Investors lucky enough to score stock in the Twitter (NYSE:TWTR) IPO for anything near the $26-per-share issue price are no doubt ecstatic they were able to pile in at that level. The stock nearly doubled in its first day of trading last week, and although it's off those highs, its recent price around $43 still makes it a big winner for those who bought relatively cheaply.
The micro-messaging operator isn't the only new kid on the IPO block, but it is the one that grabbed the headlines. This obscured the debuts of several other issues this month. Here are a few worthy of a look.
Container Store Group (NYSE:TCS)
Like Twitter, this (literal) box retailer has almost doubled the price of its Nov. 1 IPO. Container Store Group benefits from having a straightforward, easy-to-understand business profile (it sells, well, containers) and a physical presence in the form of 63 stores across 23 U.S. states. The company isn't yet in the black, but it seems to be getting there: It has managed to narrow its losses recently, posting a shortfall of less than $1 million in the first six months of its current fiscal year versus H1 2012's $12 million loss.
Avianca Holdings (NYSE:AVH)
Latin America has been a hot market for air travel lately, with the region posting some of the best passenger volume increases of any region in the world in 2012. Avianca Holdings is a marriage of two veteran Latin airlines, Colombia's Avianca and El Salvador-based TACA. In its most recently reported quarter, the company flipped to a net profit of $70 million against the nearly $45 million loss it incurred in the same quarter of 2012. Revenue over that stretch of time inched up by 8% to $1.1 billion. Investors didn't seem all that impressed with any of this, as they bid down the $15-per-share price of the company's IPO of American depositary receipts. The ADRs have come up since then but remain below that issue price. This may present an opportunity for bargain hunters looking to capitalize on the region's growing popularity as a tourist destination.
An interesting play in the dot-com space, Israel-based Wix.com is a do-it-yourself site that allows users to create Web pages from its box of virtual tools. That gives the company a good business foundation -- assuming it can find a way to turn a profit, that is. It fits the profile of a classic online play, with steeply ascending revenue and deepening bottom-line losses -- it posted a net shortfall of $17.8 million in the first three quarters of this year, worse than the $11.5 million deficit in the comparable period of 2012. But top-line growth is encouraging, with revenue coming in 83% higher over the same time frame to hit $55.5 million this past January-September. And in contrast to the stereotypical dot-com, the firm's stock hasn't moved much since its IPO (its most recent closing price was $17.27 per share against a $16.50 debut).
Midcoast Energy Partners (NYSE:MEP)
Another somewhat surprising damp squib of an IPO was this natural-gas concern. Midcoast is a master limited partnership -- a popular type of security just now, thanks to its association with the oil and gas sector and its propensity for declaring fat dividends. Perhaps the market is feeling saturated with MLPs at the moment, or it's just concerned about the relatively low prices of the commodity. Either way, Midcoast's units have languished. They trade nearly $1 below their issue price of $18 per unit, which in turn was below the originally expected range of $19 to $21.
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