Category Archives: The IPO Buzz

There are two things to focus on when playing in the IPO sandbox. One is the company going public and the other is its pricing terms. When the IPO sands flow from Asia in the form of a dual listing, a third dimension comes into play: market risk. Things are done differently in the Far […]

2016’s first half underscored the relationship between the stock market and the IPO calendar. Good stock markets produce active calendars. Poor markets dry it up. This year was the latter. A total of 41 IPOs (*) were priced during 2016’s first half, according to the U.S. Securities and Exchange Commission filings. That was down from […]

A 600-point freefall in the Dow Jones Industrial Average is significant – and Friday’s 610.32-point loss on the Brexit vote made it the eighth-largest ever. In terms of points, the granddaddy of them all was the Dow’s 777.68-point loss on Sept. 29, 2008 – two weeks after Lehman Brothers collapsed. So the shock of Britain’s […]

Everybody from Silicon Valley to Wall Street will be watching this week’s IPO calendar. The year’s first unicorn plans to make its debut. If the deal works – and if the past is any indication of the future – there could be a floodgate of billion-dollar babies bouncing into the marketplace. The Deal Twilio (TWLO […]

This week’s calendar has three new names on it, but investors can buy shares in two of these companies before the IPOs get priced. How can this be? The answer can be found by reading the not-so-fine print on the front page of each offering’s preliminary prospectus – or “red herring” as it’s known in […]

As every student of initial public offerings knows, IPO traffic is driven by stock market conditions, and the calendar is influenced by industrial sectors. Since last summer, the stock market has looked anemic after taking some big spills – and the most dominant IPO sector has been healthcare. Now a new sector is on the […]

May’s IPO market went out with a bang and touched off the conversation that the calendar is coming to life. Next up: June, July and August. Soon “the summer doldrums” are bound to be discussed in various precincts of the financial press. But here’s the good news: The facts do not support this myth about […]

Eight IPOs are on this week’s calendar. They expect to raise over $1.9 billion. Yes, eight IPOs raising $1.9 billion! This is the biggest IPO calendar since October 2015 – and the best part about this week – a few deals are reportedly “in play.” Revisiting October 2015 First, let’s look back to last fall. […]

“Sell in May and go away” is an old Wall Street proverb that was on target for this May’s first two weeks. By Friday’s closing bell, the three major U.S. stock market indexes were down for the month. Strangely, against those chilly spring winds, the IPO market showed signs of life last week. Three bright […]

Do you want to know how an IPO will trade after it’s been priced? Look at the cover of its final prospectus. Compare the final pricing terms with those on the front page of the IPO’s last preliminary prospectus. For classic examples of how this works, look no further than the two IPOs priced last […]