The afternoon deal: Signs of spring
The global market for initial public offerings is showing new signs of life after a spate of downsizings and postponements. Issue prices are not always what companies originally hoped for, however, and investors are being selective.
Following are some recent Reuters stories from the different regions that track the activez IPO market.
* GM CFO sees chance for profit, IPO in 2010
* Brazil’s OSX slashes IPO in setback for Batista
* Citi unit Primerica files for $234 mln IPO
* Nobel laureate’s firm spikes 44 pct in debut
* Mirion Technologies files for $202.4 mln IPO
* Brazil’s biggest initial public offerings
Great reads from the Web:
China in Midst of ‘Greatest Bubble in History,’ Rickards Says (Bloomberg)
” ‘As I see it, it is the greatest bubble in history with the most massive misallocation of wealth,’ James Rickards said at the Asset Allocation Summit Asia 2010 organized by Terrapinn Pte in Hong Kong yesterday. China ‘is a bubble waiting to burst.’ ”
What Will Happen to GMAC? (WSJ)
“Why does this matter? Because taxpayers still have $17 billion invested in GMAC.”