IPO Industry Breakdown
SPAC: 27.9 %
IPO Date Company Name Ticker Deal Size Return
08/11/08 Chardan 2008 China Acquisition CACAU $55.0 mm -18.8 %
SPAC led by the owner and CEO of Chardan Capital Markets which will focus on businesses with primary operations in China
7/23/08 North Asia Investment Corporation NHR-U $50.0 mm -15.0 %
SPAC intending to focus on businesses with principal operations in Asia, with emphasis on South Korea and China. Chairman and CEO Thomas Chan-Soo Kang is also Chairman and CEO of private equity firm Kang & Co.
06/25/08 Navios Maritime Acquisition NNA-U $220.0 mm -11.6 %
SPAC sponsored by drybulk shipper Navios Maritime (NYSE: NM) which intends to focus on the marine transportation and logistics industries.
2/26/08 BPW Acquisition Corp. BPW-U $350.0 mm -6.0 %
SPAC intending to focus on the financial services or business services industry. Chairman and CEO Michael Martin is a former Vice Chairman and Managing Director of UBS Investment Bank.
02/14/08 GHL Acquisition Corp. GHQ-U $400.0 mm -8.0 %
A blank check company with a management team from Greenhill Capital Partners, an investment bank and the company's founding stockholder.
1/30/08 Overture Acquisition NLX-U $150.0 mm -10.0 %
A SPAC sponsored by John F.W. Hunt, founder or co-founder of six different companies including Oriel LLC and The Seattle Coffee Company.
01/24/08 Atlas Acquisition Holdings AXG-U $200.0 mm -8.9 %
A newly formed blank check company whose CEO, James Hauslein, was chairman of Sunglass Hut International between 1991 and 2001.
1/24/08 Trian Acquisition I Corp. TUX-U $800.0 mm -7.0 %
SPAC with management team that has previously owned and operated companies including Triangle Industries, Snapple Beverage Group and Arby's Restaurant Group.
01/18/08 Sapphire Industrials Corp FYR-U $800.0 mm -7.4 %
SPAC with current Vice Chairman of Lazard International, Donald Drapkin, serving as Chairman, CEO and President.
1/18/08 Sports Properties Acquisition Corp. HMR-U $200.0 mm -9.9 %
A newly formed blank check company that intends to invest in the sports, entertainment or leisure industries. Its CEO Tony Tavares is the former CEO of global venue management company SMG; he also has served as President of several MLB franchises and was previously CEO of Disney Sports Enterprises. Baseball legend Hank Aaron and former New York Governer Mario Cuomo are on the board of the directors.
01/16/08 Asia Special Situation Acquisition Corp. CIO-U $100.0 mm -9.0 %
A blank check company intending to focus on the leisure and hospitality or financial services industries in China. The company's Chairman and CEO, Angela Ho, served as a director of pharmaceutical company BioSante between 1996 and 2001.
1/14/08 Polaris Acquisition TKP-U $150.0 mm -9.9 %
A newly formed blank check company with a management team experienced in consumer marketing.
Total Number: 12 Total Proceeds: $3.5 bil Average Return: -10 %
Energy: 16.3 %
IPO Date Company Name Ticker Deal Size Return
07/23/08 GT Solar International SOLR $500.0 mm -75.8 %
Provides manufacturing equipment and services to the solar energy industry.
5/8/08 Western Gas Partners L.P. WES $309.4 mm -10.9 %
Midstream natural gas L.P. formed by Anadarko.
05/07/08 Real Goods Solar RSOL $55.0 mm -63.3 %
A leading residential and commercial solar energy systems integrator.
4/30/08 Pioneer Southwest Energy Partners PSE $156.8 mm -26.3 %
An L.P. formed to own and acquire oil and gas properties in Texas and New Mexico.
04/24/08 Whiting USA Trust I WHX $217.0 mm -40.0 %
Owns a 90% net profit interest in certain Whiting Petroleum (WLL) properties.
1/28/08 ReneSola SOL $130.0 mm -60.4 %
A Chinese manufacturer of silicon wafers used in the production of solar cells.
01/17/08 Williams Pipeline Partners WMZ $325.0 mm -20.9 %
Owns and operates natural gas transportation and storage assets.
Total Number: 7 Total Proceeds: $1.7 bil Average Return: -43 %
Health Care / Biotech: 9.3 %
IPO Date Company Name Ticker Deal Size Return
03/18/08 CardioNet BEAT $81.0 mm 36.5 %
Provides real-time wireless monitoring devices to detect cardiac arrhythmias.
2/18/08 BioHeart BHRT $5.8 mm -80.0 %
A biotechnology company focused on using cells derived from a patient's body for treatment of heart damage.
02/14/08 MAKO Surgical MAKO $51.0 mm -31.7 %
Offers a robotic medical device and implants for orthopedic knee procedures.
1/24/08 IPC IPCM $83.2 mm -2.3 %
Provides hospitalist services to over 300 US hospitals in 16 states.
Total Number: 4 Total Proceeds: $0.2 bil Average Return: -19 %
Technology: 9.3 %
IPO Date Company Name Ticker Deal Size Return
08/07/08 Rackspace Hosting RAX $187.5 mm -51.6 %
A leading full service hosting provider with 36,000 customers.
7/29/08 China Distance Education DL $61.3 mm -42.7 %
Provides online professional education and test preparation courses in China.
02/13/08 ArcSight ARST $61.8 mm 0.9 %
Provides high-end enterprise security and compliance management software.
1/28/08 ATA Inc. ATAI $46.3 mm -46.9 %
Leading provider of computer-based testing and educational programs in China.
Total Number: 4 Total Proceeds: $0.4 bil Average Return: -35 %
Business Services: 7.0 %
IPO Date Company Name Ticker Deal Size Return
11/19/08 Grand Canyon Education LOPE $126.0 mm 55.1 %
Provides online degree programs in education, business and healthcare.
8/3/08 China Mass Media Advertising CMM $49.0 mm -67.8 %
Provides independent television advertising services in China.
01/24/08 RiskMetrics Group RMG $245.0 mm -17.9 %
A leading provider of risk management and governance products and services.
Total Number: 3 Total Proceeds: $0.4 bil Average Return: -10 %
Capital Goods & Services: 7.0 %
IPO Date Company Name Ticker Deal Size Return
07/01/08 Energy Recovery ERII $119.0 mm -5.9 %
Makes energy recovery devices for water desalination plants.
5/7/08 Colfax CFX $337.5 mm -41.4 %
A supplier of fluid handling products including pumps and specialty valves.
03/11/08 Heritage-Crystal Clean HCCI $22.0 mm 13.0 %
Provides hazardous and industrial waste services to small and mid-sized customers.
Total Number: 3 Total Proceeds: $0.5 bil Average Return: -11 %
Financial: 7.0 %
IPO Date Company Name Ticker Deal Size Return
05/14/08 American Capital Agency AGNC $200.0 mm 5.5 %
Newly formed REIT, backed by ACAS, that plans to invest in agency securities.
4/24/08 Hatteras Financial HTS $240.0 mm 13.1 %
Mortgage REIT, managed by Atlantic Capital, that invests in agency securities.
03/18/08 Visa V $17,864.0 mm 22.3 %
World's largest provider of credit and debit cards.
Total Number: 3 Total Proceeds: $18.3 bil Average Return: 14 %
Materials: 4.7 %
IPO Date Company Name Ticker Deal Size Return
05/14/08 Verso Paper VRS $168.0 mm -90.9 %
A supplier of coated paper to catalog and magazine publishers.
4/21/08 Intrepid Potash IPI $960.0 mm -32.2 %
The largest US-based producer of potash (potassium chloride).
Total Number: 2 Total Proceeds: $1.1 bil Average Return: -62 %
Transportation: 4.7 %
IPO Date Company Name Ticker Deal Size Return
06/17/08 Britannia Bulk Holdings BBLKF $125.0 mm -99.9 %
The leading drybulk shipper in the Baltic region.
5/28/08 Safe Bulkers SB $190.0 mm -57.5 %
A Greek shipping company that operates a fleet of 11 dry bulk vessels.
Total Number: 2 Total Proceeds: $0.3 bil Average Return: -79 %
Utilities: 4.7 %
IPO Date Company Name Ticker Deal Size Return
04/22/08 American Water Works AWK $1,247.0 mm -4.7 %
The largest investor-owned water utility in the US.
1/28/08 Cascal HOO $144.0 mm -66.7 %
Provides water and wastewater services in seven countries.
Total Number: 2 Total Proceeds: $1.4 bil Average Return: -36 %
Consumer: 2.3 %
IPO Date Company Name Ticker Deal Size Return
06/17/08 RHI Entertainment RHIE $189.0 mm -36.1 %
Develops, produces and distributes made-for-television movies and mini-series.
Total Number: 1 Total Proceeds: $0.2 bil Average Return: -36 %
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital's IPOhome.com