Although Internet-related
initial public offerings have enjoyed a far greater average first-day trading pop in the U.S. than their non web-oriented peers in 2011, over the course of the year they ended up with the exact same declines, according to data provider Dealogic.
数据提供商Dealogic的数据显示,虽然2011年在美国上市的互联网公司上市首日平均涨幅远远超过那些非互联网企业,但就全年来看,它们最终都一样以下跌收场。
The average first-day gain for Internet-related IPOs so far in 2011 is 28%, compared to 7% for non-Internet IPOs.
2011年迄今,互联网企业首次公开募股(IPO)的首日平均涨幅为28%,非互联网企业则为7%。
After the buzz of a first-day pop, however, Internet-related IPOs are in the same boat as other deals over the longer term, suggesting that flipping the stocks quickly may not be such a bad
strategy if investors want to lock in gains.
然而,在经历了上市首日振奋人心的大涨后,从长期来看,互联网企业与其它企业面临着相同的境遇,这说明如果投资者要想锁定利润,那么尽快抛售持有的互联网公司股票可能不失为一个上策。
That larger first day gains for Internet deals include the year's best performer, Chinese firm Qihoo 360 Technology Co. Ltd., which rose 135% during its debut in March. Professional networking site LinkedIn Corp., which had the second-best pop, generated a gain of 109% in May.
今年IPO的互联网企业中,上市首日涨幅较大的包括年度表现最好的中国企业奇虎360科技有限公司(Qihoo 360 Technology Co. Ltd.,简称:奇虎360),3月上市首日就大涨了135%。高居第二位的是专业社交网站LinkedIn Corp.,5月上市首日上涨109%。
Groupon Inc., by comparison, rose 30.6% on its first day last week--not a
shabbyperformance given the current state of the market, but
nowhere near the triple-digit percentages made by hotter deals earlier in the year.
相比之下,团购网站Groupon Inc.上周IPO当天才上涨了30.6%。鉴于目前的股市行情,这个表现并不算差,但远远不及今年早些时候那些更火爆的IPO交易三位数的百分比涨幅。
Although some of the original Internet studs remain above their IPO prices--Qihoo opened Wednesday at $17.89, 23% above its $14.50 IPO price, and LinkedIn was at $77.23, 72% above its $45 IPO price--they have given back some of their first-day gains.
虽然今年上市的部分互联网公司股价目前仍高于发行价,但已经回吐了上市首日的部分涨幅。周三开盘,奇虎360报17.89美元,比14.50美元的发行价高23%,LinkedIn报77.23美元,比45美元的发行价高出72%。
Groupon opened Wednesday at $23.51, up 17.6% from its $20 IPO price, but about 10% below its first-day close. Groupon's stock price has slipped in each trading day this week, and have declined 4.4% Wednesday.
Groupon周三开盘报23.51美元,较20美元的发行价涨了17.6%,但跟上市首日的收盘价相比,跌了约10%。该公司的股价本周每个交易日都在下滑,周三跌了4.4%。
Other dot-com deals have fared worse, dragging the group's average year-to-date
performance to regular IPO levels. Chinese social media site Renren Inc., which popped 29% on its debut in May, opened Wednesday at $5.12, 63% below its $14 IPO price. Internet radio site Pandora Media Inc., which rose 9% in June, opened at $15.30, down 4% from its IPO price of $16.
其它互联网公司的表现更为糟糕,受其拖累,整个行业今年迄今的平均表现可谓是一般水平。中国社交媒体网站人人公司(Renren Inc.)今年5月上市首日上涨29%,周三开盘价为5.12美元,较14美元的发行价跌了63%。在线广播网站Pandora Media Inc. 6月上市首日上涨9%,周三开盘价为15.30美元,比16美元的发行价低4%。
Right now, there are two Internet-related IPOs planning to
launch before Thanksgiving:
consumerreview site Angie's List Inc., which wants to raise $114 million on the Nasdaq by listing as 'ANGI,' and Chinese social
commerce site LaShou Group Inc., which is seeking $80 million on the Nasdaq as 'LASO.'
目前,有两家互联网公司计划在
感恩节之前IPO。它们分别是让消费者给美国企业评级的网站Angie's List Inc.和中国团购网站拉手网(LaShou Group Inc.),前者打算在美国纳斯达克市场(Nasdaq)筹资1.14亿美元,股票代码ANGI,后者欲在纳斯达克筹资8,000万美元,股票代码LASO。
Online games developer Zynga Inc., which is also expected to price this year, hasn't set its pricing terms yet, and is likely to come in December.
预计将在今年年内定价的在线游戏开发商Zynga Inc.还没有设定好价格条件,可能于12月上市。
Outside of Internet-related offerings, some of the best non-web
related IPO debuts this year were in
consumer companies like tea shop chain Teavana Holdings Inc. , women's boutique Francesca's Holdings Corp., car sharing service Zipcar Inc. and coffee chain Dunkin' Brands Group Inc.
在互联网企业IPO之外,今年上市首日表现最好的部分非互联网企业当属消费品公司,如茶叶连锁店Teavana Holdings Inc.、女装销售公司Francesca's Holdings Corp.、汽车共享服务提供商Zipcar Inc.和咖啡连锁店Dunkin' Brands Group Inc.等。
Although their first-day pops never approached the triple-digit
percentage gains seen by the likes of Qihoo and LinkedIn--leader Teavana, for example, rose 63.5% when it went public in July--their
initial performances were still considered strong.
这些公司上市首日的表现虽然远远不及奇虎360和LinkedIn等创下的三位数百分比增长(其中涨幅最高的是7月份上市的Teavana,为63.5%),但它们最初的表现仍然被认为相当强劲。
Teavana, Francesca's, and Dunkin' are still above their IPO prices, but they have given back a
portion of their first-day gains, and Zipcar is about break-even with its debut level.
Teavana、 Francesca's和Dunkin'目前的股价仍高于发行价,但也不同程度地回吐了上市首日涨幅。Zipcar目前与上市首日收盘价基本持平。
Other non-Internet deals, however, have been hit harder, particularly in
energy and
alternativeenergy stocks. Two biofuel firms, Gevo Inc. and Solazyme Inc. opened Wednesday down 50% and 41%, respectively, from their IPO prices this year.
不过,其它非互联网企业的IPO表现则受挫较为严重,特别是能源和可替代能源类股。Gevo Inc.和Solazyme Inc.这两家生物燃料公司周三开盘价较其今年发行价分别下跌了50%和41%。