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By: John E. Fitzgibbon, Jr.

Traditionally the IPO market closes down for the July 4^th holiday and 2009 was no different. Even though this year’s new-issue traffic has been slow with just slightly over a dozen deals, there is an emerging trend. Last week’s offering confirmed it: Technology is “in.”

 

By: John E. Fitzgibbon, Jr.

Wall Street expects to celebrate the July 4^th holiday with its own fireworks this week. It can be found in the IPO calendar under the name of LogMeIn (NASDAQ: LOGM) — another one of the year’s hot tech IPOs.

 

By: John E. Fitzgibbon, Jr.

June’s IPO month and the year’s first half come to a close this week with four deals on the calendar. If everything gets out the door, it will raise June’s total to six and the year’s to 14 IPOs. That’s the good news — and the bad news.

 

By: John E. Fitzgibbon, Jr.

By mid-June, the IPO calendar’s two pricings resulted in a split decision. Both offerings were REITs — one a winner and the other wasn’t. This week, the IPO gods take a holiday and then come back the following week with four offerings. Two of the four are Chinese.

 

By: John E. Fitzgibbon, Jr.

June’s first IPO crashed on take-off when Government Properties Income Trust (NYSE: GOV) opened down 60 cents per share from its initial offering price. Then Wall Street’s syndicate desks went back to the hot ticket in town — the secondary calendar. They priced 13 deals for Friday’s market. That raised the week’s total to 34, according to available reports.