Wow! This is the most IPO’s slated for one week since I can remember. There’s eight of them.
So, do you think the market is topping, or is it going to break out again?
I think it is going to break out again.
Hey, did you see Ross Perot’s face as he was handing over the keys to Michael Dell. I think his smile read “SUCKER”. Maybe not. DELL definitely needs something, but I’m not sure Perot Systems was it. Perot System sharholders are definitely happy though.
So here’s the IPO’s slated for the week.
ARI – Apollo Commercial Real Estate Finance, Inc.
Shares Offered: 20.0M
Initial Range: $20-20
Lead Underwriters: JP Morgan, Citigroup and Barclays Capital
Description: Apollo Commercial is a Apollo-backed REIT planning to invest in commercial real estate securities and corporate debt.
AONE – A123 Systems
Shares Offered: 25.7M
Initial Range: $8-10
Lead Underwriters: Morgan Stanley, Goldman Sachs and Banc of America Securities
Description: PA123 Systems is a provideer of rechargeable lithium-ion batteries and battery systems.
ART – Artio Global Investors, Inc.
Initial Range: 23.4M
Initial Range: $24-26
Lead Underwriter: Goldman Sachs
Description: Artio Global is a carve out of Julius Baer’s asset management business.
SEM – Select Medical Holdings Corporation
Shares Offered: 33.3M
Initial Range: $11-13
Lead Underwriters: Goldman Sachs, Morgan Stanley, Banc of America Securities and JP Morgan
Description: Select Medical Holdings is a leading operator of specialty hospitals and outpatient rehabilitation clinics.
CLNY – Colony Financial, Inc.
Shares Offered: 25.0M
Initial Range:$20-20
Lead Underwriters: Banc of America Securities, Goldman Sachs, Morgan Stanley and UBS
Description: Colony Financial is a newly-formed REIT planning to invest in commercial mortgages and real estate debt.
VITC – Vitacost.com, Inc.
Shares Offered: 11.0M
Initial Range: $11-13
Lead Underwriters: Jefferies & Co. and Oppenheimer
Description: Vitacost is a online retailer of nutritional supplements and health and wellness products.
GAME – Shanda Games Limited
Shares Offered: 63.04M
$10.50-12.50 -
Lead Underwriters: Goldman Sachs, JP Morgan
Description: A spin-off of Shanda Interactive’s online games business.
FSQR – Foursquare Capital Corporation
Shares Offered: 25.0M
Initial Range: $20-20
Lead Underwriters: Banc of America Sec and Morgan Stanley
Description: Foursquare Capital is a newly formed Alliance Bernstein-backed REIT that will invest in mortgage assets.
