Wednesday, March 12, 2014

South Dakota IPOs During Obama: 1 Company Down 5%

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there was 1 South Dakota Company IPO so far during the Obama Administration.....from Jan 2009 through Feb 2014..... where the Company has its common stock still trading now and it also has a Market Capitalization of more than $100 mil presently.
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.

This South Dakota Company filing an IPO experienced a 5% decline through March 11, 2004.  However, this Company is an REIT, which is unlike other common stocks since to retain its tax-exempt status, it must distribute each year at least 90% of its taxable income.

Below here are the stock market prices on the most recent date March 11, 2014 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 this 1 South Dakota Company:

1st Day

3-11-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

2/9/11 Summit Hotel Properties  Sioux Falls Financial REIT-Hotel/Motel $9.22 $9.69 -5%