SOURCE: Hoover's

Hoover's

January 13, 2011 10:06 ET

U.S. IPO Market Rebounds From Two-Year Slump in Hoover's IPO Scorecard

Fueled by Booming Asian Market, Q4 2010 Caps Off a Year Outpacing 2008 and 2009 IPO Volumes and Values

AUSTIN, TX--(Marketwire - January 13, 2011) - Hoover's, Inc., today announced the value of U.S. initial public offerings (IPOs) climbed steadily in Q4 2010, closing out a year that generated more listings and raised more funds than in 2008 or 2009. As revealed by Hoover's IPO Scorecard, the number of U.S. IPOs in 2010 (153) more than doubled 2009 volume of 63, generating a total value of $38.7 billion -- surpassing last year's total value by nearly $14 billion.

According to Hoover's independently verified data, 57 companies went public on the major U.S. stock exchanges in Q4 alone, raising $24.3 billion compared to Q4 2009 when 32 listings raised $17.2 billion. Ten percent of U.S. IPO values in Q4 2010 was generated by explosive growth in Asian markets.

Findings from Hoover's IPO Scorecard for Q4 2010

  • Best First-Day Gain: (Youku.com Inc.) 161 percent
  • Worst First-Day Drop: (Sky-mobi Limited) -- 25 percent
  • General Motors Co. raised $20.1 billion in November to become the biggest IPO in U.S. history, representing nearly 83 percent of IPO funds raised in Q4.
  • China contributed 21 of the 57 U.S. offerings, raising approximately $2.5 billion in Q4.
Best-Returning Q4 U.S. IPOs   Offer    Q4 Close   Return
Youku.com Inc.   $12.80   $35.01   174%
             
Vera Bradley, Inc.   $16.00   $33.00   106%
             
The Fresh Market, Inc.   $22.00   $41.20   87%
             
SemiLEDs Corporation   $17.00   $29.05   71%
             
E-Commerce China Dangdang Inc.   $16.00   $27.07   69%
             
Inphi Corporation   $12.00   $20.09   67%
             
Noah Holdings Limited   $12.00   $19.55   63%
             
RDA Microelectronics, Inc.   $9.00   $14.61   62%
             
TAL Education Group   $10.00   $16.10   61%
             
SodaStream International Ltd.   $20.00   $31.58   58%

"About one-third of the companies that priced in the U.S. in Q4 were based in China," said Greg Perliski, editorial director at Hoover's. "Investors were drawn to wherever the growth was, and last year, that was clearly in Asia, where the growth rate was roughly 10 times that of the U.S."

While the numbers point to an apparent rebound in the U.S. IPO market, the 2011 outlook for U.S.-based companies is still clouded by uncertainty. "It will be interesting to see if the trend of Asian dominance reverses, with the U.S. emerging as the IPO forerunner," Perliski said. "We're seeing a lot of conflicting reports about the U.S. economy, but no clear indicators for what might be in store this year."

Hoover's analyzes the IPO market daily to produce the quarterly IPO Scorecard. Each IPO Scorecard includes an assortment of facts selected by Hoover's editors, including best- and worst-performing IPOs, biggest one-day jumps and drops in the first day of trading, and a breakdown by industry sector.

About Hoover's, Inc.
Hoover's, founded in 1990, is a D&B company that provides its customers with insight and actionable information about companies, industries and key decision makers, along with the powerful tools to find and connect to the right people to get business done. Hoover's provides this information for sales, marketing, business development, and other professionals who need intelligence on U.S. and global companies, industries, and the people who lead them. Hoover's unique combination of editorial expertise and one-of-a-kind data collection with user-generated and company-supplied content gives customers a 360-degree view and competitive edge. This information, along with powerful tools to search, sort, download and integrate the content, is available through Hoover's subscriptions, its Access Hoover's CRM product, and Hoover's API. Hoover's is headquartered in Austin, Texas. Follow Hoover's on Twitter, Facebook and LinkedIn.

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