Category Archives: The IPO Buzz

Wall Street’s equities syndicate desks burned the midnight oil last week. Bankers got two IPOs priced and brought 15 secondary offerings to market. But that’s not all. They filed plans for four companies to go public, filed 11 amendments for IPOs updating their registration statements, and put three deals on this week’s new-issues calendar.

 

A cloud swept over Wall Street last week and rained dollars on the IPO parade. Only one deal got out the door, but it had ties to cloud computing. Its stock soared for an opening-day gain of 30 percent. And guess what? There’s another IPO on this week’s calendar with ties to cloud computing.

 

Recent IPO pricings have ushered in a new strategy, at least for now. And it’s working.

 

The 2012 IPO market is emerging as one that’s split between the “haves” and the “have nots.” Last week’s filings and this week’s calendar show examples of each.

 

January’s IPO traffic was slow with just three deals priced, but February is a different story. The calendar is already brimming with 14 new issues that could raise as much as $2 billion. Waiting in the wings is a possible Facebook IPO filing.

 

You might want to bookmark the evening of Tuesday, Jan. 24. That’s when Guidewire Software looks to price its IPO. It will be the first cloud-computing company to go public this year. The industrial sector has been hot.

 

Wall Street’s greed was the target of a December 19^th story about the Zynga (ZNGA) IPO. The financial media reported underwriters pocketed $32.5 million in fees while investors took a shellacking when the stock tanked. This was, of course, classic Mark Twain.