# of IPOs in 1998: 374
Total capital raised: $36.8 billion
Number of 1999 IPOs currently trading below their offer price: 54%
# of IPOs in 1999: 541
Total capital raised: $69.1 billion
Number of 1999 IPOs currently trading below their offer price: 23%
Average rise on first day of trading: 67%
Average gain through December 20: 170%
Here's the top ten of the Class of 1999 as of last Thursday. Note that
after the bell on Thursday, CommerceOne split 3-for-1, and today it was
up 60 *post* split points, so CommerceOne is now the #1 IPO of 1999.
180 presplit points in one day, that's gotta be a record. CommerceOne
is now a $19 billion company. Numbers 1-4, 7, and 9 are "b2b plays"
companies; Number 5 is a "fibre channel play"; Number 6 is "linux plays";
and Numbers 8 and 10 are "wireless plays". Okay, here's the top 10:
1. Internet Capital Group (ICGE) -- +2948% since Aug 4
2. CommerceOne (CMRC) -- +2747% since July 1
3. Purchase Pro (PPRO) -- +1675% since Sept 13
4. VerticalNet (VERT) -- +1667% since Feb 10
5. Brocade Communications (BRCD) -- +1568% since May 24
6. Red Hat (RHAT) -- +1528% since July
7. Vignette (VIGN) -- +1484% since Feb 18
8. Liberate Technology (LBRT) -- +1428% since July 27
9. E.piphany (EPNY) -- +1415% since Sept 21
10. Rohit's personal favorite, Phone.com (PHCM) -- +1378% since June 10
One more statistic. This one is on consumer spending: Americans will
have spent a record $185 billion in retail stores during this six-week
holiday shopping season. That will push retail sales to an estimated
$790 billion for 1999, up 74% from just a decade ago. Inflation
accounts for less than half of that growth. Simply amazing.
Anybody else would have left you by now. But I'm sticking with you. I
said I would. And if I gotta ride your ass like Zorro, you're gonna
show me the money. You gonna show me. Show me. We together on this,
know what I'm saying? We one. The both of us. You know?
-- Rod Tidwell to Jerry Maguire