In the past year, the worsening credit situation and downturn in the overall economy have had a negative effect on the frequency and performance of IPOs. Nonetheless, there have been a few exceptions as companies like fertilizer manufacturer Intrepid Potash (NYSE: IPI - News) and oil and gas producer SandRidge Energy (NYSE: SD - News) have posted impressive numbers.
Fertilizer maker Intrepid Potash was a highly anticipated IPO that has surged about 75% from its offer price in the three months since debuting. The success that the stock has enjoyed can be attributed to the booming agriculture sector, which has also been a boon to companies like Monsanto (NYSE: MON - News) and Mosaic (NYSE: MOS - News). Intrepid has been quite popular in the tickerspy community. Members who track Intrepid Potash are also likely to track Potash (NYSE: POT - News), another high-flying fertilizer firm.
SandRidge Energy also debuted recently and is also enjoying enormous success in this tough market. The share price is up nearly 90% from its November IPO. The company is involved in a broad range of energy services, including exploration, development and production of natural gas and oil. 13 Pro investors reported the stock as one of their top-15, U.S-listed, equity holdings at the end of Q1, including highly regarded hedge funds Lone Pine Capital, Farallon Capital Management, and Touradji Capital Management. The tickerspy members tracking the company are also likely to be tracking other big name energy firms such as Chesapeake Energy (NYSE: CHK - News), XTO Energy (NYSE: XTO - News), and Petrobras (NYSE: PBR - News, PBR-A - News).
Generally speaking, however, SandRidge and Intrepid have been exceptions to the IPO trend, as quite a few recent IPOs have faltered in their first months of trading. Among these is Chinese online gaming firm Giant Interactive (NYSE: GA - News), which has dropped by about -30% from its offering price as a general malaise surrounding Chinese stocks has set in over the last several months. Nonetheless, quite a few tickerspy members are tracking the stock. These members are likely to be active in other Chinese names, including Baidu.com (Nasdaq: BIDU - News) and Ctrip.com (Nasdaq: CTRP - News).
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