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IPO market heating up

Monday, July 18, 2011 - 01:34

July 18 - Women's specialty retailer, Francesca's Holdings, expected to raise more money than any other IPO this week. Also going public: Skullcandy and Zillow. Sasha Salama reports.

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PLEASE NOTE: THIS EDIT CONTAINS 4:3 MATERIAL IPO investors will be skating to a new groove in the busiest week for new issues in nearly two months. Just Monday, Skullcandy raised the number of shares it's offering to the public. The company, which sells trendy headphones and earbuds, is expected to price Tuesday night and start trading Wednesday. It seems TV talk show host Dr. Phil wants to trade in his Beverly Hills mansion and Zillow is tracking the listing. The company made a splash when it raised its price range four dollars to $16-18 dollars a-share. It's the top IPO of the week for David Menlow, President of IPO financial.com. SOUNDBITE: DAVID MENLOW, PRESIDENT, IPO FINANCIAL.COM, (ENGLISH) SAYING: "That's a pretty massive hike at this particular point for a company that the media is saying is not making money and hasn't made money since it first got started". Another company set to launch is turning a profit on rising revenues. Francesca's Holdings is one of the fastest growing women's retailers in the U.S., targeting 18-35 year olds. Expected to raise as much as $160 million, Francesca's will be the biggest new issue this week, slated to price Thursday night and start trading Friday. Next week, the IPO calendar already is filling up, with coffee and doughnut chain, Dunkin' Brands Group, going public. IPO watchers expect a ramp-up of new issues to continue into Labor Day, boding well for the fourth quarter. Sasha Salama, Reuters.

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IPO market heating up

Monday, July 18, 2011 - 01:34