IPOs - From Milkshakes to Spin Class

Strawberry Milkshake

It seems like almost any type of business can take off these days. Not just the next hot app or biotech company. There have been some interesting IPOs (Initial Public Offerings) that have come to market over the last 12 months that may surprise you. Having said that some things never change and that's North American's appetite for cuisine that is not very healthy. That's right. Burgers, fries, shakes, burritos, chicken wings and fried chicken.

 

Just like there is a new idea or concept when it comes to technology or social media there are fresh or new ideas within the restaurant industry as well. Eating at the establishments below may not be very good for your health but some have served up some pretty healthy returns.

 

El Pollo Loco (LOCO) +118%

Bojangles' Famous Chicken'n Biscuits (BOJA) +7%

Shake Shack (SHAK) +106%

Wingstop (WING): +18%

Fogo de Chao (FOGO) +5%

The Habit Burger Grill (HABT) +48%

Dave and Buster's (PLAY) +135%

(The percentage gains above are calculated by taking the opening price on the first day of trading and the highest price traded since)

 

Some other popular IPOs that you may have heard of over the last 12 months include the following:

 

Alibaba Group Hldg Ltd. (BABA) +29%

Etsy Inc. (ETSY) +15%

David's Tea Inc. (DTEA) +20%

Virgin America Inc. (VA) +67%

Box Inc. (BOX) +22%

GoDaddy Inc. (GDDY) +26%

Fitbit Inc. (FIT) +71%

Shopify Inc. (SHOP) +50%

(The percentage gains above are calculated by taking the opening price on the first day of trading and the highest price traded since)

 

With the US equity markets near all time highs the IPO market continues to be active and healthy. Speaking of healthy, Planet Fitness Inc. (PLNT) started trading yesterday and is making new highs as I write this.

 

Another fitness based company Soul Cycle Inc. has filed to go public in the near future. Check out the article about Soul Cycle on Bloomberg. Apparently people pay a dollar a minute for a spin class? Maybe people are not working out to stay fit but are actually working out so they can feel less guilty about eating at their new favorite burger joint?