Apps & Software
SolarWinds & OpenTable IPO's To Determine Summer IPO Docket (SWI, OPEN)
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We are expecting two initial public offerings this week. On the docket are SolarWinds, Inc. to trade under the “SWI” ticker on the NYSE, and OpenTable, Inc. to trade under the “OPEN” ticker on the NASDAQ.
- The SolarWinds IPO is set for some 12.1+ million shares in a range of $9.50 to $11.50 per share. FULL IPO DETAILS HERE
- The OpenTable IPO is set to be 3 million shares in a range of $12 to $14 per share. FULL IPO DETAILS HERE
These IPO’s will potentially become proxies for how the IPO market will do this summer, particularly if the market remains stable or strong. As we noted earlier, the five IPO’s of 2009 are up about 27% on average right now. These companies are not the largest household names in the world, but they could be a good indication for what lies ahead in the workload of underwriting departments than other IPO’s.
JON C. OGG
May 18, 2009
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