Tom Taulli

High-Profit IPO Strategies (eBook, PDF)

Finding Breakout IPOs for Investors and Traders

• Format: PDF

Produktbeschreibung

A detailed guide to the new era of IPO investing Typically generating a great deal of interest, excitement, and volatility, initial public offerings (IPOs) offer investors and traders with opportunities for both short-term and long-term profits. In the Third Edition of High-Profit IPO Strategies, IPO expert Tom Taulli explains all facets of IPO investing and trading, with a particular emphasis on the industries that are fueling the next generation of IPOs, from social networking and cloud computing to mobile technology. In the past year alone, many of these types of IPOs have provided enormous opportunities for nimble traders as prices have fluctuated widely for several months following the offering. This new edition reflects the new IPO environment and presents you with the insights needed to excel in such a dynamic arena. * Discusses more sophisticated IPO trading strategies, explores the intricacies of the IPO process, and examines the importance of focused financial statement analysis * Contains new chapters on secondary IPO markets, reverse mergers, and master limited partnerships * Provides in-depth analysis of other major industries generating worthwhile IPOs * Covers IPO investing from basic terms to advanced investing techniques Comprehensive in scope, the Third Edition of High-Profit IPO Strategies offers investors and traders with actionable information to profit in this lucrative sector of the financial market.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 304
• Erscheinungstermin: 17. Oktober 2012
• Englisch
• ISBN-13: 9781118420331
• Artikelnr.: 37344766

Autorenporträt

TOM TAULLI writes about venture capital and IPOs for Forbes.com as well as the IPOPlaybook.com. He has been involved in the financial markets since the mid-1990s when he launched WebIPO. It was a place where investors could go for research and access to deals during the dot-com boom. He has written several books, including Investing in IPOs, Investing in IPOs Version 2.0, The Complete M&A Handbook, All About Short Selling, and All About Commodities. Besides his writings, Taulli is routinely quoted in the media about upcoming deals with his interviews on CNBC and Bloomberg TV. He can be reached??at [e-mail] or on Twitter at @ttaulli.

Inhaltsangabe

Foreword xiii Introduction xv PART I: IPO FUNDAMENTALS CHAPTER 1 Getting
IPO Shares 3 Risk 4 The Calendar 4 Online Brokers 5 Build Relationships
with the Syndicate Firms 8 Dutch Auction 8 Buy on Secondary Markets 10
Private Placements 10 IPO Mutual Funds 10 Directed Share Program 11
Follow-On Off erings 11 Direct Public Off erings 12 IPOs to Avoid 13
Conclusion 14 CHAPTER 2 IPO Basics 15 Why Do Companies Go Public? 15
Reasons Not to Go Public 19 JOBS Act 23 Cast of Characters 23 Conclusion 27
References 27 CHAPTER 3 IPO Process 29 Laws That Impact IPOs 29 Steps of
the IPO Process 30 Conclusion 38 PART II: IPOs FOR INVESTORS CHAPTER 4
Finding the Best IPO Information 41 Information to Get Your Feet Wet 42
In-Depth IPO Information 43 Other IPO Information Resources 45 Conclusion
47 CHAPTER 5 Making Sense of the Prospectus 49 Getting a Copy of the
Prospectus 50 Main Sections 50 Front Matter 52 Graphic Material 54
Qualification Requirements 55 Prospectus Summary 56 Risk Factors 58 Letter
from Our Founder 59 Market Data and User Metrics 60 Use of Proceeds 60
Dividend Policy 61 Capitalization 61 Dilution 62 Selected Consolidated
Financial Data 62 Management's Discussion and Analysis of Financial
Condition and Results of Operations 62 Business 63 Management 63 Executive
Compensation 64 Certain Relationships and Related-Person Transactions 65
Principal and Selling Stockholders 65 Description of Capital Stock 66
Shares Eligible for Future Sale 66 Index to Consolidated Financial
Statements 67 Miscellaneous Sections 67 Conclusion 67 CHAPTER 6 Balance
Sheet 69 Some Fundamentals 69 Balance Sheet Overview 71 The Assets 73 The
Liabilities 78 Conclusion 81 CHAPTER 7 Income Statement 83 Management's
Discussion and Analysis of Financial Condition and Results of Operations 84
Conclusion 91 CHAPTER 8 Statement of Cash Flows 93 Background 93 Focus on
Operating Cash Flows 96 Free Cash Flow 97 Stock Options 98 Factoring 98
Footnotes 98 Fraud and Misrepresentation 99 Conclusion 100 CHAPTER 9 Risk
Factors 101 Inexperienced Management Team 101 Need for More Financing 102
Legal Proceedings 103 Market and Customer Base 104 Going Concern 104
Competition 105 Dual-Share Structure 106 CEO Dependence 107 Reliance on the
Government 108 Unproven Business Model 109 Limited History of Profi table
Operations 109 Small Market Potential 110 Cyclical Businesses 111
Conclusion 111 CHAPTER 10 IPO Investment Strategies 113 Neighborhood
Investing 113 Invest in What You Know 114 Study Mutual Fund Holdings 114
Strong Backers 115 Analyst Coverage 115 IPO Rules of Thumb 116 Buy on the
Opening or Wait for the Lockup to Expire? 117 Buying on Margin 118 Options
118 Conclusion 122 CHAPTER 11 Short Selling IPOs 123 How Short Selling
Works 123 Risks of Short Selling 126 Taxes 127 Finding IPOs to Short 127
Conclusion 128 PART III: IPO SECTORS CHAPTER 12 Tech IPOs 131 The Cloud 131
Social Networking 133 Mobile 135 Marketplaces 136 Security 136 Big Data 137
Evaluating a Tech IPO 138 Conclusion 140 Reference 140 CHAPTER 13 Biotech
IPOs 141 FDA Approval 143 Analyzing Biotech IPOs 144 Conclusion 147
References 148 CHAPTER 14 Finance Sector IPOs 149 Banking 149 Asset
Managers 152 Private Equity Firms 153 Online Brokerages 154 Insurance 155
Specialized Online Financial Services 156 Conclusion 157 References 158
CHAPTER 15 Retail Sector IPOs 159 Brand 159 Disruptive Threats 160 Major
Consumer Changes 161 Timing 161 Check Out the Store 162 Financial Metrics
163 Narrow Base 163 Conclusion 164 References 164 CHAPTER 16 Foreign IPOs
165 Advantages of Foreign IPOs 166 Risks 167 IPO Process for Foreign Deals
170 American Depositary Receipts 171 Direct Investments in Foreign IPOs 171
Conclusion 172 CHAPTER 17 Energy IPOs 175 Crude Oil 175 Natural Gas 176
Coal 177 Alternative Energy 177 Types of Energy Companies 179 Evaluating an
Energy Company IPO 179 Master Limited Partnerships 180 Conclusion 181
CHAPTER 18 REIT IPOs 183 Trends in the Real Estate Market 183 Basics of
REITs 184 Conclusion 188 PART IV: OTHER IPO INVESTMENTS CHAPTER 19 IPO
Funds 191 Types of Funds 191 Mutual Funds 192 Exchange-Traded Funds 194
Closed-End Funds 195 Hedge Funds 197 Fund Strategies 198 Conclusion 200
References 200 CHAPTER 20 Spin-Offs 201 The Basics 201 Investing in
Spin-Offs 204 Conclusion 205 References 205 CHAPTER 21 Fad IPOs 207
Spotting the Fads 208 Knowing When to Get Out of Fad IPOs 212 Conclusion
212 References 213 CHAPTER 22 Secondary Markets, Angel Investing, and Crowd
Funding 215 Pre-IPO Funding Process 216 Accredited Investor 216 How to
Become an Angel Investor 217 Angel Deal Structures 217 Strategies for Angel
Investing 218 Due Diligence and the Term Sheet 221 Secondary Markets 223
Crowd Funding 226 Conclusion 228 CHAPTER 23 The 100x IPO 229 The Amazon.com
IPO 229 Conclusion 233 Conclusion 235 Appendix A: The Underwriting Process
239 Appendix B: Analyzing the Financial Statement Items 243 Glossary 247
About the Author 259 Index 261

Rezensionen

"A concise introduction to IPOs for the uninitiated, this book is also an excellent resource for finance professors wishing to supplement investment textbooks that touch only briefly on the IPO process, professionals at the outset of their careers who contemplate moving into IPO investing, and owners of new businesses."-Reviewed by Ronald L. Moy, CFA, for CFA Institute