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In
recent years, the number of companies "going
public," or selling stock to the public for the
first time, has increased dramatically. Investors
seeking to profit from these "IPOs" purchase new
shares of stock soon after they are issued, hoping
that their market value will increase in the near
future. Below is a guide to researching IPOs at the
Kirstein Business Branch.
GENERAL WORKS
Arkebauer, James B. Going Public: Everything You
Need to Know to Take Your Company
Public, Including
Internet Direct Public Offerings. Chicago, IL:
Dearborn Financial Pub., 1998.
(2nd Floor--
HG4028.S7 A75 1998)
Includes a concise, informative chapter-- written
especially for the IPO investor-- containing tips
for researching and analyzing companies and reading
SEC filings. Also covers the process of taking a
company public from start to finish.
Field, Drew. Direct Public Offerings: The New Method for Taking Your Company Public.
Although this book focuses primarily on DPOs, or direct public offerings, where shares are sold by a company to
investors through direct marketing, it also includes information about the mechanics and pricing
of IPOs.
Klein, Andrew D. Wall Street.com: Fat Cat Investing At the Click of a Mouse.
New York: Henry Holt & Company, 1998. (2nd Floor--HG4515.95.K55 1998)
This personal investment narrative offers an insiders look at IPOs
from an individual investors perspective, with a special focus on Internet IPOs.
Petty, J. William, John D. Martin & John W. Kensinger. Harvesting Investments in
Private Companies. Morristown, NJ: Financial Executives Research Foundation Inc., 1999.
(2nd Floor--HG4028.S7 P48 1999)
This book has a detailed chapter about IPOs, with information about understanding
the pricing market, the process of going public, and valuation for IPOS. It also
includes interviews with entrepreneurs and investment advisors about the primary
issues in preparing for an IPO.
PERIODICALS
Investment Dealers' Digest. Weekly. (3rd
Floor)
"Securities in Registration" section is a
convenient alphabetical list of planned IPO's that
have registered with the SEC in the past 6
months.
Investors Business Daily. Daily (1st Floor)
This daily investment newspaper include a "New Issues" section that lists
IPO filings soon to be priced, as well as listing prices of recent IPOs'.
For each IPO it includes the offer date, high filing price, offer price,
current price, industry group and lead underwriter.
The Red Herring. Monthly. (3rd Floor)
A high technology business magazine. "IPO
Candidates" section in each issue lists some
private companies projected to go public in the
next 6 months and the occasional "IPO 100" column
ranks selected technology companies that have gone
public in the last year. A special "Going
Public"supplement (July issue) surveys the top IPOs
of the previous year and includes general articles
about the current market for IPOs.
INTERNET SITES
There are many free sites on the internet click here for a list
of favorites.
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