IPO Calendar
Track upcoming Initial Public Offerings met pricing, valuation en underwriter information.
Overzicht
De IPO Calendar helpt je om nieuwe public offerings te identificeren en evalueren:
- Upcoming IPOs - Pipeline van aankomende listings
- Pricing Details - Expected price range en final pricing
- Valuation - Market cap, revenue multiples, P/E ratios
- Underwriters - Lead banks (Goldman, Morgan Stanley etc.)
- Lock-up Periods - Wanneer insiders mogen verkopen
- Historical Performance - First-day pops en long-term returns
IPO Process
S-1 Filing
Company files registratie bij SEC - bevat detailed financials, business model, risk factors. Public kan dit lezen.
Roadshow
Management pitch naar institutional investors - gauge interest en set price range.
Pricing
Night before IPO - final price set based op demand. Price meestal binnen of boven filed range als strong demand.
First Day Trading
Stock starts trading - often pops 20-50% on demand. Retail meestal can't get IPO price, moeten kopen at open.
Valuation Metrics
- EV/Revenue - Vooral voor unprofitable growth companies
- P/E Ratio - If profitable, vergelijk met peer group
- Price to Sales - Simple valuation check vs. comparables
- Market Cap - Total valuation @ IPO price
- Shares Outstanding - Dilution potential from options, warrants
💡 Pro Tip: Meeste IPOs underperform first year - often better te wachten 6-12 months post-IPO!
Red Flags
- Unprofitable + High Valuation - WeWork-achtige disasters
- Weak Underwriters - Top banks (GS, MS, JPM) pick winners
- Market Timing - IPOs in bear markets often fail
- Insider Selling - Founders cashing out completely = bad sign
- Complex Structure - Dual-class shares, excessive dilution
Lock-up Expiration
- Typical Period - 180 days (6 months) post-IPO
- Selling Pressure - Insiders/VCs can sell - vaak causes dip
- Opportunity - Post-lockup dip can be buying opportunity
- Track Insider Actions - Monitor SEC Form 4 filings
Famous IPOs
- Facebook (2012) - $38 IPO, dropped to $18, now $300+
- Alibaba (2014) - Largest IPO ever @ $25B raised
- Snowflake (2020) - Biggest software IPO, 111% first-day pop
- Rivian (2021) - $100B valuation, down 90% post-IPO
- ARM (2023) - Chip designer, strong post-IPO performance
Investment Strategy
- Wait & Watch - Most IPOs underperform jaar 1, wacht op dip
- Quality Matters - Focus on profitable, growing companies
- Strong Sponsors - Top VCs (Sequoia, a16z) pick winners
- Lock-up Play - Buy post-lockup dip in quality names