Are IPOs Perking Up?

I know, it's been a big nothing this year for IPOs, but this week 3 U.S.-listed IPOs have priced; including two big ones today that priced at the high end of the talk: Starwood Capital( ) and Emdeon().

According to Dealogic, this is the biggest month for IPOs ($1.97 billion have priced) since April 2008, when $3.15 billion in deals priced.

Still, it's been pretty miserable - just 21 deals priced so far this year, a 58 percent decline from last year (year to date), and the lowest period year to date since 2003, when there were only 22 deals.

Still, there are some hot IPOs on the horizon, including Hyatt Hotels (majority owned by the Pritzker family in Chicago) which filed a $1.15 billion deal on August 5th. 26 other IPOs are also pending. Not bad, but still way below normal.

Bottom line: if the market holds up, there will be more IPOs, and a ton of secondaries, coming in September through November. If the market falters, all these dreams of raising capital will go up in smoke.



Questions? Comments?