Circle December 18 on your calendar. That’s the last stopping day for the IPO market in 2013. Two deals are scheduled to make their debuts on Wednesday. And then it’s home for the holidays.
The IPO market saddles up this week for the year’s last big sleigh ride through the canyons of Wall Street. On tap are 10 deals, with bankers expecting to raise $4.6 billion. Over half are said to be on somebody’s “most wanted” list.
The week cut short by the Thanksgiving Day break closed down the IPO calendar, but the U.S. Securities and Exchange Commission’s filing window was open for business. As a result, a few names hopped onto the forward calendar. Each company represented IPO market sectors that are in play.
Two
opposing views surfaced last week about the IPO market. From some corners,
there was talk of an IPO bubble, and from others, the story was that the IPO
market was played out. The latter camp pointed to four postponements and an
empty forward calendar. That is true. There is nothing on the November/December
calendar at press time. But there are signs in Wall Street’s jungle that debunk
both views.
It’s been said that when God closes a door, He opens a window. These are not necessarily comforting words on Wall Street, but there are indications that doors may be closing to certain sectors of the IPO market.
Yes, Virginia, there is life in the IPO market after Twitter (TWTR). This week’s calendar lists 12 offerings expecting to raise about $1.5 billion. The same could not be said for the week after another high-profile IPO, Facebook (FB).
November’s IPO market is already blowing into the canyons of Wall Street, thanks to a strong underlying market. This month’s traffic began on Friday with an opening-day moonshot. Twitter (TWTR – proposed) takes top billing on this week’s IPO calendar. By the way, it is shaping up to be the busiest week in six years. And that’s not all, folks! Besides Twitter, there are other “IPOs of Interest” among the names waiting to go public.
Twas the week before Twitter (TWTR – proposed) and all through the Street, the IPO calendar was hung with all sorts of treats. There are 10 deals on tap for this week, and many are what the experts call “IPOs of Interest.”
Most, if not all, of this week’s initial public offerings are expected to be priced on Thursday evening for Friday morning trading. The calendar lists four IPOs plus two “blank check” offerings. They expect to raise $1.3 billion. It looks as if the IPO gods rounded up a few from this year’s hot IPO industrial sectors and dropped them onto the calendar for the same day of the week. That’s right. Four IPOs are set to be priced on Thursday – the fourth night of the work week on Wall Street.