Summary Box: CBOE’s IPO success may prompt others to take chance on uncertain market
By APTuesday, June 15, 2010
Summary Box: CBOE IPO shines, may prompt more IPOs
CBOE IPO SHINES: Shares of options exchange CBOE Holdings Inc. logged double-digit gains in their trading debut. It was a rare success in what has been a tough year for initial public offerings.
THE GOODS: CBOE’s rapid growth, exclusive products and potential to be acquired made it attractive. The exchange created the VIX, or the Chicago Board Options Exchange Volatility Index. It is a closely watched gauge of market volatility also known as the “fear index.”
CRACK IN MARKET: While demand for most IPOs remains tepid, CBOE’s success may prompt high-profile companies in the pipeline to set a trading date.
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