Nov 4th, 2009 - Wall Street Journal
The IPO market showed signs of unease, with one company postponing its deal and Hyatt Hotel Corp. moving its debut one day earlier.
Regional bank PlainsCapital Corp., which was scheduled to price its initial public offering Wednesday night and begin trading Thursday, postponed the deal because of market conditions. The offering was supposed to raise as much as $240 million.
Hyatt, which was originally set to launch a $988 million deal for trading on Friday, is instead aiming for Thursday, with one analyst conjecturing that the hotel chain was trying to get the deal done ahead of the government's release of unemployment data Friday.
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0:59Hyatt debuts 8% above price amid 'discerning market'
Hyatt Hotels Corp. (NYSE:H) opened Thursday at $27, above the $25 price established Wednesday evening. The stock is at $27.41 in late-morning trading. In the year's fourth largest initial public offering, the private-equity backed hotel chain raised $950 million in gross proceeds ...
1:01NYSE Euronext's Cutler on hot week for IPOs
Hyatt Hotels Corp. is one of six initial public offerings anticipated this week, making it the most active week in IPOs since that of Sept. 21, when seven companies went public. The hotel chain, which is expected to debut Thursday on the New York Stock Exchange under the ticker symbol H ...
