15 Notable IPOs of 2013: Investment Idea of the Day

According to Renaissance Capital, an Initial Public Offer (IPO) tracker, a total of 222 companies went public during 2013 in the U.S. raising around $55 billion, the highest number of new listings since 2000. As a group, U.S. IPOs outperformed leading stock indices during 2013 returning an average 35% with first-day returns of 17%. The FTSE Renaissance U.S. IPO index, which tracks post-offering performance, yielded a return of 61% during 2013. New listings on the U.S. small cap Russell 2000 index provided an average 28% return, as on December 18. The research firm believes that a buildup in the backlog of IPOs and improving economic indicators will offer another dynamic year for the U.S. IPO market during 2014.

According to PricewaterhouseCoopers, new listings on all Canadian exchanges increased 50% to $2.7 billion during 2013 compared to $1.8 billion recorded during 2012. The accounting and consulting firm says there were a total of 30 IPOs during 2013, including six in the fourth quarter that raised $582.6 million on the Toronto Stock Exchange and TSX Venture Exchange.

Ubika Research has shortlisted fifteen notable IPOs during 2013 across sectors which have registered significant gains since their stock listings and have recorded daily average trading volume in excess of 100,000 during the past month.

Source: Bloomberg; Last Price as on January 02, 2013 
Market Cap, Last Price, Offer price and Offer Size are in their respective currencies

Company Description

ExOne Co XONE           
The ExOne Company is a global provider of three-dimensional printing machines and printed products to industrial customers. The company's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for our customers using our in-house 3D printing machines.

Emerge Energy Services EMES    
Emerge Energy Services LP owns, operates, acquires and develops a diversified portfolio of energy service assets. The company's operations are organized into two service oriented business segments, sand and fuel processing and distribution.

Receptos Inc RCPT       
Receptos, Inc. discovers and develops small molecule drug therapies. The company specializes in the development of G protein-coupled receptors therapeutic candidates in the United States. Receptos focuses on the discovery, development, and commercialization of various therapeutics for immune disorders.

Marketo Inc MKTO        
Marketo, Inc. provides a cloud-based marketing software. The company platform enables execution, management, and analytical measurement of online, social, and offline marketing activities. Marketo operates serves customers worldwide.

Halogen Software Inc HGN   
Halogen Software Inc. designs, develops, and produces enterprise software. The company offers appraisal, compensation, and recruitment software, as well as hosting, deployment, talent management, and training services. Halogen Software conducts its business worldwide.

  BRP Inc/CA DOO     
BRP Inc. produces Ski-Doo snowmobiles, Sea-Doo personal watercraft, all-terrain vehicles and motorcycles including the three-wheeled Can-Am Spyder roadster as well as engines.

ChannelAdvisor Corp ECOM         
ChannelAdvisor Corporation provides e-commerce channel management solutions. The company offers online channels for retailers to distribute their products such as online marketplaces, comparison shopping sites, and search engines. ChannelAdvisor serves customers worldwide.

Choice Properties REIT CHP        
Choice Properties REIT invests in commercial properties. The company focuses on commercial real estate holdings located in Canada with the intent of developing the property and increasing productivity of operations.

Rocket Fuel Inc FUEL   
Rocket Fuel Inc. offers digital advertising services. The company provides solutions to manage, run, and evaluate online campaigns. Rocket Fuel serves customers throughout the United States.

Benefitfocus Inc BNFT  
Benefitfocus, Inc. is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers. The company's platform provides an integrated suite of solutions that enables customers to more efficiently shop, enroll, manage, and exchange benefits information.

Acceleron Pharma Inc XLRN    
Acceleron Pharma, Inc. provides pharmaceutical products. The company focuses on discovering, developing, manufacturing, and marketing of protein therapeutics for cancer and orphan diseases. Acceleron Pharma serves patients throughout the United States.

CT Real Estate Investment Trust CRT       
CT Real Estate Investment Trust provides real estate services. The company acquires and owns income producing commercial properties, including retail centers and distribution centers. The CT Real Estate Investment Trust owns real estate located primarily in Canada.

Container Store Group Inc TCS     
The Container Store Group, Inc. operates specialty retail stores. The company offers storage and organizational products and solutions. The Container Store Group owns and operates its retail stores throughout the United States.

Barracuda Networks Inc CUDA      
Barracuda Networks, Inc. designs and develops email and internet security products. The company offers spam firewalls, web filters, instant messaging firewalls, load balancers, message archivers, and web application controllers. Barracuda Networks serves customers worldwide.

Relypsa Inc RLYP         
Relypsa, Inc. manufactures pharmaceuticals. The company focuses on the development and commercialization of non-absorbed polymeric drugs to treat disorders in the areas of renal, cardiovascular and metabolic diseases.