Category Archives: The IPO Buzz

By: John E. Fitzgibbon, Jr.

No one likes to bring home a bad report card, and Wall Street’s denizens are not immune to that sentiment. As summer comes to an end and the IPO market is in its seasonal hibernation, it’s a good time, though, to take a look at how IPOs have performed so far in 2008.

By: John E. Fitzgibbon, Jr.

The gold rush is on at the Beijing Olympics and the Chinese athletes are in the thick of things. In contrast, no one’s been going for the gold when it comes to Chinese IPOs in the U.S. capital markets. Nevertheless, those deals have produced some interesting results.

By: John E. Fitzgibbon, Jr.

Rackspace Hosting President and CEO Lanham Napier stepped up to the balcony of the New York Stock Exchange on Friday morning and rang the opening bell. The unexpected happened. He and the company’s executives watched their stock go from a “hot IPO” to a bear market on its opening trade.

By: John E. Fitzgibbon, Jr.

After a three-week layoff, the IPO calendar gears up this week with two offerings. Both are expected to start trading Thursday, July 24, and each deal is shrouded with a degree of mystery.

 

By: John E. Fitzgibbon, Jr.

When Wall Street opens for business on Monday, its investment bankers will have three deals on their equities calendar. None are IPOs. They will be secondary or follow-on offerings, and two have roots in the IPO market.

By: John E. Fitzgibbon, Jr.

The financial media reported that no venture capital-backed IPOs were priced during 2008’s second quarter. One published story even read, “For the first time since 1978, there were no venture-backed Initial Public Offerings (IPOs) in the second quarter of 2008, according to the Exit Poll report by the National Venture Capital Association (NVCA) and Thomson Reuters.” Wrong! Don’t believe everything you read. Verso Paper (NYSE: VRS) got priced.

By: John E. Fitzgibbon, Jr.

As 2008’s first six-month period comes to a chilling close, investors will be watching to see if the stock market slips into bear market territory. You’d think that and the July 4^th holiday break would scare bankers. Not at all — they plan to price three IPOs to start the year’s second half.

By: John E. Fitzgibbon, Jr.

Two special purpose acquisition companies, or SPACs, surfaced on the IPO calendar late last week. One is scheduled for this week, the other for next. Both are targeting the maritime transportation industry.