So much for the IPO market being dead.. check today's action.. notice these all price in or at the low end of their ranges yet did VERY well today. I admit we haven't healed completely.. but we're certainly not dead in the water yet.
From Thestreet.com ;
Offerings and stock actions
Oratec Interventions (OTEC:Nasdaq) hopped 11 5/8, or 83%, to 25 5/8 in its
trading debut. Merrill Lynch priced 4 million-shares midrange at $14 a share.
Oratec, based in Menlo Park, Calif., produces medical devices that use
controlled thermal energy to treat spine and joint disorders.
Ulticom (ULCM:Nasdaq) gained 7, or 53.9%, to 20 after Lehman Brothers
priced 4.25 million shares at at $13 each, the low end of the expected $13-to-$15
range. Ulticom, a subsidiary of Comverse Technology (CMVT:Nasdaq),
provides networking signaling software for wireless, wireline and Internet
communications services. Comverse rose 2 7/16 to 86 1/8.
Banc of America Securities priced Vyyo's (VYYO:Nasdaq) 6.75 million-share
IPO at the lower end of the estimate price range at $13.50 a share. The
estimated price range was $13 to $15 a share. Vyyo, based in Cupertino, Calif.,
is a supplier of broadband wireless access systems. Vyyo's bounced 6 3/4, or
50%, to 20 1/4. |
