A flight to quality remains the front mission of the Street's investment banking community. |
I think the IPO market is as strong as ever, and it's just going to keep rolling on. But the question is for how long? |
If you price it that high above range, there is hot demand. That means there was some good institutional backing to buy blocks of that stock. |
It represents a solid deal in an industry that's rapidly emerging. More importantly, it sets the pace for other good deals that are going to come out. |
It won't have a big first day run because it's a large deal. But it is a good company with good fundamentals. |
It's going to be a barnburner. |
People are reluctant now to buy stocks with heavy losses. If you have heavy losses, the eagle eyes are out. |
Restaurant deals always do really well because the come out at different times of the year. There are very few, they are unique. I have high hopes for this one. |
There's just so much hype surrounding it. They're offering 23 million shares, but when it's finished, there are going to be 570 million outstanding. The people I speak to say that Palm could open as high as 300. |
They make money. The market's going to respond heavily to this. |
They went into the old cliché, owing to the market conditions. And that is basically going to hurt the market right now. That was one of the headlining deals on this week's calendar. It was supposed to price tonight through Morgan Stanley. That's definitely a setback. |
This is a large float of 23.5 million shares, and that's a lot to digest. Typically when you have large floats, the returns are muted. We were expecting a return in the range of 50 and 60 percent. |
This is my favorite stock of the day. They have a good underwriting team and B2B is one of the busiest buzzwords. |
This is the biggest IPO week in two years. |
What is going to help this deal is the market for PCS (personal communications system) shares is doing very well right now. |