Category Archives: The IPO Buzz

 

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.

 

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.

 

 

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.

 

 

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.

 

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.

 

 

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.)

 

 

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.

 

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.

 

 

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?

 

 

By: John E. Fitzgibbon, Jr.

 

The road to Labor Day starts on the first of August and Wall Street investment bankers have until the middle of the month to get their IPOs done. Then they shut their doors and hang up the sign “Closed for Vacation.”