Which Buyout-backed IPO (in 2010) Is the Best Performer?

Initial public offerings by U.S.-based buyout shops so far this year include some heavy hitters, but how are the portfolio companies that went public in 2010 doing? The accompanying chart looks at 10 with the highest returns through March 18.

As of March 18, 2011, Oasis Petroleum Inc. has performed the best as a public company based on the increase in its stock price. Its shares are trading 112.57 percent higher compared with its IPO price. EnCap Investments’s Oasis Petroleum went public on June 17. It raised $588 million through the sale of 42 million for $14 a share. The Houston-based oil and gas explorer and producer ended Friday at $27.76.

NXP BV was the top ranked LBO-sponsored company that went public in 2010, based on its post offer value of about $3.49 billion. The Netherlands-based semiconductor company raised $476 million through the sale of 34 million shares at a price of $14 in August. The company’s stock ended Friday’s session at $27.55, which represents an increase of 96.79 percent from its IPO price. NXP’s backers were Bain Capital, HarbourVest Partners LLC, Kohlberg Kravis Roberts & Co., Partners Group AG and Silver Lake.