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IPO Outlook: 
Cinemark Loses Ground After Pricing At The Top
Author: Yordanka Bahchevanska
123jump.com
Last Update: 8:38 AM EDT May 01 2007

Seven new IPOs were launched this week. Movie theater operator Cinemark fell nearly 6% in its first day of public trading, after pricing at the top of the forecast range. Another theater operator, Marquee, is expected to price shares the following week, hoping to raise nearly $910 million. Seventy four IPOs have been priced so far in 2007 and 65% of them are trading above their offering price. There are eight deals scheduled to be priced the following week.

 

 

 
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