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Behind every success story, there’s a pillar of strength. When it comes to IPOs, that strong suit boils down to one word – or acronym: JOBS. The JOBS Act of April 2012 has been good to the IPO market. Since April 25, 2012, the new-issues calendar has priced 100 IPOs. Their aftermarket performance has far outperformed the U.S. stock market’s major indexes.

 

Don’t believe the talk that the JOBS Act is slowing down the IPO traffic. It hasn’t. The numbers show the opposite. January 2013 was the busiest January in the last seven years. And February’s IPO market is looking to pick up where January left off.

 

This week’s calendar lists five IPOs expecting to raise over $2.3 billion. Next week lists another five IPOs aiming to raise over $1.1 billion. There is nothing beyond that, but don’t give up on February’s calendar. This is becoming the new way of life as the JOBS Act settles into place.

 

A private-equity sponsored company and a retread from a 10-year-old new-issues calendar pretty well sums up this week’s IPO action. That’s not much, but it is better than this time a year ago. Only one deal got priced during the shortened Martin Luther King, Jr., Holiday week in 2012. Those Monday holidays can sure slow down IPO traffic.