After much a due, Alibaba's initial public offering (IPO) filing appears imminent, at a time when the IPO market seems to be thawing a bit. Financial data company Markit filed for an IPO yesterday, saying it expects to raise up to $750 million (it provided no guidance on terms).
The contenders are lining up: car-pricing comparison website TrueCar yesterday said it anticipates pricing 7.78 million shares at between $12 and $14, raising at much as $108.9 million in its debut. Zendesk (a cloud based customer service software) also set terms: 11.1 million shares at $8—$10.
Arts and crafts store Michaels re-filed for an IPO on Thursday, after withdrawing its offering (which was already delayed) back in December.
All of that is the future. We will see the first test of the market this week, when nine IPOs will price.