Philippe Bednarek

CLOSING TERMS

It always feels good to beat the market. Amid a severe worldwide IPO drought, showing a decrease of -32% of the global amount raised, we managed to make 2016 the best year of our Fund since its inception with a Total Return on Investment of +47.53%. The number of IPOs we participated in reached an […]

MEANWHILE, IN SOUTH KOREA

With an election day during the first half of the month, and the Thanksgiving break in the second half, no one expected much US IPO activity in November. And since there was nothing exciting in sight for the European and the main Asian markets, it was the right time to look at more exotic opportunities. […]

FORTUNE COOKIES

Hong Kong has been the second-largest market for IPOs this year with US$21.4 billion worth of listings. However, this Stock Market still carries a sulfuric reputation despite a tightening oversight from the regulator of the banks that underwrite initial share sales. IPOs sponsored exclusively by local underwriters have been avoided for a long time –with […]

POP MUSIC

September’s US IPO activity was everything we were waiting for. After a rough 12-month period, which started with the China stocks turmoil, it was good to welcome back two sectors that at one time delivered superlative performances for the US IPO market: Tech and Oil. In particular, the return of Tech IPOs came with lots […]

Summer Heat

In July, Creative IPO Fund participated in 8 Initial Public Offerings. It was a busy month when compared with the only 3 deals traded the same month last year. Once again, our global sourcing network afforded us access to IPOs in several markets: one was listed in Hong Kong, 3 in the US, and 4 […]

Half Time

Over the first half of 2016, the IPO markets have had to deal with volatility that makes it difficult to price new stocks, and more importantly, retain investors’ attention and money. The IPO drought has been severe, especially in the US where only 41 companies have made their public debuts, a serious drop compared to […]

Safe Harbour

Two years ago, the technology IPO market could not stop producing new deals for enthusiastic investors. However, so far this year, only three tech companies have brought a public offering to the US market. The latest one, high-speed communications solution provider Acacia Communications, opened on May 13th to great fanfare and brought us a joyful […]

Waiting For The Bellwether

After a four month hiatus for US Tech IPOs, the listing of digital security provider SecureWorks (SCWS) on April 20th was the deal to watch closely as everyone prayed for the canary in the coal mine to sing again. It has been a rough time for technology initial public offerings, as there were just 22 […]

Japanese Delight

In March our Fund participated in 9 IPOs. That number looks extravagant when put into perspective with the global IPO doldrums and the slowest start to any year since Lehman Brothers collapsed in 2008. Worldwide, only $12.74 billion has been raised among 165 deals in the first quarter, versus $37.66 billion from 273 transactions last […]

Go East

Getting an IPO done when markets are bearish is like trying to have a serious conversation with a patient when a pain crisis occurs: you’d rather come back at a better time. With no USA deals in January, a first since the inception of our Fund, the US IPO market was obviously more preoccupied dealing […]

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