International Securities Exchange (ISE) wowed Wall Street last Wednesday with an IPO that raised $182m. The big splash is likely to spur more exchange IPOs, mergers and acquisitions analysts said.
IPO analysts called the first day of trading in the company the best listing to hit the stock market since 2001. ISE's stock price rose 68.8%, from its initial price of $18 to $30.40, on the day.
"It's an extraordinary success," said David Menlow, president of IPO analysis firm IPO Network in Milburn, New Jersey. "From an $18 pricing, the stock opened seven and three quarter points higher. This is the type of price...