This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IPO Watch: Market Turns Volatile

In fact, of the 10 worst IPOs of 2009, as measured by stock-price returns, eight came to market in the second half of the year.

Though there were several successful REIT IPOs earlier in the year from Cypress Sharpridge Investments (CYS - Get Report) and Starwood Property Trust (STWD - Get Report), "by the time September rolled around, the add-on REIT IPOs were harder to distinguish from each other, and ultimately experienced tepid demand," Buhr wrote.

Last week, Chesapeake Lodging Trust and Ellington Financial failed to price. Pebblebrook Hotel Trust (PEB - Get Report), a hotel REIT, managed to raise $350 million.

KAR (KAR - Get Report), a used-vehicle auctioneer, offered 25 million shares at $12 apiece, significantly below the expected range of $15 to $17 a share.

Also on deck this week: National Beef, Team Health and Kraton Performance Polymers, none of which Buhr is overly excited about, he said.

--Reported by Jeanine Poggi in New York.


>>See our new stock quote page.

Follow on Twitter and become a fan on Facebook.
Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CIE $3.20 -5.33%
CYS $8.04 0.00%
KAR $38.04 -0.34%
PEB $27.81 -3.40%
STWD $19.38 -0.10%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs