Author Archives: admin

By: John E. Fitzgibbon, Jr.

June’s IPO calendar kicks off with a real estate investment trust offering. The name is Government Properties Income Trust (NYSE: GOV – proposed), which invests in properties leased to various U.S. government agencies, such as the Federal Bureau of Investigation, Food and Drug Administration, Immigration & Customs Enforcement, Drug Enforcement Administration and others. Now, those are tenants nobody wants to mess with.

 

By: John E. Fitzgibbon, Jr.

Thunder and lightning swept into the market last week when a couple of tech IPOs got priced. When something like that happens, the first thing any Wall Streeter asks is: “That’s nice, but what do you have for us now?” The answer -– real estate investment trusts, or REITs. The next question is: Why switch from watching corn pop to grass grow?

By: John E. Fitzgibbon, Jr.

The midnight oil was burning bright on the syndicate desks over the last two weeks. A tsunami of secondary offerings slammed into Wall Street as 50 deals were priced that raised nearly $30 billion, according to available reports. Oh, and by the way, one IPO got out the door last week and there are another two on this week’s calendar.

 

By: John E. Fitzgibbon, Jr.

DigitalGlobe (NYSE: DGI) is expected to be May’s IPO curtain raiser when it’s priced this week. The new issue has already attracted a lot of media attention, and is reportedly a “hot issue.” Nevertheless, the deal carries some baggage. Here’s the story.

 

By: John E. Fitzgibbon, Jr.

The year’s first billion-dollar deal walked down the IPO runway last week. It was China Zhongwang Holdings, but its name was nowhere to be found on any U.S. new-issues calendar. The simple reason was the deal was not registered with the U.S. Securities and Exchange Commission.