Every year the IPO market gets off to a slow start, and given last year's performance, it should get off to an even slower start this year.
The market is so cautious right now and so shaky that if you don't have all those perfect scenarios, then you will trade at your IPO price.
Technology had a reasonably good run on the Nasdaq last weekend, but once again it's really wait and see how they price.
Considering the economy, a lot of people are doing mid-career retraining.
With 360 million shares you have to (have a huge sales force).
Odyssey is in wait-and-see mode. It's kind of unknown what the institutional demand will be.
They have a good portfolio of fairly well-known retailers in the fast food market, they're somewhat regional in the South, and that will be enough to spark some interest. But it's not a deal that will see any sort of price movement.
It has to do more with the standard of living than anything else. As the standard of living keeps growing, more people can afford these services, but how fast they will grow in China is anyone's guess.
It has created the type of publicity that a good IPO needs.
Just because of Andreessen, this will get institutions interested.
