| As Duoyuan's Pattern Shows, IPOs Often Wild |
| News - Financial News |
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--(www.FinancialNewsUSA.com)-- 11/26/2009 - IPOs industry news provided by Financial News USA. Duoyuan Global Water (NYSE:DGW - News) is trading rather wide and loose. That's not so unusual, though, because Duoyuan is a June IPO. Duoyuan cleared a cup-without-handle base Sept. 22, but volume was only 11% above average. A breakout in so-so volume is suspect, and this one failed. It triggered the 8% sell rule two sessions later. The chart then evolved into a slightly high handle. It cleared the 36.49 buy point 14 strong volume Oct. 7. Shares rose 20% to an Oct. 20 intraday high before falling. Investors who held through the decline would've been stopped out when it fell 8% below the buy point 15ct. 28. Duoyuan is now in the fifth week of a possible base. So far, volume shows no sign of accumulation in the pattern. LinkedIn, the world's biggest professional social network, will probably pursue an initial public offering some time but not in the near future, co-founder and executive chairman Reid Hoffman told Reuters. "Probably at some point a balance will occur when that's the right thing. That will not occur in the near term," Hoffman said at a London event to celebrate the network's reaching 3 million users in Britain. LinkedIn, with 53 million members around the world, is seen as a strong IPO candidate, especially as the market starts to pick up. A recent Reuters poll found it one of the Silicon Valley companies most eligible to go public. Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced it has successfully completed the initial public offering of the Nuveen Mortgage Opportunity Term Fund. The new closed-end fundâ€(TM)s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities (MBS). The fund seeks to achieve its investment objective by investing in mortgage-backed securities directly and indirectly through a separate investment in a public-private investment partnership formed pursuant to the Public-Private Investment Program (PPIP) established by the U.S. Department of the Treasury. The fund will begin trading on the New York Stock Exchange today, under the symbol JLS. GSME Acquisition Partners I (OTC Bulletin Board: GSMEF - News) announced today that it has completed its initial public offering of 3,600,000 units. Each unit consists of one ordinary share and one warrant. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $36,000,000 to the Company. Cohen & Company Securities, LLC acted as representative of the underwriters for the initial public offering and Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM - News), and I-Bankers Securities, Inc. acted as co-managers. A copy of the prospectus may be obtained from Cohen & Company Securities, LLC, 135 East 57th Street, New York, New York 10022. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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