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The Mexican unit of Banco Santander rose 6 percent on its first day of trading to close at $12.91, amid a choppy environment for initial public offerings.
What's more, having finished down one year, funds could find it difficult to recapture higher ground, especially in a choppy environment.
BLOOMBERG NEWS Mexico Unit of Banco Santander Rises 6% in Debut | Shares of the unit, Grupo Financiero Santander México, rose 6 percent on its first day of trading to close at $12.91, amid a choppy environment for initial public offerings.
Shares of the unit, Grupo Financiero Santander México, rose 6percentt on its first day of trading to close at $12.91, amid a choppy environment for initial public offerings.
In a choppy environment, nailing down gains is not a bad idea.
RW: We think companies like [project management software startup] Atlassian that have a certain amount of revenue and profitability can go public even in a choppy environment.
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For venture firms that have managed to raise money, like True Ventures and Kleiner Perkins, the choppy environment is both a blessing and a curse.
Even in the choppy environment of 1994, the uneasiness in 1997 with Japan and in 1998 with Long-Term Capital, the retail business tended to be the steady hand on the tiller, but that's becoming increasingly less so.
Brightcove is preparing for its debut in a still-choppy environment for technology I.P.O.s.
And a warmer, choppier environment is less easily damaged than the Alaskan shores that were affected by the Exxon Valdez.
"It has been a choppier economic environment and that creates head wind for everyone" in retail, she explained.
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