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An Arctic blast swept through town last week and sent chills through the streets of New York City. The weather didn’t phase the buildup of the secondary and IPO calendars. But a few of the deals did get a cold shoulder or two from investors. Not everything got priced.

 

This week’s new-issues calendar is starting to look more like a stampede than a cavalry charge. There are nearly 20 deals thundering down the home stretch. It includes secondary offerings, closed-end funds and IPOs. And the IPOs range from drones to fertilizers to blank checks.

Legacy Reserves LP (NASDAQ: LGCY), an independent oil and gas limited partnership, was 2007’s first IPO. The deal was priced last week, opened flat and rallied in the aftermarket. It closed its opening day with a 6.84 percent gain.

Once upon a time, there was a race track in lower Manhattan. It was called IPO Downs. The betting was fast and furious and when bettors didn’t know the horse, they’d bet on the jockey. Things haven’t changed much over the years.