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Breakingviews: IPOs back to basics

Tuesday, Apr 15, 2014 - 02:27

April 15 - Rob Cyran and Reynolds Holding discuss last week’s cooling of the hot offering market and what it portends for risky new issues.

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We'll be IPO market has been hot hot hot more companies went public on US exchanges last quarter than in any quarter since 2000. But last week. Things cooled off considerably six saw IPOs were Paul some traded below there range of rob what. But there -- couple seconds there really really hot -- -- -- And some of the social networking or an empire clintons have a phenomenal year last year you know that'll change the past couple weeks. Companies start actually going down in February and -- since then -- happening it's at least slowly yet but that if they really start accelerating last week and then -- -- kind of the riskiest of the risky future it that way you know so even if if investors are pulling back from risk you know like average -- stock is down 20% -- Our cars and 40% American woman -- -- -- that's what happened so we have some offerings this week in fact quite a few eleven or so. -- what kind of companies are well there are mixed bag means that a number our our. Quite popular -- but that's the Chinese micro -- and especially well -- couple these are held over from last week there's more traditional companies in the matters so we'll have to see what happens you know my guess is that you're gonna seed investors probably want to go into the more traditional companies that some of these more speculative ones have a harder time -- for example Friday that we -- what was it so it's kitchen. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And he still does they still used in those things there's going to be less reliance on an important it's it's you have to kind of step back that because you can't necessarily tell from one week what's happening this week because these things the initial takes awhile too good to the road -- -- to get all the documents parent. This kind of like almost inertia to these things you know you'll actually see what happens maybe cut the amount from -- you'll actually see that you know it could be a lot -- happening every week and week -- week and -- we have more IPOs to look forward to this week and will be watching them closely in the mean time. Stay tuned for more breaking news tomorrow.

Breakingviews: IPOs back to basics

Tuesday, Apr 15, 2014 - 02:27

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