Fortress IPO?

I know NMX was a once in a decade move, but it had similar hype and it opened at 126 and had 30 pts of upside before calming back down.
 
Someone else said, It's a concept stock! It's a BRKA! Count me in. However this one turns out, the next IPO (hedge fund) will be more expensive and probably less of a return. Remeber BIDU, off at the starting gate (big demand).

If it takes off and you say "no way" it'll go higher.:eek:
 
Just put the symbol on your screen and watch and wait

NYSE should open earlier than NASDAQ stock...

It priced at $18.50 which is within the stated range of $16.50-18.50......did not price ABOVE the range....interesting...

Because it is such an "odd bird"....may not fit for a lot big players like mutual funds, etc etc

There will be a lot of hype and news regarding the open....should move very nice BUT it does have 34 million shares issued

Be careful.....

SteveD
 
" The vast majority of shares were sold to institutional
investors, leaving only a small percentage of shares for retail
buyers to fight over Friday morning, said Ben Holmes, publisher
of Morningnotes.com, an independent research firm in Boulder,
Colorado."

"People will be scrambling for shares tomorrow," Holmes
said. "It's obviously in big demand."

I already feel like I'm gonna get screwed and it's not even trading.



:(
 
I really dont understand the hype behind this IPO.

ITs a Hedge fund thats going public. What if this hedge fund were to blow up like Amaranth did.


Also if anyone hasnt noticed this, but according to documents released in January 2007 they claim to have 29 billion in assets under management as of Sept 30th, but its preliminary initial public offering document released in November it said its assets were approximately $26bn at this date.



The discrepancy comes from its private equity funds division which is now said to hold about $17.3bn of assets according to the latest statement. In the November filing Fortress stated it had $13.6bn in investments.

source from financialnews.com
 
Quote from AAAintheBeltway:

Every other hedge fund will be buying it like crazy so there will be a hot market for their IPO.
More...

I think thats a great point.

I'm buying at open for a quick trade.
 
You must log in or register to reply here.
Back
Top