AcelRx Pharma (NASDAQ:ACRX) $75 million IPO with a market capitalization of
$209 million at the price range midpoint of $13 is scheduled for the week of
February 7, 2011. Very speculative, it uses proceeds to fund Phase 3 clinical
trials. AT $13, it is priced at a book value discount from recent Pharma IPOs
ANAC ZGNX, http://www.valentinorockstudsale.com/ but ACRX has
no sales.
China Century Dragon Media (NYSEMKT:CDM) $9 million IPO with a market
capitalization of $57 million at the price range midpoint of $6.50 is scheduled
for Tuesday, February 8, 2011. For the nine months that ended September 2010
compared to September 2009 sales were up 84%, earnings up 83%. Low annualized
Price/Earnings ratio of 6.
Imperial Holdings (NYSE:IFT) $250 million IPO with a market capitalization of
$305 million at the price range midpoint of $15 is scheduled for the week of
February 7, 2011. Revenue losses both are going in the wrong direction Comparing
the nine months that ended September 2010 Valentino Shoes with 2009,
revenue declined 18%, losses increased 180%. It was only profitable once, for
the year 2007. Since then, it has generated a continuous stream of losses
Wave2Wave Communications (WAV): $14mm IPO with a $52mm market cap at price
range midpoint of $4.25. Unit offering of one share of stock plus one warrant
the purchase one share of stock at $4.40. Scheduled for the week of February 7,
2011. Provides broadband communications services to business buildings. Sales
declined 15% for the nine months Valentino Shoes Sale that
ended September 30 2010 vs. the year earlier six months. For the nine months
that ended September 2010, WAV generated operating losses of $6.5mm loss vs a
$2mm operating profit for year earlier period. Net loss increased to $10mm from
$2mm comparing September nine month results. There is negative
pricetotangiblebook value of which indicates the balance sheet is highly
leveraged and constrains growth.
Zuoan Fashion Limited (NYSE:ZA) $79 million IPO with a market capitalization
of $325 million at the price range midpoint of $11.50 is scheduled for the week
of February 7, 2011. Designdriven fashion casual menswear company in China.
Compare to China Xiniya Fashn XNY which IPO November 22 and is down 45% from its
IPO price.