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Will CafePress Impress Wall Street in Its Public Market Debut?

Tricia Duryee — Wed, 28 Mar 2012 22:30:00 +0000

CafePress, which can print just about anything on a mug, poster, iPhone case or T-shirt, is now trying to print money.

The San Mateo, Calif.-based company is looking to raise up to $80 million, for a market valuation of up to $305.6 million.

The company should price tonight at $16 to $18 apiece and start trading tomorrow on Nasdaq under the symbol PRSS.

UPDATE: This evening, CafePress announced that it priced above the range at $19 a share. It plans to sell 2.5 million shares, and shareholders are looking to unload another two million.

CafePress is the latest consumer-facing technology company to raise money in the public markets. Other recent IPOs falling into this category range from Groupon to Angie’s List and Yelp.

The two most recent, Angie’s List and Yelp, have both performed well.

Angie’s List, which aggregates consumer reviews of service providers, debuted in November at $13 a share and is now trading at $19.91 a share. Yelp, which also aggregates reviews of restaurants and other local businesses, has done even better. After pricing earlier this month at $15 a share, it now trades at $28.10 a share.

Before it pays underwriters, CafePress’s share of the proceeds will fall between $40 million and $45 million.

In 2011, the company recorded a profit of $3.6 million on revenues of $175 million. Last year, it had 2.7 million customers with an average order of $50 each. A year earlier, it had 2.1 million customers with an average order of $48.

Underwriters include J.P. Morgan, Cowen and Company, Raymond James, Janney Montgomery Scott, and Jefferies.

It’s Cellphone Mania as Street Sees Signs of Recovery

Eric Savitz — Tue, 10 Mar 2009 18:40:22 +0000

Shares of companies in the mobile phone sector are staging a furious rally today, with many companies up by 10 percent or more, on some hints from the industry that demand might be bottoming. Here are a few factors contributing to the more bullish tone:

Texas Instruments (TXN) last night narrowed its Q1 guidance range. The post-earnings conference call was hardly bullish, but TXN VP for investor relations Ron Slaymaker did say that the company’s wireless business is doing a little better than expected, and that “the handset number came up a little bit relative to our initial expectation.”
According to a research note from Raymond James analyst Todd Koffman, executives from RF Micro Devices (RFMD) speaking at the Raymond James conference in Orlando yesterday said that handset demand has strengthened in the current quarter, with February stronger than January, and January stronger than December. The company indicated that it expects rapid improvement in capacity utilization, which was at just 25 percent in early March.

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Trina Sell-Off Overdone, Says Raymond James

Tiernan Ray — Mon, 18 Aug 2008 22:27:35 +0000

Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4 percent today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year. The selloff may be overdone, opined Raymond James analyst Pavel Molchanov in a chat I had with him by phone this afternoon.

Trina sales of $204.2 million nearly tripled from the prior-year period, beating the average $202.5 million estimate, while profit of 68 cents was short of an 81-cent estimate, in large part because of a $6.1 million foreign exchange loss owing to the rise in the Chinese Renminbi against the dollar.

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