IPOs are Back and which ones are Hot

It seems IPO action is starting to heat up. What’s coming and how should you trade it?

Tesla Motors

In an SEC filing, electric car maker Tesla announced plans to raise $100 million through a share offering – though it did not provide an IPO date. According to CNBC’s Bob Pisani speculation on the Street suggests the offering comes this month.

Currently the company makes a two-door roadster that sells for over $100,000 but has plans to start selling a 4-door sedan for $49,900.

Film Department Holdings

According to the LA Times, this independent film producer is planning to sell 6.5 million shares for as much as $14 each, to raise about $90 million. The stock would trade on Nasdaq under the ticker symbol TFDI.

Ironwood Pharmaceuticals

According to the website Renaissance Capital, Ironwood Pharmaceuticals (IRWD) is developing a new treatment for irritable bowel syndrome and constipation. The firm plans to raise $250 million by offering 16.7 million shares at a price range of $14-$16. Shares will trade on the NASDAQ under the symbol IRWD.

FriendFinder

According to the website Renaissance Capital, FriendFinder is an online adult social networking company. The company plans to raise $220 million by offering 20 million shares at a price range of $10-$12. Shares will trade on the NYSE under the symbol FFN.

What must you know?

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Of the 7 IPOs we’ve had this year only 1 is trading above it’s IPO price, explains CNBC’s Bob Pisani. But if you want to take a chance, of all the companies listed above, Ironwood and FriendFinder are the two to watch, he says.

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