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	<title>BrettMaas.com &#187; Accretive Health</title>
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	<description>Communicating your story to the Street</description>
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		<title>Accretive Health &amp; ReachLocal IPOs hit today</title>
		<link>http://brettmaas.com/accretive-health-reachlocal-ipos-hit-today/</link>
		<comments>http://brettmaas.com/accretive-health-reachlocal-ipos-hit-today/#comments</comments>
		<pubDate>Thu, 20 May 2010 19:20:38 +0000</pubDate>
		<dc:creator>Brett Maas</dc:creator>
				<category><![CDATA[IPOs]]></category>
		<category><![CDATA[Accretive Health]]></category>
		<category><![CDATA[ReachLocal]]></category>

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		<description><![CDATA[Hat Tip to the WSJ Hospital-revenue manager Accretive Health Inc.&#8217;s IPO was rising in its first day of trading, while Internet marketing-service firm ReachLocal Inc.&#8217;s initially dropped only to recover and trade higher. Both companies cut their prices to get their initial public offerings done, an increasingly common trend this month amid widespread stock volatility. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://brettmaas.com/wp-content/uploads/2010/05/ipos.jpg"><img class="alignright size-medium wp-image-111" title="ipos" src="http://brettmaas.com/wp-content/uploads/2010/05/ipos-300x216.jpg" alt="Accretive Health IPO" width="300" height="216" /></a>Hat Tip to the <a href="http://online.wsj.com/article/SB10001424052748703559004575256514139994370.html?mod=WSJ_PersonalFinance_FitnessNHealth" target="_blank">WSJ</a></p>
<p>Hospital-revenue manager <a href="http://online.wsj.com/public/quotes/main.html?type=djn&amp;symbol=AH">Accretive Health</a> Inc.&#8217;s IPO  was rising in its first day of trading, while Internet  marketing-service firm <a href="http://online.wsj.com/public/quotes/main.html?type=djn&amp;symbol=RLOC">ReachLocal</a> Inc.&#8217;s initially  dropped only to recover and trade higher.</p>
<p>Both companies cut  their prices to get their initial public offerings done, an increasingly  common trend this month amid widespread stock volatility.</p>
<p>Accretive  opened at $12.74 a share on the New York Stock Exchange, up 6% from its  IPO price of $12. A total of 10 million shares, 3.3 million less than  originally planned, were sold at a price below its expected $14 to $16  range. Accretive continued to rise; it was recently changing hands at  $13.54, up 13%.</p>
<p>ReachLocal initially traded down but bounced back  above its IPO price. It opened at $12 a share on the Nasdaq Stock  Market, down 7.7%, and was recently at $14.70, up 13% from its IPO price  of $13. It sold 4.2 million shares below its expected range of $17 to  $19.</p>
<p>Read more <a title="Wall Street Journal" href="http://online.wsj.com/article/SB10001424052748703559004575256514139994370.html?mod=WSJ_PersonalFinance_FitnessNHealth" target="_blank">here.</a></p>
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