June Ends Up Active
Jun 26, 2:50 PM EDT |
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| One hundred companies have launched IPOs so far in 2006, and 49% of them are currently trading above their offering price. |
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| Uneven market conditions have provoked many companies to either debut shares at lower prices or postpone initial public offerings, and this trend is likely to continue next week according to analysts. The IPO market is expected to be very active at the end of June as 10 companies are planning to price shares in offerings that could raise nearly $1.7 billion.
Hexion Specialty Chemicals, which expected to raise up to $532 million with its IPO last week, postponed its offering on Wednesday. |
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VeraSun Opens Up 22%
Jun 15, 4:48 PM EDT |
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| Shares of VeraSun made rapid gains on Wednesday, as the ethanol producer began trading on the NYSE. The company''s stock opened at $28 a share, for a gain of 22% and ended the day at $30 per share, up 30% from the IPO price. VeraSun''s opening was the tenth-best among IPOs this year. |
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LoopNet’s IPO Brings Fresh Air
Jun 11, 4:44 PM EDT |
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| Ninety companies have launched IPOs so far in 2006, and 45.6% of them are currently trading above their offering price. |
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| The first week of June has been weak, with only one new deal in the IPO market, but it is scheduled to pick up steam this week. LoopNet''''s performance brought some fresh air after two weeks of uncertainty in the market as the company’s shares made rapid gains on their first day of trading Wednesday. |
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LoopNet Makes a 25% Gain
Jun 09, 3:58 PM EDT |
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| Shares of LoopNet made quick gains on Wednesday, as the real-estate website operator began trading on the Nasdaq Stock Market. LoopNet''s stock opened at $14.75 a share, for a gain of 23% and ended the day at $15.00 per share, up 25% from the IPO price. LoopNet''s performance and pricing brought some fresh air after two weeks of uncertainty in the IPO market. |
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Russian TV Network Launches IPO
Jun 05, 1:43 PM EDT |
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| Three companies that announced their initial public offerings the current week were forced to cut the amount of money they raised. Sports club operator Town Sports International, technology research company Luna Innovations and medical-device maker Alphatec Holdings lowered their terms before pricing their shares of common stock Eighty nine companies launched IPOs so far in 2006, and 52% of them are currently trading above their offering price. |
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