EQT Midstream Partners (EQM) received a warm welcome from the investing world Wednesday.
The natural gas company's shares jumped 12%, one day after pricing its initial public offer at $21, the high end of its range.
It's the first company to go public since Facebook's (FB) much-hyped and very troubled debut on May 18 -- Facebook's stock is down 15% from its IPO price.
Three other companies are schedule to go public this week, and if they all fare well, the IPO market may start to heat up again.
EQT offered investors a healthy dividend of 7% for investing in its shares. Dividends have been particularly enticing recently for investors, who are worried about a global economic slowdown and Europe's escalating debt crisis.
Facebook's IPO had raised concerns about the health and safety of the public markets and left many investors, large and small, embittered
For today at least, executives at the roughly 180 companies currently in the IPO pipeline can breathe a sigh of relief that investors haven't completely eschewed investing in newly public companies.
Still, EQT's IPO was relatively small -- raising $263 million by selling 12.5 million shares. By Friday, investors will have a better reading on the health of the IPO market when all four new companies are trading.
|HBO scraps Jon Stewart's new show|
|Ariana Grande suspends tour following Manchester terror attack|
|Fox News removes false story on Seth Rich's murder -- six days after it was debunked|
|FCC won't take action against Colbert over Trump joke|
|China and Russia are coming for Boeing and Airbus|