TransUnion's (TRU) successful public debut provides one more reason to keep a close watch on IPOs
TransUnion (NYSE:TRU) is sharply higher in its
inaugural session as a publicly traded entity. Specifically, shares of the credit bureau have spiked 9.4% since opening to flirt with $24.60. What's more, at last one big-name pundit sees upside ahead.
Earlier this week, CNBC's Jim Cramer said TRU is a "buy." His assessment is based on the fact that rival Equifax Inc. (NYSE:EFX) has been a major winner in 2015. Specifically, the latter stock has gained 23% year-to-date at $99.44, and on Monday touched a record high of $101.13.
TransUnion's (NYSE:TRU) success on the charts suggests traders should
keep a close eye trained on IPOs, as they've been largely successful lately. Speaking of which, just this morning, IAC/InterActiveCorp (NASDAQ:IACI) announced it will
take public its online dating business, which includes Match.com and Tinder.