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When the Dow Jones Industrial Average closed on Friday, Aug. 2, at a record high, the S&P 500 Index finished on Friday at a record high and the Nasdaq Composite Index ended on Friday at a 13-year recovery high, this raised the question: Can the IPO market be far behind? Answer: It has arrived. You just don’t see it coming these days.

 

Last week was not a banner one for IPOs. Twelve companies went public with mixed results. Four IPOs finished their opening day as winners, six as losers and the other two were unchanged. The bio-IPO sector gave us a couple of noteworthy pops and flops. Their performance should not have surprised anyone. It was all right there in their respective prospectuses.

 

Last week’s best-performing IPO, OncoMed Pharmaceuticals (OMED ), started trading 65.6 percent above its initial offering price. This should not have come as a surprise. The clue to this biotech IPO’s winning performance can be found on the cover of its prospectus. This week’s calendar has a few more IPOs sending the same signal. All you have to do is look.

 

 

The IPO market exploded out of the U.S. Securities and Exchange Commission’s filing window with the fury of a summer storm. Starting last Monday, five companies filed plans to go public, 15 companies updated their previous filings and 14 IPOs hit the calendar. That’s not bad for the dog days of summer.

 

 

With one eye on the stock market and the other on the U.S. Securities and Exchange Commission’s filing window, the IPO calendar sits in wait for 2013’s second half to begin.