Tuesday, December 20, 2011

A Tale of 2 IPOs

Any investor paying attention should know this last week was the busiest IPO week in the U.S. in years. The slate was headlined by well-known Facebook game maker Zynga (ZNGA), with secondary focus on Jive Software (JIVE) and luxury retailer Michael Kors (KORS). The rest of the IPO's had limited focus.

Already knowing the issues with Zynga are similar to Groupon (GRPN) and Angie's List (ANGI), we quickly zipped past that offering (dropped 5% on first trading day Friday). Read Why Angie's List Shouldn't Be Listing for more details.

MIchael Kors is interesting as well, but the stock looks pricey and investors already have plenty of luxury retailers to buy.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 



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