Author Archives: admin

The IPO Express is gearing up for its last significant run of the year. Bankers hope to price as many as 15 deals this week, another four next week and that should be it for 2007.

There’s no question that the Fed wrote the script for last week’s surging stock prices. But here’s what many missed. Just around the corner from Wall Street is an alley called IPO Lane, where bankers were busy stuffing the new-issues calendar. If all goes as planned, this month could very well be the busiest December for the IPO production line in this decade.

The spotlight last week belonged to Macy’s 81^st annual Thanksgiving Parade. An estimated 3.5 million people turned out to cheer as the storied balloons and floats made their way along the parade’s 3.3-mile route from 77^th Street and Central Park West, down Broadway and on to Herald Square.

This week’s focus in New York City will be on the Macy’s Thanksgiving Day parade. That closes the securities markets on Thursday and for Friday -– who cares? (Friday’s abbreviated trading session is scheduled to end at 1 p.m.) Nevertheless, there is an IPO calendar. Whatever gets priced will be done on Monday evening for Tuesday morning’s trading and then it’s off for the rest of the week.

It was coyote ugly in the canyons of Wall Street last week. The stock market took a pounding and IPOs took a few hits, too, but some telegraphed their aftermarket performances.