Two initial public offerings (IPOs) priced above their range:
1) Autohome, a Chinese online auto site, priced 7.8 million shares at $17, above the raised price talk of $14-$16. I know--a Chinese online auto site. Huh? Still, there appears to be strong demand: initial price talk was $12-$14.
Why? They are the number one auto website in China in terms of daily visitors and time spent per user. The advertising money comes from roughly 100 auto makers (yes, there are 100 auto makers in China!). Dealers pay a subscription fee, which gives them stability in their revenues. Sales are $195 million this year; operating profit of $96 million, so they are profitable. Sales for the nine months ending in September grew 67 percent.
2) Valero Energy Partners, a Master Limited Partnership (MLP) that is an oil pipeline/terminal operator affiliated with refiner Valero (VLO), priced 15 million shares at $24, well above the price talk of $19-$21.
1) Hilton Worldwide (HLT), offering 112.8 million shares at $18-$21. Hilton is the biggest hotel operator in the world, with 4,000 hotels and almost 700,000 hotel rooms.
2) AMC Entertainment, one of the world's largest movie screen chains (343 theaters with 4,937 screens), is offering 18.4 million shares at $18-$20. They are owned by the Wanda Group, a Chinese real estate company.
3) ARAMARK Holdings (ARMK), one of the leading providers of food and uniform services to healthcare, education, sports centers, and prisons, offering 36.3 million shares at $20-$23.
1) Cheniere Energy Partners, offering 30 million shares at $19-$21, a limited partnership (LP), will own a 55.9 percent interest in Cheniere, which owns liquid natural gas facilities.
2) Nimble Storage (NMBL), offering 8 million shares at $16-$18, an enterprise storage business, which incorporates high-performance flash storage. It's a technology change because flash is a quicker, more reliable than traditional disk-based storage. This is a hot space, and we could see a nice move up.
—By CNBC's Bob Pisani