This is odd. MKP was trading at $18.20, yesterday morning. When the IPO at $14.85 came online, shortly after lunch, the stock price went up several cents. Today, the stock is up further to $18.40. The IPO is small and was sold out in roughly 60 minutes but I would have expected it to drive the price down, not up. Past IPO experiences have involved a 10~12% discount which drives the stock down to just above the discount for a brief time with the stock recovering a couple of months later.