Bumps in the IPO Road

The IPO (initial public offering) pipeline has hit a few bumps in the road given the volatility we saw in the markets over the last couple of weeks, especially last Thursday’s intraday record market mayhem.

Nonetheless, IPO deals are getting done with a lot of companies getting mixed results.

Take today, where we saw the location-based application company (GPS navigation) TeleNAV (symbol:TNAV) reduce its IPO debut range to $8 per share (offering of seven million shares) from the original estimate of $11-$13 per share.

Also, Noranda Aluminum Holdingscut it's IPO price and will now price between $8-$9 per share. That's a decrease of almost half the orginal estimated price range of $14-$16. It's important to note that the number of shares Noranda offers might be trimmed down, as well, to 10 million instead of 16.6 million.

However, IPO deals are getting done. This week the clothing retailer Express, priced at $17.00 per share. The stock is currently trading at 17.15.

Niska GasStorage Partnerspriced at $20.50 per each of 17.5 million shares. It is currently trading at $18.76 per share.

Roadrunner Transportationpriced at $14.00 per each of 10.6 million shares. RRTS is currently trading at $13.98 per share.

Related News:

• Express Shares Rising in IPO Debut
• Express Clothing Co, Roadrunner IPOs Steady in Debut
• U.S. IPOs Return with Niska's Sale After Stock Slump
• Dow's 998 Point Plunge - Watch How It Happened

_____________________________

• The Dow 30 in Real Time
• The CNBC Stock Blog

_____________________________

More from The Faber Report:

thefaberreport.cnbc.comand now on Twitter @DAVIDFABER_CNBC

Questions? Comments? Write to [e-mail].