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Cramer’s IPO’s: Guidance Software Vs. IPG Photonics

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By Douglas A. McIntyre Published
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Last night Cramer was discussing two IPO’s favorably that both priced.  One of his two "hot issues" priced above, but one didn’t make the range.

Guidance Software (GUID) priced its 5 million share IPO at $11.50, under the $12.50 to $14.50 range.  Morgan Stanley and Lehman brought this deal public.  This is the forensic software and data recovery software company.

IPG Photonics (IPGP) priced 9 million shares at $16.50 for its IPO, above the $13.50  to $15.50 range.  Merrill Lynch and Lehman Brothers acted as lead managers, and co-managers were Needham, Jefferies and Thoams Weisel.  This is the fiber laser for industry company.

Once again, anyone that sets pre-established price bands on a deal should really be looking at the comparable news upun til the same morning as the IPO.  Cramer set some price parameters last night on these two deals and one is acting opposite from his call right off the bat.

Jon C. Ogg
December 13, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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