The IPO market blows into town this week like a three-ring circus. The calendar has four deals looking to raise over $1 billion – yes, one billion dollars – and the headliner is the much hyped Groupon IPO.
When Ubiquiti Networks (UBNT) made its debut on Friday, Oct. 14th, the curtain finally went up on the post-Labor Day IPO season. The IPO was the first one priced since mid-August. The deal was a mixed blessing. The offering failed to raise the amount the company that the company had hoped for, but investors got an unexpected windfall profit.
Some things are best left in the rear-view mirror. That’s the best thing that can be said about the third quarter of 2011. By the end of September, most of the world’s stock indexes were close to the sharp claws of a bear market, which is a 20 percent drop from a previous high. When things like this happen, IPOs generally go into hibernation — except for last week.