Why the Spike in February IPOs?

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Feb. 5 (Bloomberg) -- Triton Research Founder and CEO Rett Wallace discusses the markets and the spike in IPOs on Bloomberg Television's "Bloomberg Surveillance. (Source: Bloomberg)


Their favorable.

That is all it comes down to.

That's right.

We have seen energy deals, health care.

Is the ballet of today, the same as the ballet of 2006 or 1996? fewer underwriters and not as many companies that are in the early stages.

The companies are much bigger, more mature companies.

They are easier to evaluate, but it is a little weird that they are only company -- coming to the market now.

Are they clearer or is clear as they were?

It is an amazingly resilient template, in the sense that they are filling the numbers.

Twitter versus facebook -- even the locations of the charts were kind of the same.

The language is a legal document designed to protect the issuer as much as inform the buyer.

The format has held in since the 1940's and 1950's. our viewers -- the one you want you never can get shares of.

It seems like an unfair game.

A gets more unfair as the number of underwriters are more concentrated.

Iker soft one public with 116 underwriters -- microsoft went public with 116 underwriters.

Linkedin went public with five.

The number of firms that are controlling these allocations -- goldman sachs, j.p. morgan -- if you want to get the good stuff when it comes, you're still talking to the same person at the underwriting firms when the less good things are coming out.

It is a fascinating process.

Should the little guy play this game?

The little guy has no shot.

It is very, very difficult to read the documents are not publicly available until three weeks before the deal.

This is all we do, read these things.

It is tough for us to get to the bottom of them and the time elapsed.

Thank you so much.

This text has been automatically generated. It may not be 100% accurate.


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