Barnes and Noble (Nasdaq: BKS) shareholders responded to TheStreet.com’s IPO success with enthusiastic messages in bulletin boards all over the Web. After all, these investors feel, if TheStreet.com can rise this much in one day, the upcoming barnesandnoble.com IPO could do just as well, if not better.
The exact IPO date of Barnes and Noble’s e-commerce businesses hasn’t been released, but it will likely happen at the end of this month, with May 24 and 25 being mentioned as possible dates. Shares of Barnes and Noble climbed 1-1/16 to 35-1/2 on Tuesday.
After the market closed on Tuesday, online investment bank Wit Capital provided another signal that the IPO is looming. Wit Capital e-mailed its customers to say that it had a limited amount of shares of the IPO on a first-come, first-served basis. Stay tuned. This could be the IPO of the year.