On July 17th, 2015, it was announced that video game retail chain Gamestop acquired Geeknet for $140m. The news went almost unnoticed except by those with excellent IPO memory. Geeknet’s previous name was SourceForge, and before 2007, SourceForge was VA Software. Going back further, VA Software was VA Linux before 2001. The latter was founded […]
The IPO market is a strange place with its own jargon. Words have their own meaning, and hyperbolic understatements or overstatements seem to flourish. When LoanCore Realty Trust, a real estate finance company, pulled out of its IPO on June 30th, “market conditions” was cited as the main reason. The reality is nobody wanted to […]
June was our busiest month since the inception of the Fund in 2013. We traded 11 IPOs : 6 in the US, 2 each in Europe and Hong Kong, and one more in Japan. This month was quite the roller coaster ride: The Good: The wearable fitness device manufacturer, Fitbit (FIT), was the trade of […]
What if instead of selling our IPO allocations on the first trading day, we showed some patience -and faith- and kept them in our portfolio for a longer period? Of course, a longer position requires different stock picking talents, but what would be the Return on Investment with this strategy? To answer this question, we […]