Boulder, Colorado based Rally Software has filed an S-1 registration statement with the U.S. Securities and Exchange Commission as part of a $70 million IPO. Deutsche Bank and Piper Jaffray will be the lead book-running managers for the IPO. Needham & Company, JMP Securities, and William Blair & Company will be co-managers of the deal.
Piper Jaffray analyst Gene Munster is predicting that Apple will sell 10 million iPhone 5 units in the first 3 weeks on the market. It took Samsung about 50 days to reach that same 10 million unit sales number for the Galaxy S III. Apple sold 4 million iPhone 4S devices in the first weekend of being released on the market.
Kayak.com, the hotel and flight search engine company, has filed for a $100 million IPO with a trading range of between $22 to $25 on the Nasdaq exchange. Kayak will trade under the symbol “KYAK.” Kayak will offer four million shares and will raise a maximum of $100.6 million, which is twice as much as their initial filing.
Piper Jaffray Senior Research Analyst Gene Munster has been focusing on Internet companies since 1995. Munster is predicting that Apple will launch an LCD TV set during in the first half of 2013. The Apple television set will retail for between $1,500 and $2,000 with screen sizes that range between 42 inches and 55 inches.
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Piper Jaffray Senior Research Analyst Gene Munster told investors on Tuesday that he recently spoke to a major TV component supplier to learn more about Apple’s rumored plans to release a connected HDTV. The supplier confirmed with Munster that Apple did contact them “regarding various capabilities of their television display components.”
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Analyst Gene Munster has found in Piper Jaffray data that iPhone users are much more loyal to their phone brand than Android and Blackberry users. InformationWeek reports that he estimates about 94% loyalty from iPhone owners when they go to buy their next phone, compared to about 47% loyalty in Android owners and 26% loyalty in BlackBerry owners. Of those surveyed, 42% of Android owners and 67% of BlackBerry owners plan on switching to iPhone with their next purchase.
Sky-mobi Ltd. is a China based mobile application store service under the name of Maopao that has filed for an IPO this past Friday. The company is hoping to raise $150 million in the IPO. In a filing with the SEC, Sky-mobile did not specify how many American depositary shares they would be offering. They plan to trade on the Nasdaq Global Market under “MOBI.”
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Above is a chart generated by Piper Jaffray analyst Gene Munster about what an application costs Apple to sell. Apple currently claims that the App Store is at or near broke even.
Munster used two pieces of information to make these assumptions. In Steve Jobs’ keynote two weeks ago, he said that 5 billion apps have been downloaded and $1 billion has been paid out to developers. Below are some of Munster’s key points regarding those figures.
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