This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

The Best IPOs of 2010

Stocks in this article: PRICELMPDM

BOSTON ( TheStreet) -- Initial public offerings dried up in 2008 amid the global economic crisis, although 2010 is shaping up to be a rebound year in terms of IPO volume in the U.S.

According to Renaissance Capital's IPO Home Web site, 57 IPOs have been priced in 2010, a 533% increase from the same time period a year ago. More than $8.5 billion in total proceeds have been raised so far this year; that's over 350% more than in the first six months of 2009.

Even though 2010 has nearly eclipsed the previous year in terms of the number of IPOs (57 already in 2010 to 63 in all of 2009), the average IPO return in 2010 has been -3.6% from the offer price, a statistic that may scare investors away from initial public offerings in the second half of the year. However, some IPOs have rewarded investors with substantial returns. TheStreet examines the highest-returning IPOs in the first half of 2010 and what investors can expect the rest of the year.

10. MaxLinear (MXL) is a radio-frequency and mixed-signal integrated circuits provider for broadband communications applications.

IPO Date: March 23

Offer Price: $14

Return Since IPO: 13.3%

Stock: MaxLinear's IPO priced above its expected range of $11 to $13. The stock has a price-to-earnings ratio of 45.97, which is expensive compared to the semiconductor industry average of 11.98. For instance, Analog Devices (ADI) has a P/E ratio of 13.99.

Consensus: Of the four analysts covering MaxLinear, all recommend purchasing its shares. Thomas Weisel offers a target of $23, leaving a potential return of 42%. Both Deutsche Bank and Needham & Co. expect the stock to hit $19.

1 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs