- Summary: After being spoiled with two mega-IPOs in 2004 (Google) and 2005 (Baidu), this August's IPO market was tepid. Seven IPOs that were set to raise $2.9 billion in August were canceled or postponed, and seven companies raised $1.7 billion. For comparison's sake, in August 2005, 31 companies raised $5.8 billion. There were three bright spots this year: Evercore (EVR), Aircastle (AYR), and InnerWorkings (INWK) went public with double digit percentage increases. And the IPO bench is packed with 160 companies set to launch, the highest number since October 2004.
- Comment on related stocks/ETFs: Bill Simpson's insight into Evercore's IPO was spot on, and Market Participant called Aircastle an aircraft REIT. Clearfish Research took a look at InnwerWorkings back when they filed their S1. There is one IPO on deck this week: Chinese education provider New Oriental Education (EDU). Seeking Alpha provides coverage of all IPO filings.
Source: August was Hot, the IPOs Not