A few new IPOs made good start last week. Shares of BigBand Networks soared up as much as 33% on its opening day Thursday, followed by FCStone Group on Friday which climbed 30%. However, not all the week''s IPOs met such a warm welcome. Shares of Tongjitang Chinese Medicines tumbled as much as 3.5% on Friday on the NYSE. Forty eight IPOs have been priced so far in 2007 and 56% of them are trading above their offering price. There are five deals scheduled to be priced the following week.
Four companies launched IPOs last week, but only Israel’s Rosetta Genomics saw its shares soaring above their initial public offering price. Thirty nine IPOs have been priced so far in 2007 and 56% of them are trading above their offering price. There are two deals scheduled to be priced the following week.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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