Author Archives: John E. Fitzgibbon Jr.

Spotify Technology S.A. (SPOT) came to town last week with all the fanfare of an old-fashioned three-ring circus. The financial press loved the deal, proclaiming it a huge success and hinting that many other unicorns were lining up for direct public offerings. The press may have gotten it wrong. No one quoted the buyers. When […]

With the IPO market’s first quarter already swept into the history books, all eyes are on the big name on the marquee for the first week of April: Spotify Technology S.A. (SPOT proposed). This is the only offering on this week’s calendar – and it isn’t an IPO. This is a direct listing. Note: The company, […]

Four IPOs from China – out of eight on the calendar – are set in Wall Street’s four-day work week ahead of Easter and Passover. This fact follows the sharp selloff last week, when the Dow Jones Industrial Average lost 1,149 points in the final two days. The slide was triggered by fears of a […]

All eyes are on the Dropbox (DBX proposed) IPO this week, but the parade of the IPO unicorns has started. One was priced last week and scored a moonshot opening-day gain. That was Zscaler (ZS) and the stock closed up 106.3 percent from its IPO price. As for Dropbox, people will have to wait until […]

The IPO market looks as if it is coming back to life – lifted by the wings of the NASDAQ Composite Index. The NASDAQ closed on Friday, March 9, 2018, at a record high, marking its recovery from its recent pullback. The NASDAQ ended Friday’s trading at 7,560.81, up 11.6 percent from 6,777.16 on Feb. […]