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IPO Market Making a Comeback?

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  • Description

    Keating Capital CEO Tim Keating on companies going public this week.

  • Duration 2:46
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By below a drawn up therapeutics open for trading today five below soaring over 60% on the day.

Three -- -- go public tomorrow look at that good for investors there.

After the FaceBook debacle are we back on track in the IPO market joining us today is Tim Keating CEO -- happen all.

I'm.

A little bit frozen at least -- -- after -- happily FaceBook.

Things are a lot better today than there were six weeks go much improved environment.

So what changed really.

Well I think the I -- the IPO market we have we've had these windows of risk on risk off for the past few years.

FaceBook really scorch the earth and it takes time for so called ice breaking IPOs to come back and really open the market historically those IPOs have done very well and we had a batch just before July 4.

And now we have at least one very good one tonight.

Yes it did it change who would come to market successfully in the wake of FaceBook I mean despite blow is that it is that a closings -- what is Bible -- do again.

-- yup five below is a clothing store for twins.

So did it change who would successfully -- market.

Well I I think there's always an appetite for great growth companies.

Technology has continue to be a sector where -- generate a lot of interest.

FaceBook.

Really set us back a little bit but it's the same type of companies that are going public the past few years so high growth companies.

Are particularly in the tax -- are very popular with -- investors.

Tell me about the three that are coming public tomorrow and what's your -- on those fender is one of them obviously that's a name.

That's familiar to a lot of people it's really interesting that it would be going public now.

Yeah I mean fender is there's obviously an iconic brand and certainly.

That brand awareness.

Is always very important for successful stocks and successful IPOs.

It's it's obviously not the high growth story that something like kayak.

Or Palo -- network is so those are more traditional.

High growth tech stocks.

But there's nothing wrong with old fashioned consistent revenue and reliable earnings and that's something that.

Fender provides -- states would you say the IPO market is back.

I would there's there's really a couple of indicators that we look for three specifically that the most important indicator is actually for the IPO's themselves to be performing well.

So for example with today's action that's very positive.

Two weeks ago we had service now that's trading up about 40% so that's a very strong -- Second -- -- -- volatility index when that's down fall below twenty that creates the condition for investors come back on the market.

And third when the equity markets are performing at least OK that's the final ingredient to get a successful combination for IPOs.

Tim Keating thanks coming out.

My pleasure --

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