If all goes according to plan, the U.S. IPO market could have its busiest week in more than a year nine initial public offerings are scheduled to trade beginning Wednesday, including consumer-review website Angie's List Inc. The last time IPO investors had such a full calendar was in December 2010.
Getting all nine out the door will require cooperation from the stock market, which took its biggest daily dive since mid-September on Wednesday as investors panicked in the face of Italy's surging bond yields. Two subsequent days of gains helped the Dow Jones Industrial Average end the week in positive territory it likely will also require some price flexibility, as evidenced by three recent IPOs that had very different pricing experiences: one sold above range, another within its range and a third that had to cut its valuation to get done.
The two most prominent deals ahead, from Angie's List and Delphi Automotive PLC., are scheduled to begin trading Thursday on the Nasdaq and the New York Stock Exchange, respectively angie's List's $114 million capital-raising comes two weeks after another consumer Internet brand, Groupon Inc., had a successful debut, gaining nearly 31% on its first day. Like Groupon, Angie's List is a recognized web-based brand with a growing top line, but it is spending heavily on marketing to build its customer base, and isn't profitable.
Tourism Links
Getting all nine out the door will require cooperation from the stock market, which took its biggest daily dive since mid-September on Wednesday as investors panicked in the face of Italy's surging bond yields. Two subsequent days of gains helped the Dow Jones Industrial Average end the week in positive territory it likely will also require some price flexibility, as evidenced by three recent IPOs that had very different pricing experiences: one sold above range, another within its range and a third that had to cut its valuation to get done.
The two most prominent deals ahead, from Angie's List and Delphi Automotive PLC., are scheduled to begin trading Thursday on the Nasdaq and the New York Stock Exchange, respectively angie's List's $114 million capital-raising comes two weeks after another consumer Internet brand, Groupon Inc., had a successful debut, gaining nearly 31% on its first day. Like Groupon, Angie's List is a recognized web-based brand with a growing top line, but it is spending heavily on marketing to build its customer base, and isn't profitable.
Tourism Links
No comments:
Post a Comment