Friday, March 29, 2024
Hometrader talkFinally, some good IPO news: Six new offerings get some love

Finally, some good IPO news: Six new offerings get some love

After a rough week, six initial public offerings (IPOs) priced at sensible levels. One priced below the range, a couple at the high end, a couple in the middle. Yesterday's double-digit rally in three offerings have greatly reduced the anxiety that was created when King Digital IPO fizzled on Wednesday.

Read MoreIPOs flood market, swim against tide of 'bubble' speculation

On the Big Board:

1) Aerohive Networks, a cloud-based mobile network platform for businesses, priced 7.5 million shares at $10, in the middle of the $9 to $11 range;

2) Television giant CBS' billboard business CBS Outdoor Americas priced 20 million shares at $28, at the high end of the $26 to $28 price talk; and

3) Online health-related content provider Everyday Health priced 7.1 million shares at $14, in the middle of the $13 to $15 range.

RELATED ARTICLES
- Advertisment -

Most Popular