Investors are hoping for better returns from this week’s IPO calendar than they got from last week’s offerings. What happened was classic Wall Street. Companies raised billions of dollars. Their bankers pocketed millions and investors left with pennies. Before getting into last week, let’s look to the rainbow and this week’s IPO calendar.
This week, Wall Street is expected to produce another billion dollars in IPO offerings. Actually, it is over $2 billion, but here’s a surprise. This year is playing catch-up to last year’s the IPO traffic.
A billion here, a billion there, and pretty soon, there’s serious money involved. This week’s IPO calendar has nine offerings, with bankers expecting to raise more than $2.1 billion. Five IPOs are on for next week, aiming to raise another $1.1 billion.
Last week’s calendar gave us pops, flops and one IPO that traded on both sides of heaven’s gate. The six IPOs raised $1.86 billion. This week, it’s a much different story.
Wall Street is looking to raise almost $2 billion from this week’s IPO calendar. That’s well above the average weekly volume of $725 million over the last 10 years.
IPOs from three sectors – cloud computing, homebuilders and money-transfer companies – have been hot. But on Wall Street, it’s crucial to remember one thing: You are only as good as your last trade. This week’s new-issues calendar has a representative from each of these three sectors. Let’s take a look.
The IPO first-quarter 2013 report card is in and here’s the story: B+. That’s not bad, but that’s down from the year-ago first quarter, when the IPO market got an A.
Aunt Jemima, Birds Eye, Duncan Hines and other household names plan to go public this week. Not individually, but under the name of Pinnacle Foods (PF– proposed) – and Pinnacle’s industrial sector has been cooking.
The calendar flips to spring this week, with eight IPOs expecting to raise $1.29 billion. The last time Wall Street saw an IPO calendar of this size was for the week of Feb. 4, 2013. That calendar expected to price eight IPOs and raise $1.38 billion. It didn’t turn out that way.
Technology is finally elbowing its way into 2013’s IPO calendar. One small-cap offering was priced last week, and this week’s only deal is another technology IPO.