Ease of Use
Want to know how well a stock will do after its IPO? That’s where IPOScoop comes in. IPOScoop is an online service that uses information from Wall Street analysts to rate new IPOs so you can gauge how well they will perform. In addition to these SCOOP Ratings, IPOScoop also offers an IPO calendar, IPO analysis, and lists all quiet and lock-up period expirations. Should you sign up for this service? Read our complete IPOScoop review now to find out.
IPOScoop is an online service that helps you gauge how well a stock will perform in the days following its IPO. The platform uses information from Wall Street analysts to rate each new IPO on a 1-5 scale, and it has a nearly 90% accuracy rate over the past 20 years.
So, can IPOScoop help you trade the IPO market? We’ll cover everything you need to know to decide whether this service is right for you.
IPOScoop Pricing Options
IPOScoop costs $19.95 per month or $199.50 per year. You can try out the service for 30 days before committing to a paid plan.
SCOOP ratings (Street Consensus Of Opening-day Premiums) are at the heart of IPOScoop. SCOOP ratings are based on information from Wall Street analysts and investment professionals, and they range from 1 to 5 stars. A 1-star rating indicates that the stock is expected to trade flat after its debut, while a 5-star rating indicates that the stock could double in value from the IPO price.
SCOOP ratings have proven to be extraordinarily accurate. IPOScoop has been 88.8% accurate on IPO calls going back to 2000, and the service was over 90% accurate in rating 198 IPOs in 2020. It’s worth noting, though, that IPOScoop includes stocks that performed better than the SCOOP rating’s prediction as wins.
The IPO Calendar is a table of all upcoming IPOs in date order. You can easily see the expected IPO price range, the lead financial institutions managing the IPO, and the SCOOP rating for each stock. IPOScoop also indicates whether the SCOOP rating has been upgraded or downgraded ahead of the IPO, making it easier to find especially hot new listings.
IPOScoop offers several tools for finding IPOs worth trading. First, there’s a SCOOP Ratings table that operates similarly to the IPO Calendar. The main difference is that IPOs are organized by SCOOP rating rather than by listing date. You can also view IPOs by managing financial institution or by industry.
To get a sense of how the overall IPO market is doing, IPOScoop breaks down the results of recent IPOs. You can see the IPO-to-date return of the last 100 IPOs or all IPOs this year, along with their SCOOP ratings. You can also see IPO returns by managing financial institution, which makes it easy to identify if a particular bank is consistently underpricing IPOs.
For any company that’s filed or gone public, IPOScoop offers basic information from its S-1. You can quickly see a company’s business statement, revenue, and net income.
Quiet and Lock-up Period Expiration
IPOScoop also lists all upcoming quiet period and lock-up period expirations. New information about a company’s finances can emerge at the end of the 40-day quiet period following an IPO, which can push the stock price up or down. When the 6-month lock-up period following an IPO expires, IPO investors frequently sell their shares, pushing the stock price down.
Customization and Layout
IPOScoop doesn’t provide many customization options. You can sort tables by any column, but it’s not possible to download IPO data as a spreadsheet for further analysis.
You’ll receive email alerts when a SCOOP rating is changed and an email digest showing all IPOs scheduled for the next day. However, you can’t customize alerts or set up a watchlist to easily return to IPOs you’re interested in.
IPOScoop Platform Differentiators
IPOScoop stands out for its SCOOP rating system, which is both simple to interpret and highly actionable. It’s easy to spot IPOs that Wall Street analysts think will pop after listing, and you can quickly sort to find IPOs that have been upgraded before hitting the market. The extremely high historical accuracy of the SCOOP ratings provides confidence that the ratings can be trusted.
That said, IPOScoop doesn’t provide much information beyond the SCOOP rating. There’s little in-depth information about a company’s financials, funding rounds, or business model. The only way to follow up on the SCOOP rating is to dive into the company’s prospectus or turn to outside analysis.
What Type of Trader is IPOScoop Best For?
IPOScoop is best for traders who want to invest in promising IPOs. This type of trading can be highly risky since it’s often unclear how investors will respond to companies when they first hit the market. IPOScoop’s information about what Wall Street analysts think will happen to a stock after its IPO can help you decide whether to buy a particular IPO stock.
- SCOOP ratings are extremely accurate
- Quickly find SCOOP rating upgrades and downgrades
- Email digest covering the next day’s IPOs
- Sort IPOs by manager and industry
- 30-day free trial
- Very little financial information about IPO companies
- Cannot download SCOOP rating data