The IPO of Commodities exchange
NYMEX Holdings Inc. (
NMX: chart) in November made the best first-day performance of any IPO in the past year, with a 125% gain.
NYMEX priced its IPO of 6.5 million shares, at $59 per share, above its forecast range. The deal was worth $385.5 million.
New York-based NYMEX followed the line of successful IPOs from exchanges in 2006. The
NYSE Group Inc. (
NYX: chart) launched its shares in March and rose 25% on their first day of trading.
IntercontinentalExchange (
ICE: chart) and
CBOT Holdings Inc. (
BOT: chart) both soared at their start.
Tech stocks played an important role in the IPO market during the past year.
The computer products provider
Isilon Systems Inc. (
ISLN: chart) and the computer networking equipment maker
Acme Packet Inc. (
APKT: chart) were the third and fourth best first day performers of the year with 77.7% and 67.5% gains, respectively.
Acme Packet raised $109 million with an IPO that priced above a forecast range. The offering of 11.47 million shares was priced at $9.50 per share, above the expected range.
Riverbed Technology Inc. (
RVBD: chart) and
Omrix Biopharmaceuticals Inc. (
OMRI: chart) were the top gainers, rising about 230% and 220%, respectively, during the year.
Shares of computer networking company Riverbed Technology rose 48% in their firs day of trading, representing one of the best IPO openings of the year. The 8.8 million share offering raised $85.8 million, after pricing at $9.75 above the forecast.
Omrix Biopharmaceuticals priced its initial public offering of 3.4 million shares of common stock at $10.00 per share, below the forecast for $12 per share.
Medical device and a tech companies were also among the year''s worst performers.
Alphatec Holdings Inc. (
ATEC: chart) and
Vonage Holdings Corp. (
VG: chart) both fell 59% since their market debuts.
The finance sector had the most U.S. IPOs with 55 deals, worth about $9 billion.
The investment banks
KBW Inc. (
KBW: chart),
Thomas Weisel Partners Group Inc. (
TWPG: chart),
Cowen Group Inc. (
COWN: chart), and
Evercore Partners Inc. (
EVR: chart) ended the year above their offering prices after several ups and downs.
A number of Asian companies made successful U.S. IPOs during the past year.
Shares of China-based hotel chain
Home Inns & Hotel Management Inc. (
HMUN: chart) rose 72% on their first day of trading.
Home Inns raised more than $109 million with an offering of 7.9 million American Depositary Shares priced at $13.80 each, well above the forecast range.