Wednesday, March 12, 2014

Michigan IPOs During Obama: 6 Companies Up 55% Over 21 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 6 Michigan 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 6 Michigan Companies had their average stock market price increase by a very impressive 55% over a very short 21 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 6 Michigan Companies:

1st Day

3-12-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

Michigan IPOs During Obama

11/17/11 Delphi Automotive PLC   Troy Consumer Goods Auto Parts $67.17 $21.33 215%
10/15/10 Tower International  Livonia Industrial Goods Metal Fabrication $27.01 $13.00 108%
6/26/13 Esperion Therapeutics  Plymouth Health Care Biotechnology $17.59 $14.50 21%
11/18/10 General Motors Company  Detroit Consumer Goods Auto Manufacturers-Major $34.86 $34.19 2%
2/12/14 Talmer Bancorp  Troy Finance Bank $13.68 $13.80 -1%
9/26/13 Covisint  Detroit Technology Application Software $10.36 $12.31 -16%

Average % Change all 6


Average Number of Months 6 Stocks Traded 21