NEW YORK ( TheStreet) -- The past year has been a ripe environment for initial public offerings; certainly the Facebook (FB - Get Report) IPO in May brought with it fervor for new issues that we had not seen in quite some time. Of course, once Facebook did not take off for the stratosphere, as many hoped that it would, a pall of sorts was cast over the IPO markets.In fact, Facebook now trades 47% below its IPO price, and is facing two more lockup expirations, tomorrow and Dec. 14, which combined, could put another 1.2 billion shares into the float. We could see some interesting days ahead for this name.
Other winning IPOs in the past six months include cloud-based solutions company Workday (WDAY - Get Report), which is up nearly 70% from its $28 IPO price. Shares began trading last month, and are actually down a couple of percent from the opening price of $48.05, once again proving that IPOs can be lucrative, if you can actually get shares at the IPO price. Shares of Chuy's Holdings (CHUY - Get Report) which operate a chain of Mexican restaurants are up 62% since debuting in July. That's despite falling 25% since July. Chuy's shares currently trade for about 32 times 2013 consensus estimates, also too rich for my blood. This chain is very small at this point with 37 locations, and not likely to give Chipotle (CMG) a run for their money in the near future.