My favorite Bain Capital reader laughingly points out an exchange on CNBC today that pretty much sums up the state (absence) of that offering's financial intelligence. He cites Bob O'Brien, of Dow Jones, as explaining that while Chipotle's IPO closed at day's end up 22%, the Burger King IPO is only up 7% (intraday) because: "The difference is in the burger... Burger King is stuck in a low growth industry."
Can no one on that program have realized that in the absence of major market moving news the daily gain on an IPO the same day of its initial issue has only to do with how well priced the deal was by the underwriters? Someone pays these people? Ugh.