Admit it, you love the Facebook IPO (Nasdaq: FB ). Besides its $100 billion-plus stock valuation, the social media company has over 900 million active users worldwide. Plus, at $16 billion, Facebook will go down as the second largest U.S. IPO ever, trailing only Visa's $17.9 billion deal in 2010. But let's not forget, this isn't the first IPO that's gotten a ton of attention, and it won't be the last. In fact, the hype surrounding Facebook stock is overshadowing the entire IPO market, clouding the big picture, and perhaps, some worthwhile investments. So let's take a look at what else has been going on in the IPO market and what's coming up that deserves your attention. To continue reading, please click here...
"The real head-turning constituent in the market has been tech and social media," John Demler, from analytics provider Ipreo, told Forbes. "But the real strength continues to be in consumers and financials, plus the energy sector."
GNC Holdings Inc. (NYSE: GNC), the specialty retailer that sells nutritional supplements, raised $360 million in March and ended up surging 74%. Luxury brand Michael Kors Holdings Ltd. (NYSE: KORS) jumped 57%.
Other top performers included energy-focused Tesoro Logistics LLP (NYSE: TLLP), and buyout target Kinder Morgan Mgt. LLC (NYSE: KMR).
Tech Continues to Dominate the IPO Market in 2012
In the first quarter of 2012, global IPO proceeds declined 66% year-over-year to $12.5 billion -- the lowest since the second quarter of 2009. Globally new issues fell a whopping 52%.
But that hasn't stopped the technology juggernaut from dominating the market again this year.
So far, 22 out of the 68 IPOs -- nearly a third of deals brought public -- have involved tech companies.
But get this -- approximately 85% of these tech IPOs are higher than their offering price, and a quarter rose by 50% or more. Altogether, tech deals returned a whopping 52% on average in the first quarter.
But most of these were smaller deals, including software firms such as Guidewire Software Inc. (NYSE: GWRE), up 140% from the offer price, and mobile internet firms such as Yelp Inc. (NYSE: YELP), up 78%.
Looking Ahead at the IPO Market
The rest of the year promises to feature "the haves and the have-nots," Paul Bard, director of research at Renaissance Capital, told Forbes.
While hot deals for high-profile companies like Groupon and Zynga will find buyers, investors will be reluctant to back businesses that rely on a big surge of economic growth.