High-Profit IPO Strategies

InhaltsangabeTypically generating a great deal of interest, excitement, and volatility, initial public offerings (IPOs) provide investors and traders with excellent opportunities for both short- and long-term profits. Nobody understands this better than author Tom Taulli. As an IPO expert involved in the financial markets for over fifteen years, he knows what it takes to make it in this field, and now, with the Third Edition of High-Profit IPO Strategies, he returns to share his extensive experiences with you. While the past decade has seen two recessions and a serious financial crisis, there have still been standout public offerings, such as Google or Salesforce.com. And many of the top deals were not necessarily tech companies either. Just look at the IPOs of Chipotle and Buffalo Wild Wings. In the Third Edition of High-Profit IPO Strategies, Taulli skillfully details the essential elements of IPO investing and trading, and puts you in a better position to find companies like these--companies that are poised to prosper. Fully updated and expanded to reflect today's dynamic IPO market, this reliable resource outlines the strategies you'll need to succeed within it and offers valuable insights on developing the patience and discipline to effectively navigate the uncertainties that come with the territory. Divided into four comprehensive parts, the Third Edition of High-Profit IPO Strategies: * Opens by addressing the fundamentals you need to be familiar with--from how the IPO process works to the various ways to get shares * Digs deep into the issues of research, risk, and strategies--from utilizing online resources like EDGAR and RetailRoadshow and making sense of the prospectus to spotting potential risk factors and implementing strategies that can be applied across numerous industries * Covers the many sectors of the IPO market, including tech, biotech, financial services, retailers, energy operators, and real estate investment trusts (REITs) * Looks at specialized transactions such as spin-offs and fad IPOs, and discusses areas of emerging interest like secondary markets Comprehensive in scope, the Third Edition of High-Profit IPO Strategies is a proven guide that will allow investors and traders to turn the potential of IPOs into profits.

InhaltsangabeForeword xiii Introduction xv PART I: IPO FUNDAMENTALS CHAPTER 1 Getting IPO Shares 3 Risk 4 The Calendar 4 Online Brokers 5 Build Relationships with the Syndicate Firms 8 Dutch Auction 8 Buy on Secondary Markets 10 Private Placements 10 IPO Mutual Funds 10 Directed Share Program 11 FollowOn Off erings 11 Direct Public Off erings 12 IPOs to Avoid 13 Conclusion 14 CHAPTER 2 IPO Basics 15 Why Do Companies Go Public? 15 Reasons Not to Go Public 19 JOBS Act 23 Cast of Characters 23 Conclusion 27 References 27 CHAPTER 3 IPO Process 29 Laws That Impact IPOs 29 Steps of the IPO Process 30 Conclusion 38 PART II: IPOs FOR INVESTORS CHAPTER 4 Finding the Best IPO Information 41 Information to Get Your Feet Wet 42 InDepth IPO Information 43 Other IPO Information Resources 45 Conclusion 47 CHAPTER 5 Making Sense of the Prospectus 49 Getting a Copy of the Prospectus 50 Main Sections 50 Front Matter 52 Graphic Material 54 Qualification Requirements 55 Prospectus Summary 56 Risk Factors 58 Letter from Our Founder 59 Market Data and User Metrics 60 Use of Proceeds 60 Dividend Policy 61 Capitalization 61 Dilution 62 Selected Consolidated Financial Data 62 Management's Discussion and Analysis of Financial Condition and Results of Operations 62 Business 63 Management 63 Executive Compensation 64 Certain Relationships and Related-Person Transactions 65 Principal and Selling Stockholders 65 Description of Capital Stock 66 Shares Eligible for Future Sale 66 Index to Consolidated Financial Statements 67 Miscellaneous Sections 67 Conclusion 67 CHAPTER 6 Balance Sheet 69 Some Fundamentals 69 Balance Sheet Overview 71 The Assets 73 The Liabilities 78 Conclusion 81 CHAPTER 7 Income Statement 83 Management's Discussion and Analysis of Financial Condition and Results of Operations 84 Conclusion 91 CHAPTER 8 Statement of Cash Flows 93 Background 93 Focus on Operating Cash Flows 96 Free Cash Flow 97 Stock Options 98 Factoring 98 Footnotes 98 Fraud and Misrepresentation 99 Conclusion 100 CHAPTER 9 Risk Factors 101 Inexperienced Management Team 101 Need for More Financing 102 Legal Proceedings 103 Market and Customer Base 104 Going Concern 104 Competition 105 DualShare Structure 106 CEO Dependence 107 Reliance on the Government 108 Unproven Business Model 109 Limited History of Profi table Operations 109 Small Market Potential 110 Cyclical Businesses 111 Conclusion 111 CHAPTER 10 IPO Investment Strategies 113 Neighborhood Investing 113 Invest in What You Know 114 Study Mutual Fund Holdings 114 Strong Backers 115 Analyst Coverage 115 IPO Rules of Thumb 116 Buy on the Opening or Wait for the Lockup to Expire? 117 Buying on Margin 118 Options 118 Conclusion 122 CHAPTER 11 Short Selling IPOs 123 How Short Selling Works 123 Risks of Short Selling 126 Taxes 127 Finding IPOs to Short 127 Conclusion 128 PART III: IPO SECTORS CHAPTER 12 Tech IPOs 131 The Cloud 131 Social Networking 133 Mobile 135 Marketplaces 136 Security 136 Big Data 137 Evaluating a Tech IPO 138 Conclusion 140 Reference 140 CHAPTER 13 Biotech IPOs 141 FDA Approval 143 Analyzing Biotech IPOs 144 Conclusion 147 References 148 CHAPTER 14 Finance Sector IPOs 149 Banking 149 Asset Managers 152 Private Equity Firms 153 Online Brokerages 154 Insurance 155 Specialized Online Financial Services 156 Conclusion 157 References 158 CHAPTER 15 Retail Sector IPOs 159 Brand 159 Disruptive Threats 160 Major Consumer Changes 161 Timing 161 Check Out the Store 162 Financial Metrics 163 Narrow Base 163 Conclusion 164 References 164 CHAPTER 16 Foreign IPOs 165 Advantages of Foreign IPOs

Leseprobe