companies had their average stock market price increase by a very impressive 30% especially given that it was over an extremely short 14 month average period of time that their common stocks traded through the most recent date March 12, 2014.  

Below here are the stock market prices on the most recent date March 12, 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 2 Louisiana Companies:

3-12-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

Louisiana IPOs During Obama

5/10/13 First NBC Bank Holding  New Orleans Financial Banks $32.88 $24.50 34%
4/27/12 Edgen Group  Baton Rouge Services Wholesaler $12.00 $9.50 26%

Average % Change all 2


Average Number of Months 2 Stocks Traded14