Manchester United IPO

 

Manchester United IPO Soaring

 
manchester united IPO Manchester United IPOHere at PSE we often provide color on new issues and secondary offerings, and despite the fact that the newsy Manchester United IPO will be listed in Singapore, we still feel that it merits attention despite the deal not being approved yet.
 
About a week ago Manchester United reported record revenues and profits. Man U earned $217.6 million on revenues of $604.8 million. Debt has always been a concern for Manchester United and the Glazer family, but the net debt fell to $604.8 million.
 
Manchester United initially was formed in 1878 as the Newton Heath LYR Football Club. The club underwent a name change in 1902 to Manchester United, and now is arguably the most popular soccer team in the world.
 
In 1991, Manchester United went public on the LSE, and in a controversial 2005 deal, the team was acquired by Malcom Glazer for roughly $1.3 billion.
 

Manchester United IPO Increases Revenues

 
Now it seems as if the Glazer family is about to take advantage of the clubs popularity and it’s fan base that some consider to exceed 300 million people. Pending approval, the Manchester United IPO will have a two tier structure, with both voting and non voting shares.
 
Proceeds from the Manchester United IPO will be used to reduce debt and expansion in Asia.
 
At this point there are really no reads on how the deal will trade, but it wouldn’t be a surprise if the debt ridden Manchester United IPO did reasonably well during the first day because of the novelty to Asian investors. Just keep in mind that the clubs 1991 offering didn’t go so well. Back then, shares of Man U were down sharply after it’s first month of trading. This might surprise some U.S. investors because of the lack of publicly traded sports teams in America. However, sports clubs are common in Europe. Teams like Arsenal, Tottenham Hotspur and Lazio are just some examples of publicly traded sports teams.
 
Now here is the real question for U.S. IPO buyers. Can they get shares of the Manchester United IPO ? Probably not, and the reason is quite simple. Very few U.S. retail investors have international brokerage accounts. However, there can be access in the aftermarket through your local broker.Check out Manchester United IPO.
 
So stay tuned for more color on the Manchester United IPO, and it it trades, we will try to issue some aftermarket updates as well.

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Zynga IPO Plays under $6

Zynga IPO


Here are a few names that all trade under $6 that could potentially attract some attention because of the massive interest in the Zynga IPO.

Glu Mobile (GLUU:NASDAQ) This small cap gaming play has been a volatile trading stock for many, and a speculative core holding for others. The company has published games like Call of Duty and Guitar Hero 5 on mobile phones and tablets. GLUU has a small market cap and has been a takeover rumor stock recently. GLUU’s valuation is often brought up frequently in relation to the Zynga IPO.

Mad Catz Interactive (MCZ:AMEX) This Amex penny stock basically produces controllers and other accessories for the gaming industry. MCZ also has a strong relationship with Microsoft (MSFT:NASDAQ). MCZ doesn’t necessarily have the hottest story in relation to true gaming plays, and maybe that is why shares are trading away from 52 week highs. Although, I would still add MCZ to your AMEX best penny stocks to buy watch list.

Cascadia (CDIV:PK) We have touched on this zombie stock many times here at PSE. At this point, there is no Zynga play on this once heavily traded penny stock. There is far too much negativity surrounding CDIV shares since it’s recent halt of trading. Some former CDIV longs could get sucked back in, but you shouldn’t be one of them. Even the Zynga IPO probably can’t help this one.

Majesco Entertainment (COOL:NASDAQ) Majesco is always mentioned when social media stocks come into play and the stock has made a major reversal off of it’s 52 week low. COOL has a small market cap and is already profitable which obviously raises the comfort level of speculative investors. The next earnings release is not until the fall, so getting the typical gaming stock sell off on earnings is off the table for now.

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Summer IPO Market

IPO Market this Summer


As many of our followers know, we often provide color on many upcoming offers in the IPO market. Today, we are going to alert you to five new offerings that are or will become extremely newsworthy in the near future.

Groupon (GRPN:NASDAQ) This web commerce company is slated to float $750 million in stock. Right now, the prospects for Groupon to trade at a premium remain stable, despite conflicting opinions on fundamentals. Goldman, Morgan Stanley and CS First Boston will act as the leads, so allocations should be very small for retail. The trade date is still undetermined, but we wouldn’t be surprised if the deal is consummated in the near futue.

Toys R Us (TOYS:NASDAQ) This is a company that obviously has name recognition, and a great brand often helps aftermarket performance. However, TOYS is a private equity deal and similar selling shareholder deals have done poorly in the last year. At this point, TOYS has an all star group of underwriters, who are expecting to raise $800 million. Keep in mind that at this point, many IPO services are only look for a small premium on the open.

Dunkin Brands IPO (DNKN:NASDAQ) The company who owns Dunkin Doughnuts and Baskin Robbins is also a private equity deal, but DNKN seems to have a ton of interest, especially from retail investors. Dunkin Brands is looking to raise $400 million and by most accounts the deal is expected to have a nice first day pop. JP Morgan, Barclays, Morgan Stanley, BAC and Goldman are at the top of the books and allocations will obviously be tight. Morgan and BAC might be the retail investors best shot at a small allocation.

Zynga IPO – This could be the most anticipated in the IPO market since Google because of the large amount of revenues that Zynga generates. They also have a loyal user base and have developed addictive games like Farmville and Cityville. The relationship with Facebook remains a question with institutional investors, but probaby won’t interfere with the IPO being oversubscribed at epic proportions.

Zillow- This web based real estate information company is another in the IPO market with limited information. The stock symbol and trading date are yet to be determined, but it would surpise very few if Zillow traded before Labor Day. The offering will be small and Smith Barney will be acting as lead. Most feel Zillow will be extremly oversubscribed.

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Pandora IPO

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***Pandora IPO UPDATE***


As most of you know, we have seen a slew of red hot, tech related IPO‘s in the past few months. In the next few months we could see even more, easpecially if companies like Groupon, Twitter and Facebook come to market. Facebook alone could rise the tide of the entire NASDAQ and provide some cover for lesser internet related IPO’s to suddenly become successful if the mania continues.

However, yesterday we were told a different story. The Oakland based internet radio company Pandora (P:NYSE) opened up at a large premium after being priced at $16. Now at the time of this entry, the shares have fallen below the IPO price, and that is generally not a good sign going forward. Chinese internet company Renren (RENN:NASDAQ) has recently been the latest example of a super hot IPO that’s fallen from high’s. Returns for some investors who have bought RenRen are similar to a penny stock trade gone. Shares of RENN are currently below $8.

Now the Pandora IPO might be in a similar situation since the stock price is below $16 for two reasons. Many traders will take a flier on quality IPO in the aftermarket, when shares get close to the offering price. They then set tight stop orders, but once those stops are run, the trade often becomes broken for the short term, and the bloom is off the rose. Other investors who have a longer time horizon all of a sudden become bargain hunters and shy away from broken IPO’s until they become so cheap, that they are almost forced to buy them. In simpler terms, buyers are looking for a deal, this factor is magnified in uncertain markets like we are in presently. At this point it doesn’t look like Pandora is at bargain basement levels yet, especially with their valuation concerns. Remember that the shorts can’t get borrows yet, So being a hero at these levels might unwise.

See original Pandora IPO story below

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Pandora IPO, Buying Opportunity or Not ?


pandora ipo Pandora IPOPandora IPO (P:NYSE) came public today and became the latest internet based company to launch a successful IPO. The internet sector has shown us two incredibly hot deals recently, Yandex (YNDX:NASDAQ) being one and LinkedIn IPO (LNKD:NASDAQ) being the other. Both YNDX and LNKD skyrocketed on the first day of trading, only to fall back in subsequent sessions.Will Pandora lapse as well ? Maybe and here is why.

Market conditions were much more favorable when YNDX and LNKD first traded. The current turmoil we are currently seeing in Europe, could weigh on stocks and especially high beta names like Pandora. There are also the usual valuation concerns regarding this hot Pandora IPO. At today’s current share price, the Oakland based internet radio company. is trading at more than 20x sales.

How soon will the Pandora IPO become profitable?

Now on a growth basis Pandora is very impressive. For the quarter ending in April, Pandora’s revenue grew to 51 million. Pandora also added 12 million new subscribers since January. However, figuring out how to monetize this growth is the million dollar question. During the same time period Pandora lost $9.1 million, and during an interview with CNBC today, CEO Joe Kennedy seemed some what vague, didn’t offer any guidance and wouldn’t predict when Pandora would become profitable.

With these facts in mind, a market reversal to the upside on Thursday could temporarily put Pandora, back in favor, but based on recent IPO trading trends, it’s probably safe to say that the shares could drift lower. Shares of Pandora were priced well above the range today at $16 and traded as high as $26, only to fall back below $19 at the time of this entry. Now there could very well be some traders who come in near the close and buy shares, hoping for positive news from Greece, a good market on Thursday and a gap up in Pandora shares. On the flip side, there are cautious investors who are looking for Pandora to test the issue price of $16 before stepping in.

To me this is just another example of why the sidelines are often better. If Pandora IPO breaks issue price this one could get ugly as other broken IPO’s often do.

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Dunkin’ Brands IPO Impacts JAMN?

Dunkin’ Brands DNKN, JAMN?


Last week we saw Dunkin’ Brands who happens to be the parent company of Dunkin’ Donuts and Baskin Robbins announce their intentions of going public. There is a large early buzz going around on the deal and most analysts feel that shares of Dunkin’ Brands (DNKN: NASDAQ) will be heavily oversubscribed due to the brands cult like following.

dunkin brands Dunkin Brands IPO Impacts JAMN?Coffee stocks are extremely hot right now and this recent sector move has dripped down (no pun intended) from large caps like Starbucks (SBUX:NASDAQ) to penny stocks like Jammin Java (JAMN:OTCBB). The success in this space is obviously a factor in DNKN launching it’s IPO after private equity juggernauts like Bain Capital, The Carlyle Group and Thomas H. Lee Partners took the company private in 2005 for $2.4 billion.

How will the hype surrounding DNKN in the next few days impact JAMN? In the last couple of weeks JAMN went from an obscure, unknown company to perhaps one of the best performing penny stocks in the market. While you will continue to see macro industry comparisons in relation to JAMN, most will admit on a fundamental basis that shares of JAMN are very expensive in relation to it’s peer’s.

Many penny stock investors are using JAMN as a pure trading vehicle. Consequently, the more hype you see surrounding Dunkin Brands, the more chatter you will see surrounding JAMN. Will this impact the stock price? At this point it’s hard to tell. We have always preached preparation to our readers and subscribers so use this news tidbit is just another arrow to put in your quiver. We will constantly monitor the news flow on DNKN and keep JAMN on our constantly growing penny stock list.

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