This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Market Volatility Weighs On IPOs This Week


NEW YORK (AP) â¿¿ After more than a month of mostly weak returns on initial public offerings, postponed deals and a highly volatile stock market, this week's seven scheduled IPOs may be lucky just to make it to market.

So far this month, four IPOs have been indefinitely postponed and one company withdrew its plans to go public. Two more companies canceled their IPOs in late April.

Of the 15 public debuts in April and May, nine companies have priced below or at the very bottom of expectations. Shares of 10 of those companies are currently trading below their offering prices, meaning two-thirds of initial IPO investors have lost money if they hung on to their stakes.

Not a great environment for IPOs. Only one company this week, Niska Gas Storage Partners LLC, is drawing an overall thumbs-up with its planned $367.5 million offering. That's because of the recent success of another natural gas storage company, PAA Natural Gas Storage LP, a former division of Plains All American Pipeline LP, said IPO analyst Scott Sweet of IPOBoutique.

Niska is the biggest independent operator of natural gas storage assets in North America.

The other deals will have to settle for "a wing and a prayer," said John Fitzgibbon, who tracks market chatter on upcoming IPOs at "It's an ambitious calendar and they ran into something called Greece."

Debt problems in Europe, particularly in Greece, have driven stock markets lower across the globe. Stocks were highly volatile at the end of last week with the Dow down nearly 1,000 points on Thursday alone before recovering most of its losses. In an effort to soothe panicky markets, the 16 countries that use the euro and the International Monetary Fund agreed this weekend to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt loads.

1 of 3

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
LTD $0.00 0.00%
PNG $0.00 0.00%
GRMN $49.63 0.00%
MUSA $70.99 0.00%
PAA $49.89 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs