Here's a bit of analysis of two IPO/spinoffs I took part in over the last few months. The first was MALL spinning off UBID and the second was DBCC spinning off MKTW. When the S-1 was filed by UBID, MALL finished up $4.50 and when MKTW filed, DBCC finished up 0.69. Today our beloved NAVR finished up 5/16th. I was able to unload some of my shares a 17 11/16th today in hopes of buying them back lower, which I still have not done. You'll see that for MALL/UBID approx. 5 months elapsed between the S-1 and the first day of trading and for DBC/MKTW approx. 3 months elapsed between the S-1 and the start of trading, we still have plenty of time for this thing to cook!! Anyway here are the numbers.
MALL/UBID
UBID initial Registration Statement Jul 2 1998 S-1:
Here's MALL's Price 3 days either side the filing date of 4/2/98
Date Open High Low Close Volume
8-Jul-98 10.125 10.3125 9.625 9.875 321200
7-Jul-98 13.9375 13.9375 10.5 11 820200
6-Jul-98 8.375 12.75 8.25 11.875 1058800
2-Jul-98 7.375 7.5 7.125 7.375 33200 S-1 Filed
1-Jul-98 6.75 7.5 6.75 7.5 63200
30-Jun-98 6.9375 7 6.625 6.875 28900
29-Jun-98 6.75 6.9375 6.625 6.75 25400
UBID filed 6 Amended Initial Registration Statement S-1/A's between the initial filing on July 2nd ,1998 and the first day of trading on December 4th, 1998 (5 months)
MALL peaked on Nov. 27th, 6 days before UBID began trading with an intraday high of 63 and a close of 51.25.
Date Open High Low Close Volume
9-Dec-98 24 24.875 22.125 22.75 664100
8-Dec-98 23.5 25.375 23 23.3125 747600
7-Dec-98 27 27.4062 21 25.5 2620200
4-Dec-98 39 40 25.5 26.25 8157100 UBID begins trading
3-Dec-98 42.75 45.5 32.25 35.25 4010400
2-Dec-98 42 47.875 40.875 41.125 2350200
1-Dec-98 33.75 47.25 32.5 44.25 3876500
30-Nov-98 59.875 59.875 36.0625 37.875 3989200
27-Nov-98 56.5 63 51.25 56.375 3442000 MALL peaked
25-Nov-98 37.25 48 35.125 47.5 3861000
24-Nov-98 31.3125 39.75 28.75 34.25 5651200
23-Nov-98 26.125 32.5 25.5 32.25 3319000
20-Nov-98 27.25 28 23.5625 24.75 2325000
DBCC/MKTW
MKTW initial Registration Statement Oct 13 1998 S-1
DBCC Price 3 days either side the filing date of 10/13/98
Date Open High Low Close Volume
16-Oct-98 3.875 4.125 3.875 4.0625 62900
15-Oct-98 4 4.125 3.875 4.0625 117800
14-Oct-98 4.3125 4.3125 3.75 4 349200
13-Oct-98 3.4375 4.375 3.4375 4.0625 237200 S-1 Filed
12-Oct-98 3.3125 3.625 3.1875 3.375 357100
9-Oct-98 3.0625 3.25 2.75 3 128300
8-Oct-98 3.6875 3.7188 2.5625 3.125 183400
MKTW filed 3 Amended Initial Registration Statement S-1/A's between the initial filing on October 13th, 1998 and the first day of trading on January 15th, 1999 (3 months)
DBCC peaked on Jan. 12th, 3 days before MKTW began trading with an intraday high of 50.625 a close of 35.125.
Date Open High Low Close Volume
20-Jan-99 19.125 19.5 15.875 16.125 7835800
19-Jan-99 22 22 16.375 19.0625 17645500
15-Jan-99 29.6094 31.25 21.375 21.75 36388200 MKTW begins trading
14-Jan-99 33.5 35.875 30 31.1875 13183300
13-Jan-99 27.625 37.5 25.5 32.625 17064600
12-Jan-99 45.75 50.625 31.75 35.125 27010400 DBCC peaked
11-Jan-99 31.6875 40.375 30.0625 38.4375 34366800
8-Jan-99 22.5 28 21.5 26.375 30437700
7-Jan-99 17.5 20.1875 16.25 19.875 10249300
6-Jan-99 18.5625 18.5625 17.5 17.625 4029700
5-Jan-99 18.5625 18.9375 17.5 18.1875 4219800
Go NAVR!!
Scott
