INITIAL PUBLIC OFFERINGS -- IPOs and DPOs
Traditional, Via-The-Web, and Combination Old-New Methods
How long is a company an "IPO"? Our practical definition is this: After going public a company will probably be an "IPO" for about a year. After that, look for it through our Small Company Page.
IPOS (See next category, below, for DPOs)
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What is the difference between an Initial Public Offering (IPO) and a Direct Public Offering (DPO), conducted over the Internet? We predict that in a few years there won't be any difference. Read more about Hambrecht's new Open IPO Website and
Epoch Capital Partners new approach, below. On the other hand, will the traditional IPO/DPO become extinct? As we progress through the first decade of the 21st century there is a growing trend for companies to go public via methods other than the traditional IPO! Reverse mergers with a shell company and dividend-distribution spinoffs are becoming increasingly popular.
- Red Herring
-- Starting as a newsletter, this became one of the leading investment magazines, both online and off, during the late 1900s. It stresses venture capital, technology developments and IPOs. After the dot-com crash its fortunes waned and it ceased publication in March, 2003. But as of fall 2003 it was back, under new management!
- IPO Central
-- A Hoover's Publication. Find an IPO by name, industry, state, etc. IPO Timetable. Lots of information!
- Open IPO
-- From Hambrecht. General information in addition to the IPOs they offer (see "Underwriters", below.)
- Yahoo's IPO site
-- Latest news, ratings, message boards and more.
- The Herring Inspector
-- The frustrating and mind-numbing job of comparing multiple amended versions of the same SEC document -- especially S-1s and other IPO filings -- is now automatic!
- IPOscan
- IPOlockup
- IPOguys
- IPO Financial
- Wired Magazine's IPO News
- IPO Spotlight
-- Predicts opening premium or discount of IPO's-fee based
- The IPO Network
-- A very good source of information on IPOs.
- IPO Prospectus
-- A comprehensive database created by R.R. Donnelley Financial and IPO Crossroads.
- Federal Filings
-- Business news reports on IPOs.
- Investor Web -- Coming soon. Maybe here by the time you read this.
- Financial Web-- IPO's coming soon. Maybe here by the time you read this.
- IPO Ratings -- by Gaskins Company.
- IPO Outlook
-- This site offers 6 financial newsletters, including this one covering IPOs.
- IPO Intelligence Online.
- Alert-IPO!
-- This electronic, e-mailed newsletter was launched in 1996 when IPO information became available at the SEC's EDGAR server. Since it does not exist on paper it is less expensive than a traditional publication; however you must print the pages on your own printer if you wish a paper version.
- InternetCap.com.
- IPO Data Systems
-- Information on IPOs and DPOs, including company profiles. Much free information. Premium info. available by subscription.
- IPO Monitor
- eWebWatch -- IPO alert notification service.
- IPO Maven -- More than a newsletter. Statistics and history on a large number of IPOs.
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123 Jump
-- Look for their section on IPOS.
- Securities Data Corporation
- Informed Finance
UNDERWRITERS, BROKERAGES, and INVESTOR RELATIONS FIRMS
An increasing number of underwriters, brokerages and corporate lawyers give you information on the companies they are bringing public. Check the following for current IPOs.
- Open IPO by W. R Hambrecht
-- Long a traditional underwriter, Hambrecht has opened a website to revolutionize the way IPOs are presented. Through their impartial, Internet-based blind auction system, they hope to give the individual investor a fair shake in a system similar to the one used by the U. S. Treasury to auction its 10-year notes and 30-year bonds.
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Epoch Capital Partners
-- With brokerage backers Schwab, Ameritrade and TD Waterhouse, plus venture capital firms Kleiner Perkins and Benchmark Capital, Epoch aims to mostly serve individuals as well as some institutions that agree not to flip IPO shares. Per an article at Fortune online, if they succeed they could turn the IPO market on its ear.
- Hale, Dorr, et. al. Law Firm
-- In the sixties this company pioneered representation of emerging companies. Today it is still strong in the area of IPOs as well as covering other areas of corporate law. Look at their "New England IPO Report" for figures not just on New England but on IPOs nationally.
- Prospex Incorporated
-- This lead-generating company profiles up-and-coming IPOs. Find the IPOs under their "Major Donors".
- New IPO Issues Newsletter
-- S. R. and Associates, an underwriter, makes this comprehensive newsletter available free.
- Capital Internet Group
- IPO Spotlight
-- Information on small companies' IPOs and DPOs. A sister site to Scor-Net, above.
- Direct Stock Market, Inc.
-- Public offerings, private placements and more.
- Wit Capital -- Offers IPOs directly. Does Public Venture Capital Offerings, similar to Private Placements but with smaller minimum investment and not limited to accredited investors.
- S. R. and Associates (also listed above under New IPO Issues Newsletter).
- Direct IPO. This company also specializes in DPOs, with an emphasis on Internet-related companies.
- eTrade
- DLJdirect
- FBR
Also, go to Hoover's IPO Central to see their
List of Most Active Underwriters, with links to many of them.
DPOS
SECONDARY MARKETS FOR DPOS
The biggest problem some DPOs face is finding a secondary market. However, fascinating developments are underway.
Be sure to check out the WSC Cyber-Exhanges page for more new and innovative marketplaces, exchanges, and trading systems.
DPO NEWS AND NEWSLETTERS
- DPO Central -- Lots of info. about current DPOs. This site is paid for by ads, not by the companies listed.
- SCOR Report -- Published by Stewart-Gordon Associatse, Inc. since 1994.
DPO TRADE ORGANIZATIONS
COMPANIES EXPEDITING DPOS
There are now an exploding number companies specializing in Direct Initial Public Offrerings on the web. Some of these are:
