Over the decades, there has been one sure way to handicap an IPO’s opening-day performance. This year was a classic case.
While the elves are scrambling to pack Santa’s sleigh, bankers are getting into the holiday spirit – or spirits – far from the corner of Broad and Wall. On Friday, the final curtain dropped on the 2014 IPO calendar.
Two immunotherapy companies top the final weekly IPO calendar of 2014. The experts predict that both will light up the new-issue skies and close 2014 like the climax to a Fourth of July fireworks show set to Tchaikovsky’s “1812 Overture.”
Wall Street is bracing for an end-of-the-year flurry of IPOs before the window closes for 2014. This week’s calendar lists 12 IPOs, with 10 expected to trade on Thursday and Friday.
December brings us the holidays, anticipation of the New Year and a short IPO calendar. Unlike Santa’s workshop, the IPO production line shuts down around the middle of the month.