With the technology swoon of the last couple of days, this is actually a pretty good showing. Even though they had to reduce the actual pricing, I think this gives investors some leeway in terms of looking for a profit.
For the most part this really attracted income-oriented investors. Shamrock's business is relatively stable but there are some risks involved. The company depends on Ultramar and increased delivery of oil.
We are slowly awakening but are still a long way from recovering from last year's fall off. The Nasdaq has been up and that's a plus. But don't expect too much out of these offerings.
The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.
The IPO market is still relatively weak. Next week there are no deals expected to price.
Any ray of sunshine that investors can find is a big plus for the IPO market.
The type of companies are not as exciting as we've seen in the past, mostly because the deals coming out are not in hot markets.
A lot of wireless carriers have been doing well but they have fallen a bit from their highs. Wireless couldn't escape the tech wreck.
The sector is doing well. But they're highly leveraged. There will be a decent premium, around 10-to-15 percent, but not a blockbuster.
They're both in same industry but in different line of work. ATP is affected more directly by oil and gas prices.
