Seeking Alpha

Renaissance Cap...'s  Instablog

Renaissance Capital IPO Research
  • on IPO Analysis
Send Message
Renaissance Capital is an IPO investment advisory firm providing pre-IPO institutional research and management of the Renaissance IPO ETF (NYSE ticker: IPO) and the Global IPO Mutual Fund (ticker: IPOSX). Through Renaissance Capital’s pre-IPO research service, investors get a hard-nosed,... More
My company:
Renaissance Capital LLC
My blog:
IPO News from Renaissance Capital
My book:
IPOs for Everyone
View Renaissance Capital IPO Research's Instablogs on:
  • Today’s five IPOs are a mixed group
    Five IPOs began trading today, the most since November 15, 2007, when six IPOs debuted.   A123 Systems (AONE), which provides rechargeable lithium-ion batteries and battery systems, priced its offering at $13.50 and was trading up over 40% mid-day, the clear winner of the group.  The strong reception from A123 Systems, a venture-backed company that has yet to turn a profit, is welcome news to many VCs and start-ups that have poured lots of money into the alternative energy space.
    Julius Baer spin-off Artio Global Investors (NYSE:ART) priced at $26, the top of its IPO range, and had returned nearly 4% in early trading.  Online retailer (VITC) was hovering around its $12 IPO price, the midpoint of its expected range.   Mortgage REITs Apollo Commercial (ARI) and Colony Financial (CLNY), both priced their offerings at $20, after halving their deal sizes on Wednesday, and promptly traded below their IPO price.
    Another three IPOs are scheduled to begin trading tomorrow: Mortgage REIT Foursquare Capital (FSQR), specialty hospital operator Select Medical Holdings (NYSE:SEM), and China’s leading online game company Shanda Games (NASDAQ:GAME), which increased its proposed deal size on Wednesday. These three pricings will bring the total number of IPOs in 2009 to 30, easily on pace to top last years volume of 43 deals.

    Shanda Games and Select Medical were highlighted as Featured IPOs in a previous post.
    Sep 24 1:02 PM | Link | Comment!
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.