Did Facebook IPO Drain the Offering Market?
IPOs: has the Facebook IPO filing sucked the oxygen out of everyone's room?
It's hard to put the blame just on Facebook, but the spate of IPOs has been disappointing this week.
Several IPOs came, but not many did well.
Greenway Technologies did well, pricing at $10 and closing at $13 yesterday, but Silica Holdings , a Morgan Stanley offering, did not do well, pricing at $17 and closing at $16.05 the first day, and AVG Technologies priced at $16 yesterday and is at $13 today.
Next week, 10 IPOs are coming, including Caesar's Entertainment , which owns Bally's, Caesars, Harrah's and other casinos. The largest offering will be from Roundy's , the leading Midwest supermarket chain, valued at $200 million.
What about the future? With Facebook looming, a lot of deals may make it to the pipeline, but a lot of them may see their pricing cut.
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