First Data: The Year’s Biggest IPO Debuts With a Thud

Oct 15, 2015, 3:33 pm EST

If you’ve been reading the latest from the IPOPlaybook, then you’re aware that much of the latest news has been grim. And, unfortunately, there are few signs of improvement. Source: Flickr

Wednesday, Albertsons postponed its IPO because of rocky market conditions, as well as the plunge in the stock price of Walmart (WMT). In fact, there was also a delay from Neiman Marcus.

Now it’s true that First Data (FDC) was able to get its own deal done — the largest one for the year — but it was far from inspiring. The company priced the offering at $16, which was below the proposed range of $18 to $20 a share. Read 

Albertsons IPO Gets Postponed Indefinitely

Oct 15, 2015, 3:05 pm EST

Albertsons has delayed its initial public offering (IPO) indefinitely.

The supermarket chain cited “market volatility” as the reason for pushing back its IPO. Retailers were hit especially hard in recent days.

Albertsons was ready to raise $1.95 billion in an IPO priced between $23 and $26 per share. Investors expressed interest in now having an IPO priced lower than the mid-$20s range. Read 

Neiman Marcus IPO Pushed Back to 2016

Oct 14, 2015, 11:47 am EST

The Neiman Marcus IPO has been pushed back to 2016 by the luxury retailer due to volatile stock market. Source: Flickr

The Neiman Marcus IPO was announced in August when the company filed with regulators. There were plans to launch the IPO in 2015, but sources close to the matter claim that this won’t be the case now. Neiman Marcus hasn’t released an official comment on the matter, reports Reuters.

The Neiman Marcus IPO being delayed may actually work out well for the company. Many companies that have launched IPOs lately have had their offering priced below their initial range. There have also been less companies filing IPOs in the third quarter of 2015 when compared to the same time last year, Reuters notes. Read 

Ferrari IPO: All the Details About the RACE Offering

Oct 12, 2015, 4:04 pm EST

Ferrari has announced plans to launch its initial public offering (IPO) with the ticker symbol RACE.

The Italian luxury vehicle company will make its debut in the New York Stock Exchange with a $10 billion valuation within the next few months.

Parent company Fiat Chrysler Automobile (FCAM) will set a price of $48 to $52 per Ferrari share and will sell about 10% of the company in the IPO. Read 

First Data and Albertsons Lead 4 New Stocks to Watch

Oct 12, 2015, 12:55 pm EST
First Data and Albertsons Lead 4 New Stocks to Watch

Even though the overall markets were on fire last week, the enthusiasm for new stocks was not so robust. Actually, underwriters had to substantially cut back on their pricings just to get deals done — except for the Pure Storage (PSTG) offering. Despite this, the average returns were still not so hot, at about 9% or so.

As for the upcoming week, the calendar is fairly light, which should be no surprise. Yet there are two deals that could raise over $4.6 billion, which include First Data and Albertsons.

Although, if the markets continue to rally, these offerings certainly have a good chance of getting traction. What’s more, First Data and Albertsons are certainly strong operators. Read 

Pure Storage IPO Looks as Grim as Other Tech Offerings

Oct 7, 2015, 3:10 pm EST
Pure Storage IPO Looks as Grim as Other Tech Offerings

Pure Storage (PSTG) may be a darling in Silicon Valley. But Wall Street isn’t showing much enthusiasm for the company’s IPO. So far in early trading, Pure Storage stock is down about 4.5%.

All in all, this is a clear sign that tech deals will likely face serious headwinds for the rest of the year.

Founded in 2009, Pure Storage is a top provider of all-flash storage systems. Though more expensive than traditional solutions, this company’s offerings also offer much more performance. Read 

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