The IPO Buzz: Fall Fireworks

As the pages fold over on 2016’s third quarter, Sept. 30 left us with some interesting facts. The Nasdaq Composite Index jumped 9.7 percent for the quarter, the biggest gain among the three major U.S. stock market indexes. On the strength of the Nasdaq Composite, the IPO market surged back to life and September’s final IPO scored an opening-day moonshot.

The Nasdaq Composite closed on Friday at 5,312.00, UP 9.7 percent from its close at 4,842.67 on June 30, for its best quarter since 2013, according to The Wall Street Journal. During September 2016, the IPO market priced 15 offerings, the most since October 2015, when that calendar priced 17 IPOs.

Friday marked the first day of trading for Nutanix (NTNX), which priced its IPO of 14.87 million shares at $16 each on Thursday night. Nutanix closed on Friday at $37 – UP 131.3 percent from its IPO price – and vaulted into moonshot territory. (A moonshot is an opening-day gain of 100 percent or more.)

What more could people want?

The IPO experts are looking at two favorites among this week’s six deals. They are Camping World Holdings (CWH – proposed) and Coupa Software (COUP – proposed). Let’s look at each.

On the Road Again

Camping World, based in Lincolnshire, Illinois, provides a portfolio of services, protection plans, products and resources for recreational vehicle (RV) owners and camping enthusiasts. It also offers emergency roadside assistance; property and casualty insurance programs; travel assistance programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing and club memberships as well as publications and directories.Bankers plan to offer about 11.4 million shares of Camping World at $21 to $23 each on Thursday, Oct. 6, to trade Friday, Oct. 7.

Cloud Control for Corporate Costs

Coupa Software, based in San Mateo, California, says it is the leading provider of a unified cloud-based spending management platform that connects more than 460 businesses with more than 2 million suppliers globally. The company’s cloud-based platform has been designed for the modern global workforce that is mobile and expects real-time results, flexibility and agility from software solutions.

Bankers plan to offer 6.7 million shares of Coupa Software at $14 to $16 each on Wednesday, Oct. 5, to trade Thursday, Oct. 6.

The rest of the IPOs on this week’s calendar are Advanced Disposal Services (ADSW – proposed), AquaVenture Holdings (WAAS – proposed), Everspin Technologies (MRAM – proposed) and Obalon Therapeutics (OBLN – proposed). (For details on each, please click on the hyperlinks.)

Looking into the week of Oct. 10, 2016, the calendar has three IPOs. But anything could happen on Monday morning, which could set the stage for the following week.

Stay tuned.

Disclosure: Neither the author nor anyone else on the staff has a position in any stocks mentioned, nor do we trade or invest in IPOs. The author and staff do not issue advice, recommendations or opinion.