What the underwriters do is discount them off the current market [valuation], which entices institutional investors to come in and sop up all the stock.

It seems to be gathering steam, ... The IPO market can be healthy even if the broader market doesn't know where it's going.

The Chinese market is just starting to wake up to this sector. It's a good one to watch.

We have seen an increase in postponements or cancels due to market conditions. That's now starting to become more commonplace than it was three months ago.

While the counter still trades at a discount to our 16.5 times market price-earnings ratio, its current premium over our fair value estimate and strong price appreciation over the past few months suggest that the issue has temporarily outrun its fundamentals, with no further upside in the next 12 months.

I think Chase is a very good story, ... I mean, at (a) 45 percent discount to the market, (it's) a very good place to be.