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The IPO Buzz: IPO Fireworks Before the 4th
The IPO market closed out 2012’s first half with a bang. On Friday – the final trading day of the six-month period – ServiceNow (NOW), a cloud-computer company, scored a gain of 36.7 percent in its debut on the New York Stock Exchange. (More on that later.) ServiceNow was one of four IPOs to hit the launching pad during the final week of June. All finished in the winner’s circle – a fitting coda just before the IPO market’s Fourth of July break.
IPO Traffic: Week Ending June 29, 2012
The IPO Buzz: Back to the IPO Launching Pad
With one eye on the stock market and the other on hope, this week’s IPO calendar has four deals on its launching pad. The IPO experts had not expected any movement until after the July 4th break, and they still might be right.
IPO Traffic: Week Ending June 22, 2012
The IPO Buzz: Reading the IPO Fine Print
It’s always a good idea to read the fine print in a contract, even if it’s so thin that it looks like a straight line. And it’s a good idea to read an IPO’s “red herring.” One will find valuable information within its pages.
IPO Traffic: Week Ending June 15, 2012
The IPO Buzz: Double Whammies and a Drought
The IPO market was hit with double whammies that dried up the calendar. But somewhere in time, there is a light at the end of the tunnel.
IPO Traffic: Week Ending June 8, 2012
The IPO Buzz: Busting the Lock-Up Myth
(Editor’s Note: This is an updated column that clarifies a case of the extension of a lock-up period’s expiration date.)
These headlines – “As Lock-Up Expires, Groupon’s Shares Plunge” and “Groupon shares drop as IPO lock-up ends” – ran on two major financial news services on Friday, June 1. Not to be outdone, more than a dozen others chimed in with their versions of the same story.