Category Archives: The IPO Buzz

 

By: John E. Fitzgibbon, Jr.

 

The new General Motors (GM – proposed) offering is turning out to be the lightning rod of this week’s busy IPO calendar. And while it seems that all eyes are on the big IPO coming out of Detroit, it appears that some folks are missing in Motor City.(More on that later.)

 

 

By: John E. Fitzgibbon, Jr.

 

The biggest news coming from the Land of IPOs last week was General Motors’ announcement of terms for its multibillion-dollar offering. It was not the only news in town. Under the radar: Another big, big story was in the works.

 

 

By: John E. Fitzgibbon, Jr.

 

The ghosts and goblins who danced their way through October’s IPO market had names. They were known as ShangPharma (SHP) and Le Gaga Holdings Limited (GAGA).

 

 

By: John E. Fitzgibbon, Jr.

 

By the time the closing bell rang on Friday, the IPO market had achieved a landmark. At that point, more deals had been priced this year than in the last two years combined.

 

 

By: John E. Fitzgibbon, Jr.

 

As the drumbeat intensifies on the pending General Motors’ IPO, let’s take a step back and look at fact versus fiction.

 

 

By: John E. Fitzgibbon, Jr.

 

A “dead-cat bounce” is Wall Street jargon for an IPO that is priced below its original filing range and then pops in the aftermarket. Over the past 10 trading days, we have seen this happen a few times. Don’t be fooled into thinking it’s always this way.

 

By: John E. Fitzgibbon, Jr.

 

The IPO show came to town last week with all the fanfare of a three-ring circus. There were 10 deals on the calendar and they were expected to raise about $2.8 billion. In the end, fewer deals got done. But the center ring’s high-wire act produced some thrills and spills. And the sideshow could be a sign of this week’s coming attractions.

 

 

By: John E. Fitzgibbon, Jr.

 

The phrase “increase a deal – double my order” came to Wall Street over a decade ago. In Main Street language, it means when bankers increase the offering terms of an IPO, it could very well be a “hot issue.” The most recent price increase happened to one of the IPOs on tap for this week.

 

 

By: John E. Fitzgibbon, Jr.

 

Thunder and lightning swept through Wall Street last week in the form of a Chinese IPO. The stock popped for an opening-day gain of 72.9 percent. And guess what? Other Chinese companies started jumping onto the new-issues calendar.

 

By: John E. Fitzgibbon, Jr.

 

With the summer of 2010 fading into memory, attention is turning to fall’s IPO market. If the pipeline is any indication, things could get busy.