Thursday, April 16, 2009

IPOs back in the news.

Are IPOs back? Rosetta Stone continued its IPO which is just the fourth of the year and THIRD this month! Heat wave.

Rosetta Stone: IPO Market Continues Activity -- Seeking Alpha:
"Rosetta Stone (RST) IPO pricing at $18, above the expected range of $15 - 17, raising $112.5 million."
From the WSJ:
"Foreign language software specialist Rosetta Stone Inc. (RST) sold its initial public offering at $18 a share Wednesday, the first IPO to price above its expected range in nearly a year.

The company, scheduled to begin trading Thursday on the New York Stock Exchange under the symbol RST....

It's the first IPO to price above its range since industrial pump and valve company Colfax Corp. went public in May 2008.....

Rosetta's pricing makes April the busiest month for IPOs in the U.S. since July, when three deals hit the market. Since August, there have only been five IPOs, with three so far in April.
Just for perspective, from 1960 to 2005, April averaged 26 IPOs (median 23) according to Jay Ritter's Data.

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