GNC IPO
As promised before, here is another IPO news update. Today I am featuring two deals that will trade this week. Today’s strong market may filter down to more speculative investments like IPO’s, small caps and penny stocks. Remember, most people who make money in the stock market are prepared and have stock lists. So check out these three sought after IPO’s that are listed below.
GNC- (GNC:NYSE) This retail vitamin company is a staple on many main streets and malls. The IPO has a strong group of underwriters, Goldman Sachs, JP Morgan, Deutsche Bank and Morgan Stanley are the leads. As of now it seems that the deal is oversubscribed. GNC may not have the huge pop that many speculative investors are looking for, but many feel it should have a good first day. The name recognition could also attract longer term investors.
Qihoo 360 (QIHOO):NASDAQ) Qihoo might end up being the hottest deal of the month. It’s the # 3 internet company in China and is multiple times oversubscribed. UBS and Smith Barney are the leads, and allocations are expected to be tiny. Expect Qihoo to be as volatile as a hot penny stock in the first hour of trading. Qihoo could have a market cap of over $2billion on day one, but that probably won’t discourage longer term holders who are looking for rising stocks. I expect that this name will attract all types, from blue chip buyers to penny stock scalpers. Qihoo should see a ton of coverage on CNBC, which will attract even more short term traders.
Remember to check back in your quest to uncover rising stocks. Stay tuned for more penny stock alerts, market reports and IPO updates.
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