Category Archives: The IPO Buzz

The IPO Buzz: Retreat, But No Surrender

By: John E. Fitzgibbon, Jr.
With the three major U.S. stock market indexes down anywhere from 35 percent to 42 percent for the year, you won’t see any IPO filings from the U.S. Securities and Exchange Commission’s filing window. The only traffic has been withdrawals and secondary offerings. Last week was an example.
 
December 15, 2008 Read More

The IPO Buzz: Grading on the Curve

By: John E. Fitzgibbon, Jr.
If a kid brought home a report card like 2008’s IPO Scorecard (see below, left-hand side of home page), there might be trouble. If the kid happened to be a college student, though, there might not be — if the professor graded on the curve.
 
December 7, 2008 Read More

The IPO Buzz: Down to Zero

By: John E. Fitzgibbon, Jr.
During the first two weeks of December, bankers traditionally ride through the valley of IPOs — deals to the right of them, deals to the left of them and deals in front of them — but not this year, due to market conditions.
 
November 30, 2008 Read More

The IPO Buzz: Unkind Cuts

By: John E. Fitzgibbon, Jr.
The first IPO to be priced in 104 days crashed on take-off. It should have come as no surprise if one had been reading the early warning signs -– an old axiom dating back decades — “cut a deal, cancel my order!”
November 23, 2008 Read More

The IPO Buzz: The World Keeps Turning

By: John E. Fitzgibbon, Jr.
There was a glimmer of hope for the IPO market on Monday when three companies filed to go public, the first filings since late September, and the calendar boasted an IPO for the week of November 17, the first since mid-August.
November 16, 2008 Read More

The IPO Buzz: IPOs Love Democrats

By: John E. Fitzgibbon, Jr.
There’s no question that IPOs love Democratic presidents. Over the last four decades, the new-issue traffic runs 34 percent higher than “average” when a Democratic president resides in the White House and 15 percent below “average” when the GOP occupies 1600 Pennsylvania Avenue.
November 8, 2008 Read More

The IPO Buzz: When Numbers Talk

By: John E. Fitzgibbon, Jr.
On Wall Street, numbers do the talking. In October, some significant numbers popped up that could tell investors what might be going on behind the scenes of one of the worst bear markets in recent memory. The Dow Jones industrial average was in the spotlight, with a few numbers that could serve as signals about what might happen next.

November 2, 2008 Read More

The IPO Buzz: Bears Gone Wild

By: John E. Fitzgibbon, Jr.
On Friday, the bears went wild. The futures were down the limit in pre-opening trading and Wall Street braced itself for a bone-crushing freefall when the markets opened. The Dow Jones Industrial Average (DJIA) tumbled about 512 points in early morning trading and then recovered. Nevertheless, it did close at 8,378.95, a new closing low for the year, but the day did not completely belong to the bears. The DJIA failed to hit an intraday yearly low and trading was a “normal,” by recent standards, volume of 6.55 billion shares.  
October 26, 2008 Read More

The IPO Buzz: Up in Smoke

By: John E. Fitzgibbon, Jr.
On Monday, Oct. 6, CapitalSource Healthcare REIT set proposed pricing terms for its IPO and its bankers announced its pricing date – Wednesday evening, Oct. 15 – so far, so good. On Oct. 15, the deal was postponed “due to market conditions.” And another dream of being the fall’s first IPO went up in smoke.
October 20, 2008 Read More
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