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 美国股市：IPOs gaining traction at cut-rate prices（转帖） |
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安普若
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[个人文集]
头衔: 海归元勋
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加入时间: 2004/02/21
文章: 26038
来自: 中国美国的飞机上
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作者：安普若 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Sept. 30, 2010, 2:28 p.m. EDT
IPOs gaining traction at cut-rate prices
China firms seeking U.S. listings pad the deal count
By Steve Gelsi,
NEW YORK (MarketWatch) — The market for initial public offerings has presented its busiest calendar to Wall Street in more than two years this week, and more deals are on the way, but there’s a catch.
To draw investors — who remain wary even though equity markets have been strong in recent weeks — companies must be willing to bite the bullet and put clearance-rack prices on their newly issued shares.
“Bankers had been overpricing deals, but now they’re getting it right with reductions,” said IPO analyst John Fitzgibbon.
The latest example is Amyris Inc. (AMRS 17.23, -0.02, -0.12%) , which cut its IPO price to $16 a share, below its anticipated $18-to-$20 range, for a debut Tuesday. The stock is now trading a bit above $17. See story on Amyris’s IPO as a play on biofuel.
Another trend boosting the IPO deal count: Chinese firms seeking to raise funds from U.S. investors by listing their shares in New York.
Overall, 12 IPOs were on deck for debuts this week, making it the busiest week since December 2007, according to Fitzgibbon.
The week’s biggest would-be offering, though, was pulled off the table. Liberty Mutual pointed to the weak economy and a volatile stock market in scrapping a $1.3 billion flotation of shares. See story on Liberty Mutual’s postponement of the IPO.
While not all the deals on the calendar for a given week actually price, a crowded week reflects optimism over market newcomers among the investment bankers and on the equity market.
“The bulls have been on the run since July, with some economic numbers coming in better than expected, so we’ve had a nice pickup in IPOs,” Fitzgibbon commented. “We’ve got more lining up. It’ s a big pipeline.” See MarketWatch’s IPO calendar.
New issues
Two hefty deals are on deck for Friday. Real-estate investment trust Campus Crest Communities plans to offer 28.33 million shares at $12.50 to $14.50 a share, in a bid to raise about $383 million. The IPO will trade under the symbol “CCG” on the New York Stock Exchange.
China Ming Yang Wind Power Group Ltd., a manufacturer of wind turbines in China, plans to offer 25 million American depositary shares at $14 to $16 each to raise about $375 million. It’ll trade under the symbol “MY” on the NYSE.
Also slated for Friday are ChinaCache International Holdings Ltd., a provider of Internet content and application-delivery services in China, and Legacy Healthcare Properties and KEYW Holding, an Internet-security firm.
Two IPOs got off the ground Thursday.
Elster Group SE priced 16.2 million shares at $13 each for its debut under the symbol “ELT.” The stock is now trading at $13.99 a share.
Rhino Resource Partners (RNO 23.00, +1.10, +5.02%) priced 3.24 million shares at $20.50 a share. The stock is now trading at $21.67 in recent action.
The stock changed hands at $26.25 Thursday, up 59%.
Steve Gelsi is a reporter for MarketWatch in New York.
作者：安普若 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 美国股市：IPOs gaining traction at cut-rate prices（转帖） -- 安普若 - (3102 Byte) 2010-10-02 周六, 22:36 (2067 reads)
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