How These Two IPOs Performed On Friday

Five I.P.O.’s to look for on Friday

How These Two IPOs Performed On Friday

How These Two IPOs Performed On Friday An initial public offering refers to the event when a company’s stock begins trading on a public stock market, be it the New York Stock Exchange or the Nasdaq exchange, for the first time.

Friday’s trading action featured two IPOs: Camping World Holdings (NYSE: CWH), a provider of services, protection plans, products and resources for recreational vehicle (RV) owners.

The other company, Everspin Technologies (NASDAQ: MRAM) is a manufacturer of  discrete and embedded magnetoresistive random-access memory (MRAM) and spin-torque MRAM (ST-MRAM).

Here is how the two companies performed during their first day of trading.

Camping World

Camping World first filed for its initial public offering in mid-June amid great enthusiasm as it is one of the few private companies to record more than $1 billion in annual sales.  In fact, the company reported total sales in 2015 of $3.33 billion which represents a 25 percent year-over-year growth.


Profit for 2015 surged by 43 percent to $178.5 million in 2015.

The company has more than 3 million active customers but the total addressable market, that is households in the U.S. who own an RV, is around 89 million.

Camping World priced its initial public offering at $22 a share and opened for trading at $23.75 per share.  The stock traded as low as $22.03 and as high as $24.35 before it settled the day at $22.47.


Everspin considers itself a global leader in magnetic memory design and manufacturing.  The company boasts a portfolio of more than 500 patents and applications and leads the market in development of both in-plane and perpendicular magnetic tunnel junction (MTJ) ST-MRAM bit cells.  

According to, Everspin generated $26.5 million in revenue in 2015 which marks a slight improvement from $24.9 million in the prior year.  On the other hand, the company’s net loss worsened in 2015 to $18.2 million from $10.2 million a year ago.

The company does have over 600 end-customers, including notable names such as NXP Semiconductors and Broadcom.

Everspin priced its IPO at $8 a share and opened at $9.99 per share.  However, the stock gave up most of its gains and closed the day higher by just two cents at $8.02.

Anyone Else?

Forterra, a manufacturer of concrete and iron pipes for the drainage and water transmission sector, confirmed on Friday it has priced its IPO at a range of $19 to $21 per share.

The company’s total sales for the 12 month period ending on June 30 is $1.7 billion.  Shares will trade on the Nasdaq exchange under the ticket “FRTA” during the week of October 17, 2016.