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Strategies & Market Trends : IPO and Other Stock Plays

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From: MLD38	9/5/2007 1:08:18 PM
	of 13331

IPO Buzz: Summer's Winners and Losers iposcoop.com Starts off: ..."The Summer of ‘07 was not a good one for the stock market. On the other hand, the IPO market had a good summer and tech IPOs had a great one. From May 31 to August 31, the Nasdaq Composite Index lost 0.31 percent. The Dow Jones Industrial Average lost 1.91 percent and the S&P 500 lost 3.7 percent. Note: You won’t find too many money managers bragging at Harry’s at Hanover Square the day after Labor Day. From May 31 through August 31, bankers priced 53 IPOs, according to U.S. Securities and Exchange Commission filings. On August 31, 30 closed above their initial offering prices, 23 were in the losers’ column and the average gain was 15 percent. (The above figures exclude unit offerings and publicly traded foreign companies, which made their debuts in the U.S. markets as American Depositary Shares. Note: Those deals were not IPOs, but secondary offerings.) From May 31 through August 31, bankers priced 23 tech IPOs. On August 31, 13 closed above their offering prices, 10 were losers and the average gain was 29.3 percent. Make way for some bragging at Harry’s, people. The Hero"...

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