If you missed the sliver of light flashing across Wall Street’s darkened sky as last week came to an end, it’s understandable. You had to be looking hard. The twinkling could be the sign of coming attractions. In past years, it has taken about three to six weeks for the IPO calendar to come back […]
March 13, 2016 Read MoreThis week’s spotlight has swung to a lesser god of the IPO market. On tap is a special purpose acquisition company (SPAC) or what is also known as a blank-check company. Here is the story on the blank-check offerings. Decades ago, it was not unusual for an IPO blank-check company to disappear, and maybe at […]
March 6, 2016 Read MoreIt looks as if the only IPOs to get out the door so far this year are from the health-care sector plus a “blank check” offering. This week has two health-care deals and one “blank check.” Nevertheless, the mislabeling of certain health-care IPOs creates a case of mistaken identity. The financial press insists on labeling […]
February 28, 2016 Read MoreThe financial press took aim at the IPO market last week, posting front-page stories about its poor performance since 2015. The supporting numbers looked like a plague had swept through Wall Street, but those stories left smiles on the faces of the investment professionals. The pros took this as a reverse indicator that the IPO […]
February 21, 2016 Read MoreFriday’s powerful stock market rally wasn’t strong enough to erase the bone-chilling losses racked up earlier in the week. On Thursday, the major U.S. stock indexes hit their 52-week lows. Even with Friday’s big surge, U.S. stocks ended the week still in correction mode. That took its toll on the IPO calendar. The pending deals […]
February 15, 2016 Read More