MasterCard IPO

MasterCard IPO

Published May 25th, 2006 in Trading Tags: contraction, daytrading, expansion, ipo, MasterCard.

While most of the trading blogs were dissecting the hows and the whys of the Vonage IPO disaster, not much thought was give to another very high profile IPO waiting in the wings.

Today, MasterCard debuted. And what a debut it was! MA started trading in the morning at $40ish, above its lowered offering price of $39 and rallied to finish the day at $46, for a one day gain of +18%. Of course, it helped that the market finally put in a very strong up day. But still a lot of credit has to be give to Goldman Sachs and the other book runners for creating a smashing first day.

I also noticed that MA’s intra day action was a classic example of expansion leading to contraction (and back again):

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contraction, daytrading, expansion, ipo, MasterCard

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1 Dummy Trading Without Any Gaps at Trader’s Narrative Pingback on Apr 3rd, 2007 at 12:25 am
2 What Visa’s (V) IPO Means For This Market Pingback on Mar 21st, 2008 at 3:24 am

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