Financial services offerings have done well this year.
Nobody cares about it. The IPO market is pretty quiet.
With all the top name underwriters it will be interesting to see if investors see if it's worth buying into.
It's not profitable, so there's a little bit of concern, but it's still an energy deal.
KPMG is the clear comparable. Most of KPMG's life as a public company has been below its offering price.
We are certainly off our bottom and have seen the worst of it. This is all part of momentum increasing in the IPO market.
Investors will be looking to see if Prudential can match Principal and Anthem.
Our first thought is that we're just glad there's this many deals on the calendar.
It's a pretty bad sign. It's a sign for what investors are willing to pay for an Internet company that's not making a profit.
