IPO Week in Review: 500.com, Vince Hot; LNG, Android, Diagnostics Not

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Out of nine initial public offerings (IPOs) tentatively scheduled for the week ending November 22nd, five actually took place. Here’s a look at how they performed on the first day of trading.

Liquefied natural gas (LNG) shipper, Navigator Holdings Ltd. (NVGS) began trading on Thursday. The company sold 12 million shares at an IPO price of $19, the high end of its expected range of $17 to $19. The company also increase the number of shares on offer from 11.3 million. The shipping company raised about $156 million of which about $73 million will be used to pay for new ships and the rest is tabbed for general corporate purposes. Shares closed at $19.97 on Thursday and $20.06 on Friday.

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Contemporary clothing maker Apparel Holding Corp. changed its name to Vince Holding Corp. (VNCE) immediately before its Friday IPO on Friday. The company sold 10 million shares at $20 a share, above the expected range of $17 to $19. Vince Holding makes high-end apparel under several brand names that are sold in department stores like Bloomingdale’s and Neiman Marcus. The stock opened at $29.50 and closed at $28.66, about 43% above the IPO price.

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U.K.-based Oxford Immunotec Global PLC (OXFD) offered 5.4 million shares at $12, below the expected range of $13 to $15 a share on Friday. The company is a commercial-stage diagnostic test firm. Shares began trading at $14 and closed the day at $15.88.

Sungy Mobile Ltd. (GOMO) priced its IPO at $11.22, near the top of the $9.50-$11.50 range, and the stock opened for trading at $14.11. The China-based company offers a management tool for Android-based smartphones. Shares traded at a peak of around $16 before closing their first trading day at $13.35.

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The week’s biggest winner was 500.com Ltd. (WBAI), another firm based in China, and this one is a service provider for online sports lotteries in the Middle Kingdom. The company priced about 5.8 million shares at $13, and the shares began trading at $20.68 and closed the day at $20.01.

According to The Wall Street Journal there are three secondary offerings on tap for next week, but no IPOs. The largest of these, Sprouts Farmers Markets Inc. (SFM), was supposed to price on Thursday, but that was delayed until Monday likely due to the weak earnings report from The Fresh Market Inc. (TFM) earlier last week. Sprouts is planning to sell 25.9 million shares. Shares closed at $37.86 on Friday, which would indicate a capital raise of around $975 million.

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