Initial public offerings (IPOs), particularly those involving familiar companies, often draw considerable attention from investors.

An IPO occurs when a former private business decides to take on external investors, either by having the founder sell some of their shares or by issuing new shares to raise money for expansions by listing those shares on a stock exchange or an over-the-counter market.

The hype in new IPOs continues to be huge. The recent announcement by Hawke's Bay Regional Council approving to float a 45 per cent stake in the Napier Port on July 15 has stirred up a lot of interest