Hyatt and Ancestry.com IPOs: Beginners' luck? - Tom Johansmeyer

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Hyatt and Ancestry.com IPOs: Beginners' luck?
Nov 06, 2009 02:40 PM UTC

Tom Johansmeyer

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
NYX	n/a
PLA	n/a
H	n/a
NWS	n/a

Via BloggingStocks:

Filed under: Deals, NYSE Euronext (NYX), News Corp'B' (NWS), Initial public offerings

The IPO market has been pretty slow for the past two years due to the effects of a subprime mortgage crisis that turned into a credit crisis that turned into a worldwide financial crisis and recession. Nonetheless, two companies made their debuts Thursday -- one on the NYSE (NYSE: NYX), the other on the NASDAQ -- and they nailed it. Hyatt Hotels (NYSE: H) gave its investors a 12% gain on its first Big Board trading day, and Ancestry.com (NASDAQ: ACOM) switched those digits, jumping 21% in its first day of trading.

Hyatt Hotels overcame two major concerns. The worldwide travel market slump has been tough on hotel companies, and Hyatt has been subject to the same forces as everyone else. Also, investors may have been worried about infighting among the founder's heirs (the Pritzker family), but the double-digit price increase suggests that investors don't foresee Bancroft-style squabbles screwing investors -- or, if you don't like Dow Jones, now a part of News Corp (NASDAQ: NWS), Playboy (NYSE: PLA) makes the same point.

Continue reading Hyatt and Ancestry.com IPOs: Beginners' luck?

Hyatt and Ancestry.com IPOs: Beginners' luck? originally appeared on BloggingStocks on Fri, 06 Nov 2009 09:40:00 EST. Please see our terms for use of feeds.

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