IPO Checkup: Wingstop Inc., Axovant Sciences Ltd., and Fitbit

After impressive debuts for WING and AXON, FIT is expected to dominate IPO headlines

Jun 16, 2015 at 3:25 PM
facebook twitter linkedin

It has been a nice couple of weeks for initial public offerings (IPOs) on the Street, what with the likes of Wingstop Inc (NASDAQ:WING) and Axovant Sciences Ltd (NYSE:AXON) debuting – and debuting rather well. After pricing its IPO at $19 per share Thursday night, WING moved as high as $31.99 on Friday, and was last seen near $29.90. How much money was made on WING's IPO? Just ask Troy Aikman. (Seriously, read that headline again; that's rather impressive. When asked for a comment on the situation, Aikman responded, "I played football?")

AXON did not want to be outdone – raising $315 million, which was more than the firm expected. AXON priced at $15 per share last week, rose as high as $31.17 in its first session, and is currently trading above $22.

Despite two impressive IPOs, it certainly appears that investors' appetite for debuts has not been sated. In fact, nearly a dozen companies are set to go public this week, according to Renaissance Capital, and 10 companies expected to price next week.

Fitbit (FIT) is set to price late tomorrow, and the tech firm raised the price of its IPO 38% above its previous range. Originally the fitness firm expected $448.5 million from its IPO, but this morning's news tagged an IPO at $621 million. In fact, according to the article, this IPO should see FIT top GoPro Inc's (NASDAQ:GPRO) IPO -- the first in the "wearable sector" -- likely to the dismay of  rival Jawbone

FIT isn't alone -- home-safety concern Alarm.com (ALRM) has garnered a good amount of attention after filing for its IPO. The firm is looking to raise $98 million, and ALRM will soon debut along with TransUnion Holding (TRU) and Glaukos (GKOS).

If these four stocks aren't enough, keep an eye peeled for IPOs from Univar (UNVR) and 8Point3 Energy Partners (CAFD) -- the partnership between First Solar, Inc. (NASDAQ:FSLR) and SunPower Corporation (NASDAQ:SPWR)


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report


Special Offers from Schaeffer's Trading Partners