Insights

IPOs Have Their Best August in Five Years

06 September 2018  |  TRADING IDEAS

Initial public offerings (IPOs) kept flowing last month, despite the normal summer doldrums.

Some $1.5 billion of new stock came to market last month, according to data from ClickIPO. It might sound puny compared with recent totals, but it was still the busiest August in five years.

The largest deal, property-management firm Cushman & Wakefield (CWK), weighed in at $765 million.

Still there were some technology names: speaker company Sonos (SONO) and security-camera provider Arlo Technologies (ARLO). Both sold about $200 million of equity and are up more than 20 percent from their inaugural pricings.

Going forward, activity could accelerate because September and October tend to be among the busier months in the year.



This article was written by David Russell, TradeStation Securities, Inc., part of the Monex Group Inc, published on 05/09/2018.

Risk Disclaimer: The information above is of general nature only and does not take into account your objectives, financial situation or investment needs. Prior to you make an investment decision, please make sure you carefully read and fully understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other relevant documents that you can obtain from this website. Monex Securities Australia Pty Ltd (AFSL No. 363972; ABN 84 142 210 179) is the Financial services provider. Financial products trading carries risks and may not be suitable for all investors. You are strongly recommended to seek independent financial advice before making any investment decisions.

,

Related Articles

This market report looks at 6 noteworthy companies and reports on their earnings releases for the end of Q2 2019. They include: Facebook Inc. (NASD..

Highlights Netflix (NASDAQ: NFLX), the world largest online streaming company, released second quarter 2019 financial results. The number of domestic subscribers declined a..

Register For Demo Account

Find out how easy it is to invest in international markets and diversify your portfolio.

Zero Brokerage Offer