Category Archives: The IPO Buzz

 

By: John E. Fitzgibbon, Jr.

 

Benjamin Franklin’s famous quote “Life’s tragedy is that we get old too soon and wise too late” is especially apropos for last week’s IPO market. After sharp cuts in offering terms, the deals surged in the face of a collapsing stock market. There could be a message wrapped up inside this leading question: Have the bankers learned anything?

 

 

By: John E. Fitzgibbon, Jr.

 

The old Wall Street axiom says that when people are thinking one way, look the other. In today’s IPO market, people have been badmouthing Goldman Sachs. What’s more, bankers have been overpricing their deals. And some Wall Street pros are swearing they’ll avoid private-equity IPOs.

 

By: John E. Fitzgibbon, Jr.

 

There’s something to be said about a 1,000-point plunge in the Dow Jones Industrial Averages. It became the lead story for the media and quickly underscored the flaws in Wall Street’s trading system. Nevertheless, we’ve been there before – overextended debt, a cause of today’s worries, and overtrading. Look back 137 years and consider the following article: “The only thing new is the history we don’t know.”

 

 

By: John E. Fitzgibbon, Jr.

 

In case you haven’t noticed, 2010’s IPO traffic is building. In April, 14 new issues were priced. The last time more came to market in a single month was in December 2007 with 23 deals. April’s IPO calendar raised nearly $2 billion. In addition, another 33 companies filed to go public to raise nearly $7 billion.

 

 

 

 

By: John E. Fitzgibbon, Jr.

 

Wall Street is a numbers game. Stocks are quoted in numbers, their indexes are defined by numbers and the IPO traffic is calculated in numbers. By the end of the first quarter of 2010, the new-issues numbers confirm the trend cited by the financial media: IPOs are back in town.

 

By: John E. Fitzgibbon, Jr.

 

Technology IPOs duck through the ropes to headline this week’s card. They could produce some heavyweight excitement, according to investment professionals.

 

 

By: John E. Fitzgibbon, Jr.

 

This week’s IPO calendar has a few deuces -– two out of China, two technology companies and two carryovers from last week. It’s also the first week of spring and it could be a sign of better things to come in the IPO market. All told, bankers have lined up seven new issues to make their public debuts for the week of March 22nd. That’s the busiest weekly calendar since December 2009.