The IPO Buzz: Greatest Story Never Told
By: John E. Fitzgibbon, Jr.
As the drumbeat intensifies on the pending General Motors’ IPO, let’s take a step back and look at fact versus fiction.
Category Archives: The IPO Buzz
The IPO Buzz: The Truth About IPO Markdowns
By: John E. Fitzgibbon, Jr.
A “dead-cat bounce” is Wall Street jargon for an IPO that is priced below its original filing range and then pops in the aftermarket. Over the past 10 trading days, we have seen this happen a few times. Don’t be fooled into thinking it’s always this way.
The IPO Buzz: Under the IPO Big Top
By: John E. Fitzgibbon, Jr.
The IPO show came to town last week with all the fanfare of a three-ring circus. There were 10 deals on the calendar and they were expected to raise about $2.8 billion. In the end, fewer deals got done. But the center ring’s high-wire act produced some thrills and spills. And the sideshow could be a sign of this week’s coming attractions.
The IPO Buzz: Szechuan IPO to Go
By: John E. Fitzgibbon, Jr.
The phrase “increase a deal – double my order” came to Wall Street over a decade ago. In Main Street language, it means when bankers increase the offering terms of an IPO, it could very well be a “hot issue.” The most recent price increase happened to one of the IPOs on tap for this week.
The IPO Buzz: Chinese Lightning
By: John E. Fitzgibbon, Jr.
Thunder and lightning swept through Wall Street last week in the form of a Chinese IPO. The stock popped for an opening-day gain of 72.9 percent. And guess what? Other Chinese companies started jumping onto the new-issues calendar.
The IPO Buzz: Curtain’s Up for Fall
By: John E. Fitzgibbon, Jr.
With the summer of 2010 fading into memory, attention is turning to fall’s IPO market. If the pipeline is any indication, things could get busy.
The IPO Buzz: Hide That Report Card
By: John E. Fitzgibbon, Jr.
There wasn’t much barroom bragging when the curtain came down on the IPO market at summer’s end. The report card for the year to date was not what bankers would like take home for their parents’ (or shareholders’) signatures. (Yes, thoughts of forgery or burning come to mind.)
The IPO Buzz: Temperature Rising
By John E. Fitzgibbon, Jr.
Wall Street is all about numbers and trends. Naturally, the past is no indication of the future, but it’s better than no guideline at all. Nevertheless, the U.S. IPO market’s 2010 trend has been giving off some interesting numbers.
The IPO Buzz: Un-Real Estate
By: John E. Fitzgibbon, Jr.
Most of Wall Street’s syndicate desks have stopped burning the midnight oil in the two-week lull before the Labor Day holiday weekend. However, not all the lights have been dimmed. There is one deal on this week’s IPO calendar and another the following week. Each is a real estate investment trust, better known as a REIT.
The IPO Buzz: Customers’ Yachts MIA
By: John E. Fitzgibbon, Jr.
The IPO issuers sailed away with hundreds of millions of dollars last week, while the bankers scooped up tens of millions. But where were the customers’ yachts?