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Year’s ‘Most Anticipated IPO’ Comes To Market

Investors are holding their breath as a highly anticipated IPO comes to market this week. The results could speak volumes.

We’re talking about the IPO of CBOE the country's largest options exchange and the last major U.S. exchange to go public.

How well it's received will likely be interpreted as an important signal by Wall Street.

CBOE is scheduled to start trading on Tuesday. If its shares don't do well, that could wreak havoc on the other IPOs coming to market this week.

"You can bet that if CBOE doesn't work, the other(s) are history," says Scott Sweet of IPO Boutique.

Although demand is expected to be strong, the Street is jittery nonetheless.

Investors have pushed back against IPO prices this year with 50% of the IPOs in 2010 priced below expectations, according to Renaissance Capital.

CBOE expects to offer shares for $27 to $29 to initial investors, potentially raising as much as $339.3 million.

What must you know?

CBOE rivals are trading near 52-week highs on a belief that fin reg will require increased transparency and - as a result - be a boon for exchnages, explains Tim Seymour. I'd think the same should be true here.

Find out what OptionMonster Jon Najarian has to say about the IPO. Watch the video above!

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Trader disclosure: On June 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL); Edwards owns (PM); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman’s firm own (AAPL); Finerman owns (AAPL); Finerman’s firm owns (BBY); Finerman owns (BBY); Finerman’s firm owns (BP) calls; Finerman owns (GLW); Finerman’s firm owns (HPQ); Finerman owns (HPQ); Fienrman owns (RIG) calls; Finerman’s firm is short (IJR); Finerman’s firm is short (MOY); Finerman’s firm is short (SPY); Finerman’s firm is short (IWM); Terranova owns (IPSU), (BX), (PFE), (GMCR), (RSX), (TER), (AXP), (BMO), (BBY), (DIS), (XCO), (SWN), (GLD), (AAPL), (IPI), (SU), (V), (TEVA); Terranova owns UK Pounds; Terranova owns Euros; Terranova is short the US Dollar

For Tim Seymour
Seygem owns (MTL)

For Joe Terranova
Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (AMKR)
Virtus Investment Partners owns more than 1% of (IGE)
Virtus Investment Partners owns more than 1% of (DBV)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLV)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (DRYS)

Patty Edwards
Edwards owns (HES) for clients
Edwards owns (XOM) for clients
Edwards owns (RIG) for clients
Edwards owns (NE) for clients
Edwards owns (SLB) for clients
Edwards owns (HAL) for clients
Edwards owns (WFT) for clients
Edwards owns (DO) for clients
Edwards owns (GLW) for clients
Edwards owns (BBY) for clients
Edwards owns (CVS) for clients
Edwards owns (V) for clients
Edwards owns (AKAM) for clients
Edwards owns (AAPL) for clients
Edwards owns (DELL) for clients
Edwards owns (HPQ) for clients
Edwards owns (INTC) for clients
Edwards owns (TXN) for clients
Edwards owns (NVDA) for clients
Edwards owns (STM) for clients
Edwards owns (CSCO) for clients
Edwards owns (SPY) for clients
Edwards owns (QQQQ) for clients
Edwards owns (PM) for clients

Dennis Gartman
Funds Managed By Dennis Gartman Are Short Yen
Funds Managed By Dennis Gartman Are Long Canadian Dollar, Australian Dollar

Mike Khouw
Cantor Fitzgerald makes a market in (HOT)

Jon Najarian
Jon Najarian owns (NYX) and seats on the exchange
Jon Najarian owns (CME) and seats on the exchange
Jon Najarian owns (CBOE) and seats on the exchange

Ed Mills
***No Disclosures***

Darren Horowitz
Raymond James & Associates received non-securities-related compensation from (EPD) within the past 12 months.
Raymond James & Associates received non-securities-related compensation from (PAA) within the past 12 months.


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