IPOs next week: one at the right time, and maybe one at the wrong time.
Two one-billion dollar IPOs. Hearing big demand for Yandex (ticker: YNDX), which will begin trading Tuesday on the Nasdaq, the largest Russian internet company (the "Russian Google," or maybe the "Russian Baidu"?).
Speaking of coming at the wrong time. On Thursday Freescale Semiconductor (ticker: FSL) begins trading at the NYSE. This may be the oldest semiconductor company in existence — founded in 1948 (!) as a Motorola division, spun out in 2004, taken private in 2006 by a consortium led by Blackstone. Maybe. I hear this deal is coming together "extremely solely."
You hear Goldman's negative call on the chip equipment market yesterday?
Also, Spirit Airlines (ticker: SAVE), a discount travel airline well-known in South Florida, begins trading on Wednesday.
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