There wasn’t much barroom bragging when the curtain came down on the IPO market at summer’s end. The report card for the year to date was not what bankers would like take home for their parents’ (or shareholders’) signatures. (Yes, thoughts of forgery or burning come to mind.)
Wall Street is all about numbers and trends. Naturally, the past is no indication of the future, but it’s better than no guideline at all. Nevertheless, the U.S. IPO market’s 2010 trend has been giving off some interesting numbers.
Most of Wall Street’s syndicate desks have stopped burning the midnight oil in the two-week lull before the Labor Day holiday weekend. However, not all the lights have been dimmed. There is one deal on this week’s IPO calendar and another the following week. Each is a real estate investment trust, better known as a REIT.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO.
