It will be a busy week for initial public offerings as 8 new issues are due to hit the Street this week. Of course, these are shiny new names so there will be a lot of research to do and remember they won’t trade options right away but down the road they may which is where we are going to see our opportunities.
Here is a quick IPO rundown with the proposed ticker symbols, shares expected, price range and brief description for each new issue:
Adecoagro (AGRO) is offering 28.6 million shares at an expected range of $13-$15. The company is an agriculture play on Argentina, Brazil and Uruguay.
BankUnited (BKU) is offering 26.3 million shares at an expected range of $23-$25. The company runs banks in Florida and lends money.
BCD Semiconductor (BCDS) is offering 6 million shares at an expected range of $11-$13. The China company is in the semiconductor business.
Demand Media (DMD) is offering 7.5 million shares at an expected range of $14-$16. The company is a content provider and offers domain registration and monetization services.
InterXion Holding (INXN) is offering 18.6 million shares at an expected range of $13-$13. The company is a provider of carrier-neutral co-location data center services in Europe.
Nielson Holdings (NLSN) is offering 71.4 million shares at an expected range of $20-$22. The company is a media and market research powerhouse.
Velti (VELT) is offering 12.5 million shares at an expected range of $9-$11. The company is a provider of mobile marketing and advertising technology.
Zuoan Fashion Limited (ZA) is offering 6.9 million shares at an expected range of $11-$13. This China company is a maker of casual menswear.
As far as the current market, the bulls have been kept at bay following the news from overseas which we talked about this morning. However, here at home, economic news was better than-expected as consumer confidence came in at 60.6 versus expectations for 54. This was a disappointment for the bears who are trying to hold down the major indexes from breaking key levels.
As we head to press, the Dow is down 32 points to 11,948 while the S&P is off by 4 points to 1,287. The Nasdaq is showing a decline of 6 points and is at 2,710. Although the sentiment has been negative today, we wouldn’t be surprised to see a positive close.
We have a lot to cover in our Members Area so let’s get to it. Subscribers, check for the updates.