NEW YORK (TheStreet -- The IPO market continues to deliver a full slate of offerings, and this week is no exception.
Year-to-date, 361 IPOs have priced, a 247% increase over 2009. While not all have delivered great performance, these new offerings have so far delivered a 17% return on average.Chinese IPO's have been particularly well received by investors, the latest entry being Xueda Education Group (XUE). The buzz around this company was a good indication of how it would perform in the aftermarket, as was the strong performance of other Chinese education companies, such as Ambow Education (AMBO), which is up 28% since it went public; and TAL Education (XRS) priced at $10 then shot up to $18 and is lately trading around $15.00. Xueda was priced attractively to its peers and ended up going public at $9.50, higher than its expected range of $7.25-$9.25. The stock is already up 50% and lately trading over $13.00. The most established of the Chinese education companies is New Oriental Education (EDU), which has jumped 58% for the past 12 months. Since the previous Chinese education companies performed so well in the aftermarket, it was safe to assumed Xueda would also do well. IPO Desktop's Francis Gaskins points out which offerings have the highest chance of success this week. He dives deep into the offering language to find out whether the company is a private equity bailout or a company that will reward investors.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV