IPOs for Everyone
12 Secrets of Investing in IPOs
1st Edition
Published on 9. February 2001
Book
Hardback
320 pages
978-0-471-39915-5 (ISBN)
Description
Founders of Renaissance Capital and the IPO Aftermarket Fund get in on the cutting edge of today's economy
The business press has declared IPOs-Initial Public Offerings-dead seven times in the past ten years. Every time they've been wrong. Far from being deterred by the IPO obituaries, the authors of IPOs for Everyone show that these times in the IPO market consistently present the best buys. Once reserved for a select group of Wall Street pros, there are now many opportunities for individual investors to take advantage of in the IPO groundswell. IPOs have become a must have for investors who wish to diversify their portfolio. IPOs for Everyone, reveals the twelve secrets used by the founders of Renaissance Capital, the leading IPO research and money management firm, to pick a winning IPO investment. This timely book provides the inside knowledge that investors must have to play the volatile IPO market successfully, including: finding the best companies on the block, getting favorable pricing and seeking out buying opportunities in the aftermarket.
The business press has declared IPOs-Initial Public Offerings-dead seven times in the past ten years. Every time they've been wrong. Far from being deterred by the IPO obituaries, the authors of IPOs for Everyone show that these times in the IPO market consistently present the best buys. Once reserved for a select group of Wall Street pros, there are now many opportunities for individual investors to take advantage of in the IPO groundswell. IPOs have become a must have for investors who wish to diversify their portfolio. IPOs for Everyone, reveals the twelve secrets used by the founders of Renaissance Capital, the leading IPO research and money management firm, to pick a winning IPO investment. This timely book provides the inside knowledge that investors must have to play the volatile IPO market successfully, including: finding the best companies on the block, getting favorable pricing and seeking out buying opportunities in the aftermarket.
Reviews / Votes
TODAY'S IPOs ARE PRICED TO MOVEThe truth is that if you're not a big-money player who can flip a new issue fast, IPOs
are rarely good bets. But that may be changing.
Maybe the only job tougher right now than being Bill Clinton's spokeswoman is selling new stock on Wall Street. In the first two months of 2000, there were 70 initial public offerings. So far this year? Nine, a low not scraped since 1979. Five of these new stocks are already under water-cold certification that so far, 2001 is an IPO bear market.
What should you make of this? If you've ever wanted to buy a new issue, now's the time to get serious. For prospective IPO buyers, "this really is the best time, because there is no competition for these deals," says Linda Killian, a partner at IPO investing boutique Renaissance Capital and co-author of the new book IPOS for Everyone, "They get priced to move.". . .
--by Robert Barker, BusinessWeek
More details
Persons
LINDA R. KILLIAN, CFA, has nearly two decades of investment management and equity research experience. Prior to founding Renaissance Capital, she was a portfolio manager and analyst with Citicorp Investment Management and Wertheim Schroder.
KATHLEEN SHELTON SMITH has spent over twenty years working with IPOs as an investment banker and portfolio manager. Prior to founding Renaissance Capital, she was a director of Merrill Lynch Capital Markets' Technology and Emerging Growth Investment Banking Group.
WILLIAM K. SMITH is a founder and portfolio manager of Renaissance Capital. He was a senior investment banking executive with Kidder Peabody and Bear Stearns. He is the author of the book Strategic Growth Through Mergers and Acquisitions.
RENAISSANCE CAPITAL, located in Greenwich, Connecticut, runs the IPO+ Aftermarket Fund, the first mutual fund focused on IPOs. For up-to-the-minute information on IPOs, visit Renaissance Capital's Web site: www.IPOhome.com.
KATHLEEN SHELTON SMITH has spent over twenty years working with IPOs as an investment banker and portfolio manager. Prior to founding Renaissance Capital, she was a director of Merrill Lynch Capital Markets' Technology and Emerging Growth Investment Banking Group.
WILLIAM K. SMITH is a founder and portfolio manager of Renaissance Capital. He was a senior investment banking executive with Kidder Peabody and Bear Stearns. He is the author of the book Strategic Growth Through Mergers and Acquisitions.
RENAISSANCE CAPITAL, located in Greenwich, Connecticut, runs the IPO+ Aftermarket Fund, the first mutual fund focused on IPOs. For up-to-the-minute information on IPOs, visit Renaissance Capital's Web site: www.IPOhome.com.
Content
Exhibits.
Introduction.
How the IPO Market Works.
The Way Wall Street Works: Why You Can't Get IPOs and What You Can Do about It.
How to Have IPO Intelligence.
Mining the IPO Prospectus.
What Makes a Good IPO.
How to Avoid Bad IPOs.
Internet and Technology IPO Basics.
The Potential of Global IPOs.
How Management Helps or Hurts an IPO.
How to Trade IPOs.
The Sustainability of IPOs.
Finding the Right Resources.
Appendix A: Directory of Underwriters.
Appendix B: Top 25 IPO Underwriters.
Appendix C: A Short History of IPOs.
Glossary of IPO Terms.
Index.
Introduction.
How the IPO Market Works.
The Way Wall Street Works: Why You Can't Get IPOs and What You Can Do about It.
How to Have IPO Intelligence.
Mining the IPO Prospectus.
What Makes a Good IPO.
How to Avoid Bad IPOs.
Internet and Technology IPO Basics.
The Potential of Global IPOs.
How Management Helps or Hurts an IPO.
How to Trade IPOs.
The Sustainability of IPOs.
Finding the Right Resources.
Appendix A: Directory of Underwriters.
Appendix B: Top 25 IPO Underwriters.
Appendix C: A Short History of IPOs.
Glossary of IPO Terms.
Index.