Author Archives: John E. Fitzgibbon Jr.

A 600-point freefall in the Dow Jones Industrial Average is significant – and Friday’s 610.32-point loss on the Brexit vote made it the eighth-largest ever. In terms of points, the granddaddy of them all was the Dow’s 777.68-point loss on Sept. 29, 2008 – two weeks after Lehman Brothers collapsed. So the shock of Britain’s […]

Everybody from Silicon Valley to Wall Street will be watching this week’s IPO calendar. The year’s first unicorn plans to make its debut. If the deal works – and if the past is any indication of the future – there could be a floodgate of billion-dollar babies bouncing into the marketplace. The Deal Twilio (TWLO […]

This week’s calendar has three new names on it, but investors can buy shares in two of these companies before the IPOs get priced. How can this be? The answer can be found by reading the not-so-fine print on the front page of each offering’s preliminary prospectus – or “red herring” as it’s known in […]

As every student of initial public offerings knows, IPO traffic is driven by stock market conditions, and the calendar is influenced by industrial sectors. Since last summer, the stock market has looked anemic after taking some big spills – and the most dominant IPO sector has been healthcare. Now a new sector is on the […]

May’s IPO market went out with a bang and touched off the conversation that the calendar is coming to life. Next up: June, July and August. Soon “the summer doldrums” are bound to be discussed in various precincts of the financial press. But here’s the good news: The facts do not support this myth about […]

  Lead Manager/ # of Price Range   Dollar SCOOP New Filings (Proposed Symbol) Joint-Lead Managers Shares Low High Volume Ratings Highland Acquisition (HLACU) (u) Ladenburg Thalmann 25.00 $10.00 $10.00 $250.00 n.a. Selecta Biosciences (SELB) UBS Investment Bank/ Stifel $75.00 n.a. Twilio (TWLO) Goldman Sachs/ J.P. Morgan $100.00 n.a. n.a. (not available) u (unit offering) […]