Thick, if not frothy

7 May 2004 By Rob Cox Follow @rob1cox

A brisk trade is taking shape in IPOs by companies leveraged to a comeback in the investmentbanking business. Greenhill’s IPO was a knockout success. Leaguetable ranker Dealogic did well, too. Now comes Morningstar.

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Greenhill & Co. sold $88m of new stock in an initial public offering, raising funds to expand its business of advising companies on mergers, restructurings and investing in private companies. The stock was priced at $17.50 and popped 17% on its first day of trading on Thursday. Dealogic Plc, a UK company that compiles data on mergers and securities transactions, sold shares at 220p each. The stock rose 5% on its first day of trading. Morningstar, a USbased provider of data on mutual funds, on Thursday announced plans to sell shares in an IPO.

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