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The IPO Buzz: Three Before the 4th

By: John E. Fitzgibbon, Jr.
As 2008’s first six-month period comes to a chilling close, investors will be watching to see if the stock market slips into bear market territory. You’d think that and the July 4th holiday break would scare bankers. Not at all -- they plan to price three IPOs to start the year’s second half.
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Company Symbol proposed Lead Managers Shares (millions) Price Low Price High Est $ Volume Expected to Trade SCOOP Rating Rating Change
* Happy July 4th 7/7/2008
Week of
S/O S/O
First Class Navigation FNV.U Dahlman Rose/ Ladenburg Thalmann 12.50 10.00 10.00 $ 125 millions 7/8/2008
Week of
S/O S/O
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2008 IPO Scorecard - July 3, 2008

Number of IPOs priced (Excluding 14 units): 27
Number Up: 15
Number Down: 12
Number Unchanged: 0
Percentage Change From Issue Price: 14.78%
The Nasdaq Composite Index   -15.34%

Last 100 IPOs - July 3, 2008

Number of IPOs priced: (Sept. 27, 2007) 100
Number Up: 37
Number Down: 63
Number Unchanged: 0
Percentage Change From Issue Price: -2.64%
Percentage Change for The Nasdaq Composite (from Sept. 27, 2007) -17.13%
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