While we had only few IPOs last year, especially from companies in the internet related sector, we experience a dramatic oversupply especially since April.
As a result their post-market performance is disastrous, on average and the first Internet IPOs were "broken" in that they didn't close at or above the offering price.
The drag should continue as the pipeline is full and only very few withdrew or postponed. It seems like a rush to the exits. ...
Very few IPOs shun a pale glance on the once "given" triple digit performance, like Ariba, or Juniper recently, both showed a strong opening.
What can be done? Are perhaps some gems to find in the variety of fallen stocks? Any proposals? |
