IPO Market Report for Q3 2018

In this edition of Value Reports we examined the IPO market in the 3rd quarter of 2018 and summarize the highlights

Using the Economatica system to filter through our comprehensive US financial data sets we discovered there were 52 IPOs in the third quarter of 2018.

Here are a few general observations about this group before diving into the details of the top and bottom performing new stocks for the third quarter of 2018:

· The majority of the third quarter IPOs were Manufacturers (26 or 50%)

· Finance and Insurance companies comprised the next largest group (8 or 15%)

· 17 or 33% of these new listings were foreign companies with China leading the group with 10 listings.

· 23 companies listed in September, 8 in August, and 21 in July.

· 39 companies (75%) were listed on NASDAQ while only 13 new issues (25%) were listed on the NYSE

The following table is a list of IPOs for the third quarter of 2018 sorted by the offering date.

IPOs for the third quarter of 2018

The chart below ranks the IPOs by quarter-end Returns compared to their IPO price, from best to worst performers. The chart highlights the best 10 and the worst 10 in the quarter.

The top 3 stocks launched in the 3rd Quarter of 2018 with the highest returns (versus the offering price) are Allakos (up 150%), Liquidia Technologies (up 149%), and Bloom Energy Corp (up 127%).

The bottom 3 stocks listed in the 3rd Quarter of 2018 with the lowest returns (versus the offering price) are Urovant Sciences (down 14%), Summit Wireless Technologies (down 14%), and Arlo Technologies (down 9%).

return 3rd Quarte IPOs

The chart below ranks the IPOs by quarter-end Returns compared to the close on the first trading day, from best to worst performers. The chart highlights the best 10 and the worst 10 in the quarter.

The best performing stock since its first trading day is Liquidia Technologies, which returned an impressive 147% in the quarter. On the flip side, the worst performing stock since its first trading day is First Western Financial which was down -11% for the quarter.

Return 3rd Quarter IPOs 2

In aggregate, in the first 9 months of 2018 we had 152 IPOs compared to 101 new issues in the same period for 2017. The highest number of IPOs was in June of 2018, with 29 new stocks making their debut.

number of IPOs

The Economatica system offers a range of sophisticated analytic tools and financial data on an easy to use online research platform that empowers asset managers, analysts, and other investment professionals to help you identify and examine potential opportunities. Ask us for a free trial today and learn how to make your own observations.

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