AAA Nov. 3, 2009
Icy reception
By CHIP CUTTER

Icy reception
By CHIP CUTTER
Fourteen companies went public in October. Only five of them rose above their opening price and stayed there. Investors are gun shy, in part, because many of the companies going public were owned by private equity firms and saddled with billions of dollars in debt. IPOs are also inherently risky. Despite the reaction by investors, another six are planned for this week, including one from Hyatt Hotels. But analyst Scott Sweet of IPO Boutique says the offerings likely won’t get much of a response. “I’m very, very leery,” he says.
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