John E. Fitzgibbon, Jr. has been following the IPO market since 1973 as an investment banker, as an analyst and as a journalist. He is the founder of IPOScoop.com LLC, an independent research firm predicting IPOs’ opening-day performances. IPO Scoop surveys Wall Street for input on how an IPO might perform during its opening-day’s trading. It publishes the consensus opinion in SCOOP ratings, which Street has an 11-year accuracy rate of nearly 88 percent. The SCOOP in IPOScoop.com is an acronym for Wall Street Consensus of Opening-day Premiums.
Fitzgibbon was an editor at IPODesktop.com, IPO.COM, 123jump.com,WFNUSA.com, The IPO Reporter, The IPO Aftermarket and was IPO Analyst at Redherring.com. He has been a Contributing Editor to Red Herring, Investment Dealers’ Digest, Traders’ Monthly and Financial Planning magazines.
In June 1993, Mr. Fitzgibbon founded The IPO Aftermarket. After being bought by Securities Data Publishing (now Thomson Media – a Thomson Financial company) in 1995, the newsletter was merged into The IPO Reporter in January 1998. The IPO Reporter was a weekly newsletter that offered coverage of the IPO market until being folded in 2002.
Mr. Fitzgibbon was the co-host of a nationally syndicated weekly radio show, “The IPO Show,” broadcast by BusinessTalkRadio.net from 1994 to 2001. He has been widely quoted by The Wall Street Journal, Dow Jones Newswire, The New York Times, Barron’s, Reuters, Bridge, Financial Times, CNNfn.com, Bloomberg Business News and others. Additionally, he has made numerous television appearances on CNNfn, CNBC, “The Nightly Business Report,” Dow Jones Investor Network and WEBFN.
In 1998 (the only year the survey was done), CBS MarketWatch recognized Mr. Fitzgibbon as “Best of Wall Street” for his IPO coverage. He was the only journalist to be profiled in a weeklong series of Wall Street research analysts.
He is the author of “Deceitful Practices: Nomura Securities and the Japanese Invasion of Wall Street” published by Birch Lane Press in 1991. In 2002, the book was published in the Czech Republic.
Mr. Fitzgibbon held several Wall Street registrations, including Series 7, 8, 24 and 63, and was a Senior Vice President and Syndicate Manager/Chief Trader at Sanyo Securities America (ceased operations in 1997) in New York City. Prior to that, he was a Vice President at Nomura Securities International. Mr. Fitzgibbon has worked in sales, research and branch office management for various brokerage firms, including Merrill Lynch and Harris Upham (now Morgan Stanley Smith Barney).