Review
TODAY'S IPOs ARE PRICED TO MOVE
The truth is that if you're not a big-money player who can flip a new issue fast, IPOs
are rarely good bets. But that may be changing.
Maybe the only job tougher right now than being Bill Clinton's spokeswoman is selling new stock on Wall Street. In the first two months of 2000, there were 70 initial public offerings. So far this year? Nine, a low not scraped since 1979. Five of these new stocks are already under water-cold certification that so far, 2001 is an IPO bear market.
What should you make of this? If you've ever wanted to buy a new issue, now's the time to get serious. For prospective IPO buyers, "this really is the best time, because there is no competition for these deals," says Linda Killian, a partner at IPO investing boutique Renaissance Capital and co-author of the new book IPOS for Everyone, "They get priced to move.". . .
--by Robert Barker, BusinessWeek
Product Description
"Renaissance Capital has an edge . . . they provide first-rate research."Jay Ritter, Professor of Finance, University of Florida
EXPERT ADVICE FOR IPO SUCCESS
"The Rosetta Stone of individual investors trying to understand how IPOs fit into our free market capital system and how to profit from IPOs."Mario Gabelli, Gabelli Asset Management
IPOs are here to stay and savvy investors need to incorporate them into their long-term investment strategy. According to expert authors Linda Killian, Kathleen Smith, and Bill Smith, founders of Renaissance Capital and the IPO+ Aftermarket Fund, IPO success lies in using the right strategies to choose the winners and avoid the losers. Features of IPOs for Everyone include:
- The authors 12 secrets to choosing and investing in IPOs
- Inside knowledge of the IPO market
- IPO terminology and sources
Take advantage of the expertise in this invaluable bookand get in on the ground floor of todays most rewarding investment opportunities.
See all Editorial Reviews