"LRR Energy and Pacific Drilling among new IPOs moving through filing pipeline," Houston Business Journal
Managing partner Rob Reedy spoke with Houston Business Journal regarding companies going public while the market is highly volatile. “'Starting in August, we had seen incredible volatility in the markets,' said Rob Reedy, managing partner of Houston law firm Porter Hedges LLP. 'The (Chicago Board Options) Exchange Volatility Index was in the 40s, which is too high for many companies to pull off an IPO.'”
"As for companies in other industries eager to begin the IPO process, Reedy said they shouldn’t wait, either."
“'The trick is to have all the right components and investment banking team in place and get to work,' he said. 'You can’t plan on the market, you just have to get the IPO filed, get through the commission and be ready to jump into the market when the timing is right.'”
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