IPO market: lots of filings, few debuts.
Bullet points for brevity:
- July IPO debuts = 3
- August IPO debuts = 5
- September IPO debuts so far = 1
Compare that to the companies filing to make an IPO sometime in the future:
- July filings = 11
- August filings = 15
- September filings to date = 7
There have already been some big filings mixed in for September, too — including Cobalt International Energy ($1.15 billion) and Shanda Games Limited ($800 million).
My impression: the pipeline is filling, but real recovery for the IPO markets is still to come. That’s what I thought a couple of weeks back when I talked to Ben Steverman of BusinessWeek for this article, that’s what the folks at the Wall Street Journal think, and that’s what the ongoing numbers point toward.
Stay tuned: the end of 2009 and (especially) 2010 could be much, much better times in the world of IPOs.
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