Category Archives: The IPO Buzz

The IPO Buzz: A Fluid Situation

Last week’s financial stocks fell into a burning ring of fire and went down, down, down. And who knows what this week will bring? Nevertheless, bankers plan to brave the storm and price an IPO. The professionals don’t expect a fiery opening-day moonshot.
September 14, 2008 Read More

The IPO Buzz: Fall’s Opening Act

By: John E. Fitzgibbon, Jr.

Just as Broadway’s biggest fans look forward to new plays in the fall, investors watch for the IPO market to come back to life a couple of weeks after Labor Day. This year’s rocky stock market made that reawakening a more dubious proposition until Friday morning, when Wall Street got a pleasant surprise: Fluidigm filed an amendment with the U.S. Securities and Exchange Commission for its pending IPO. The company set expected pricing terms. And Morgan Stanley, its investment banker, added the deal to the IPO calendar.     

September 7, 2008 Read More

The IPO Buzz: Hide the Report Card

By: John E. Fitzgibbon, Jr.
No one likes to bring home a bad report card, and Wall Street’s denizens are not immune to that sentiment. As summer comes to an end and the IPO market is in its seasonal hibernation, it’s a good time, though, to take a look at how IPOs have performed so far in 2008.
August 24, 2008 Read More

The IPO Buzz: Two Faces of China

By: John E. Fitzgibbon, Jr.
The gold rush is on at the Beijing Olympics and the Chinese athletes are in the thick of things. In contrast, no one’s been going for the gold when it comes to Chinese IPOs in the U.S. capital markets. Nevertheless, those deals have produced some interesting results.
August 17, 2008 Read More

The IPO Buzz: Into the Tank

By: John E. Fitzgibbon, Jr.
Rackspace Hosting President and CEO Lanham Napier stepped up to the balcony of the New York Stock Exchange on Friday morning and rang the opening bell. The unexpected happened. He and the company’s executives watched their stock go from a “hot IPO” to a bear market on its opening trade.
August 10, 2008 Read More

The IPO Buzz: A Dirty Dutch Auction

By: John E. Fitzgibbon, Jr.
Rackspace’s IPO comes to town this week as a “modified” Dutch auction. That could very well leave orders on the table and give the deal a pop. In Asia and Europe, modifying a Dutch auction is called a “dirty” Dutch auction. A “true” Dutch auction sweeps the order book clean and the IPO generally trades flat. Leave it to the Americans to clean up the act.

August 3, 2008 Read More

The IPO Buzz: When Things Go Wrong

 By: John E. Fitzgibbon, Jr.
GT Solar crashed on takeoff. That shocked everybody, especially the IPO handicappers who were looking for an opening-day pop of $1 to $2 per share. Something went wrong.

July 27, 2008 Read More

The IPO Buzz: Sunshine and Seoul Food

By: John E. Fitzgibbon, Jr.
After a three-week layoff, the IPO calendar gears up this week with two offerings. Both are expected to start trading Thursday, July 24, and each deal is shrouded with a degree of mystery.
 
July 20, 2008 Read More

The IPO Buzz: Generous Second Helpings

By: John E. Fitzgibbon, Jr.
When Wall Street opens for business on Monday, its investment bankers will have three deals on their equities calendar. None are IPOs. They will be secondary or follow-on offerings, and two have roots in the IPO market.
July 13, 2008 Read More

The IPO Buzz: Don’t Believe Everything You Read

By: John E. Fitzgibbon, Jr.
The financial media reported that no venture capital-backed IPOs were priced during 2008’s second quarter. One published story even read, “For the first time since 1978, there were no venture-backed Initial Public Offerings (IPOs) in the second quarter of 2008, according to the Exit Poll report by the National Venture Capital Association (NVCA) and Thomson Reuters.” Wrong! Don’t believe everything you read. Verso Paper (NYSE: VRS) got priced.
July 6, 2008 Read More
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