How about NMX?

NEW YORK (MarketWatch) -- Nymex on Tuesday increased the estimated price range of its initial public offering by 10% and added 500,000 more shares as investors line up for the commodities bourse.

NMX0.00, 0.00, 0.0% ) said it'll offer 6.5 million shares at $54-$57 a share, richer than its earlier terms of 6 million shares at $48-$52 a share.
Under the new terms, the corporate holding company for the New York Mercantile Exchange will raise about $361 million in its IPO based on the midpoint of its new range, up from its earlier purse of $300 million.
The New York Mercantile Exchange's IPO is "massively oversubscribed," according to Scott Sweet, managing director of IPO Boutique.
"Deals like this come rarely in a given year," said Sweet, who reiterated his top rating of 5 on the IPO.
Nymex will have to generate an opening pop of more than 100% to take the cake as the biggest IPO opener of the year.
 
Think of it this way. For a stock to become a winner, it must at first be hated. There must be bad press and naysayers from the start. That way, when the conference call rolls around, the naysayers can be proven wrong. Then people rush in to buy the stock.

If a stock is well liked from the start, then the stock will be expected to jump over higher hurdles and will have to continue doing so.

NYX, ICE and MA all had their naysayers. You can go back and find articles that speak out against it. In fact, you can find analysts from reputable firms stating that Mastercard was a sell at 50.

So if everyone rushes in at once, gangbusters. Where is the upside?

My standard advice is to wait for the first conference call and analyst review on an IPO. However, there are certain exceptions, like Mastercard. What made Mastercard a strong buy at the time was depressed market conditions, bad press and analysts that said sell.

You need the naysayers to hold the price back. Bashers are an important part of a bull-market. When the bashers are proven wrong, then the buyers rush in.

If there are no bashers, then where do we go from here?

Quote from mbay:

I differ. So far most of the news has been positive about NMX, so I expect a pre open jump in price and I still consider buying it at market price just because of all the hype.

On a value basis it does not make any sense how high these exchanges are going for, but if this is the new market standard, ok :).

Imagine when Visa goes public, its almost like Baidu all over again almost, how sad, :).

While on the topic on IPO, is there a certain place where you can get exact information on the day the ipo goes public and time, rather then expected day or time?

Thanks.
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