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The IPO Buzz: Into the Tank
By: John E. Fitzgibbon, Jr.
Rackspace Hosting President and CEO Lanham Napier stepped up to the balcony of the New York Stock Exchange on Friday morning and rang the opening bell. The unexpected happened. He and the company’s executives watched their stock go from a “hot IPO” to a bear market on its opening trade.
IPO Traffic for Week Ending Aug. 8, 2008
The IPO Buzz: A Dirty Dutch Auction
By: John E. Fitzgibbon, Jr.
Rackspace’s IPO comes to town this week as a “modified” Dutch auction. That could very well leave orders on the table and give the deal a pop. In Asia and Europe, modifying a Dutch auction is called a “dirty” Dutch auction. A “true” Dutch auction sweeps the order book clean and the IPO generally trades flat. Leave it to the Americans to clean up the act.
IPO Traffic for Week Ending Aug. 1, 2008
The IPO Buzz: When Things Go Wrong
By: John E. Fitzgibbon, Jr.
GT Solar crashed on takeoff. That shocked everybody, especially the IPO handicappers who were looking for an opening-day pop of $1 to $2 per share. Something went wrong.
July 27, 2008
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IPO Traffic for Week Ending July 25, 2008
IPO Traffic for Week Ending July 18, 2008
The IPO Buzz: Sunshine and Seoul Food
By: John E. Fitzgibbon, Jr.
After a three-week layoff, the IPO calendar gears up this week with two offerings. Both are expected to start trading Thursday, July 24, and each deal is shrouded with a degree of mystery.
The IPO Buzz: Generous Second Helpings
By: John E. Fitzgibbon, Jr.
When Wall Street opens for business on Monday, its investment bankers will have three deals on their equities calendar. None are IPOs. They will be secondary or follow-on offerings, and two have roots in the IPO market.