Monex News

IPOs Have Their Best August in Five Years

By David Russell (TradeStation)      6 September 2018  |  Trading Ideas

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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.

The content of this article is given for general information only. As general information, no consideration or evaluation is given to the investment objectives or financial situation of any particular person. Trading and investing involve substantial financial risk. All readers of this article should make their own evaluation of the merits and suitability of any financial products and/or advice or seek specific personal advice as to the appropriateness of engaging in any activity referred to in this article in light of their own particular financial circumstances and objectives. 

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