Cisco dropped a bomb yesterday, saying it say slower growth ahead. The mammoth communications equipment manufacturer could spoil the IPO party that was just re-starting.
This week has seen four new IPO’s:
An upscale Fresh Market started trading Monday, and rose 46%, while Primo Water, which makes exchangeable refillable three- and five-gallon purified water bottles and dispensers, rose 7.9%.
Wednesday, two Chinese firms, Noah Holdings, Ltd, an investment broker, and semiconductor designer RDA Microelectronics debuted, both rising sharply. While Cutanea Life Sciences and Wave2Wave Communications postponed their offerings
Thursday’s IPO’s included Inphi and Complete Genomics. American semiconductor Inphi Corp–rising 28% on it’s first day. Alternatively, Complete Genomics declined 11%, while Ikaria, which makes a system to treat respiratory failure in infants, withdrew their IPO.
And of course, Friday is always a silent day for IPO’s