When the stock market sells off, as it did last week, securities analysts can attract a lot of attention by slamming a company. It proved to be more newsworthy to pick on the defenseless, such as Zynga (ZNGA), the social game developer, which made its public debut on Friday, Dec. 16.
The IPO market normally closes down by mid-December so this week’s calendar wraps up 2011 with a blaze of lightning and a clap of thunder to produce the busiest week of the year.
When the stock market surged to its sharpest single-week gain in well over two-and-a-half years, there was not an IPO in sight. That picture is about to change. Bankers are looking to price 14 deals over the next two weeks and expect to raise $3.5 billion in proceeds.
When Groupon (GRPN) broke issue price last week, the naysayers who had predicted it took a victory lap around the IPO Arena. But the life cycle of the IPO has not yet been played out.
Thanksgiving turkeys arrived early on Wall Street as four IPOs laid eggs in last week’s new-issues market. This holiday-shortened week has just two deals on the calendar. Investment professionals expect a sleepy time in the Land of IPOs.
Out of the smoke that engulfed the world’s securities markets last week comes this week’s IPO calendar. It has nine offerings that aim to raise $1.5 billion – the busiest week since December 2010.
November’s IPO market opened with a pop and two flops. What’s more, the first week of November included eight companies unveiling proposed IPO pricing terms and six jumping onto the new-issues calendar. That’s not too shabby.
The IPO market blows into town this week like a three-ring circus. The calendar has four deals looking to raise over $1 billion – yes, one billion dollars – and the headliner is the much hyped Groupon IPO.
Groupon’s IPO filing roared out of the SEC filing window like thunder last Friday and negated a recent media blitz of misinformation.
When Ubiquiti Networks (UBNT) made its debut on Friday, Oct. 14th, the curtain finally went up on the post-Labor Day IPO season. The IPO was the first one priced since mid-August. The deal was a mixed blessing. The offering failed to raise the amount the company that the company had hoped for, but investors got an unexpected windfall profit.