More 2006 Trends and Summaries

I always find it useful to take a look at data and synthesize trends from them. So here are a few pointers to good data sources:

IPO Home does a good overview article on 2006 IPOs. After a couple of years of a lack of interest in technology, WAN optimization vendor Riverbed Technologies topped the best performing US IPO list.

Not surprisingly, one of the year’s most hyped IPOs, voice-over IP (VoIP) service provider, Vonage Holdings, went public in May at $17 per share and immediately plummeted to only a fraction of its offer price. An expected disaster.

The top 3 Chinese IPOs show some interesting trends as well:

– 10/25/06 Home Inns & Hotels Management Leading Chinese economy hotel chain with 107 hotels in 31 cities in China. Consumer 172%
– 9/6/06 New Oriental Education The largest provider of private education services in China. Business Services 124%
– 12/18/06 Fuwei Films (Holdings) Manufactures plastic film for the packaging, imaging, electronics and electrical industries. Materials 91%

The top venture-backed company IPOs are as follows:

– 9/20/06 Riverbed Technology Develops high-performance appliances for optimizing wide area networks (WANs). Computers-Local Networks 215%
– 6/27/06 Omniture Provides on-demand web analytic software to more than 1,300 customers worldwide. Comp-Internet-Software 117%
– 12/14/06 Isilon Systems Provides next-generation clustered storage systems for digital content. Computers-Integrated Syst 111%
– 6/20/06 Techwell A fabless designer of mixed-signal integrated circuits for video applications. Elec-Semiconductors Mfg 78%
– 6/14/06 Houston Wire & Cable Co. A major specialty wire and cable distributor to the U.S. maintenance & repair market. Elec-Misc Parts 61%

Note: No Consumer Internet IPOs yet, because that market was dead until 2005.

The biggest IPOs, however, were all Private Equity IPOs:
– 5/24/06 MasterCard Incorporated Leading global provider of credit and debit card services for 25,000 financial institutions. $39.00 62 million $2.4 billion 153%

– 11/20/06 Spirit AeroSystems Holdings A designer and manufacturer of aerostructures for Boeing and Airbus. $26.00 55 million $1.4 billion 29%

– 10/23/06 Douglas Emmett Owns high-quality commercial and multifamily properties in Los Angeles and Hawaii. $21.00 66 million $1.4 billion 27%

– 11/15/06 Hertz Global Holdings Leading car and equipment rental operator. $15.00
88 million $1.3 billion 16%

– 12/18/06 Melco PBL Entertainment Developing three casino gaming and entertainment resorts in Macau. $19.00 60 million $1.1 billion 12%

[More readable tables at IPO Home]