Selling the Solarwinds IPO
May 22nd, 2009 | By Jonas Elmerraji | Category: Oil Investment & Alternative EnergyCould a new IPO mean that the market’s really on the way to a rebound?
Could a new IPO mean that the market’s really on the way to a rebound?
The IPO buzz is building… In a span of one month, the number of IPOs in 2009 doubled. Half have been tech IPOs. Sure the tally stands at a pathetic six. But with over 100 deals waiting in the pipeline, the uptick is being closely watched.
The markets are digesting the latest nuggets of economic data. But a few stocks are shaking off any notion of bad news and are charging ahead. Should you be buying?