Early in my career, I worked at a start-up software business that went public. The process was very interesting. First was the road show. Senior executives travelled all over to potential investors strutting their stuff. They tried to generate interest and get them interested in participating in the public offering. “Bet on me and you’ll win!” was the message. Much like the most recent road races. The Tour de Suisse and the Dauphine were the road shows for riders looking to make a squad like Tom Danielson and for riders with designs on winning like Andy Schleck.
Tom Danielson may have done enough to get Jonathan Vaughters to bet on tommy with one of his 9 Tour de France slots. I’m not sure if Andy’s road show was successful.
After the road show came the quiet period. This was time for the potential investors and investment media to go away and deliberate on what they saw. Companies can’t issue and financial data that could have an effect on analyst’s’ recommendations. We are now in the pre Tour quiet period. Time for the professional and amateur analysts to take what they saw and issue their recommendation.