Category Archives: The IPO Buzz

This fall’s high-flying IPO market lost altitude last week and hit the runway without all its landing gear in place. By Friday’s close, three of six deals finished below their initial offering prices and the average aftermarket performance for all six was a minus 0.21 percent.

 

What do you get when you see an opening-day gain from a $20 billion IPO of 15 percent, a REIT popping for 13 percent and a deal from a troubled industrial sector gaining 18 percent? Maybe an IPO frenzy?

Bull markets are more fun.

 

In case you hadn’t noticed, the running of the IPO bulls started in mid-September. And this week looks to produce the biggest new-issues calendar since January.

 

 

If you don’t know the horse, bet the jockey. That advice has floated around the race tracks for decades. The same could be said for Wall Street, its IPO stable and its investment bankers.