The fashionistas flocked to Bryant Park for New York’s semi-annual fashion show last week. About four miles south, Wall Street was the setting of the post-Labor Day IPO show. There was one deal. The paparazzi ignored it.
The Summer of ‘07 was not a good one for the stock market. On the other hand, the IPO market had a good summer and tech IPOs had a great one.
Bankers are expected to price one IPO this week, or maybe it will get done the first week of September. That’s the way it goes with the specified purpose acquisition companies, also known as SPACs, or “blank check” companies. Sometimes they get priced, sometimes they don’t. Everything is in the hands of the U.S. Securities and Exchange Commission.August 26, 2007 Read More
On Thursday, Wall Street gave us a classic selling climax. On Friday, the Fed gave us a discount rate cut. And over the last month, the U.S. Securities and Exchange Commission has given us 60 new IPO filings expecting to raise $9.6 billion. The message is clear –- look for a great fall season.
You need a little bit of juice to get out the door in today’s IPO market. Last week was a classic example and this week’s “deal of the week” is as well.
With “the Bear” in the headlines, as in Bear Stearns, and the problems with subprime loans that produced a volatile stock market, not too much attention has been given to the IPO calendar. And guess what? This week boasts a baker’s dozen on the new-issues launching pad. The 13 IPOs aim to raise nearly $1.7 billion. Now that’s heavy traffic.
The selling wave that swept through Wall Street last week did not drown the IPO market. Bankers priced everything on the calendar. And they plan to deliver an equally robust line-up this week.
It was a wild and bumpy ride down the IPO rapids last week. It proved there is no such thing as a “sure thing,” but more on that in a minute. This week’s new-issues calendar gets away from this year’s favorites — technology and specialty financial firms.
Everyone loves a sugar daddy, and Wall Street’s denizens are no exception to this rule. This week, MF Global (NYSE: MF proposed), the Bermuda-based broker of exchange-listed futures and options, plans to go public in a deal that has generated plenty of buzz: AJuly 15, 2007 Read More
It may have been a shortened trading week for Wall Street traders. It wasn’t for its bankers.