IPOs Heat Up
IPO business heating up a bit. Typical post-Labor Day slowdown seems to be ending now. Couple of interesting ones coming this week: 1) Affinion Group, former subsidiary of Cendant, purchased by Apollo in 2005, a global provider of loyalty programs and customized market services, and 2) Virgin Mobile.
The hot IPOs this year: Chinese IPOs, with China Digital the most recent. Sixteen Chinese companies listed in the U.S. this year.
So far, we seem to be about even with last year; 149 IPOs year to date; 128 this time last year, according to IPOfinancial.com
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