Exchanges set for busiest IPO week since 2007

|By:, SA News Editor

Fourteen companies are due to price IPOs by Thursday night, which would make this week the busiest for such offerings since November 2007.

Ally Financial, in which the Treasury plans to sell $2.5B of shares, and hotel chain La Quinta, which intends to raise $725M, are among the standout debutants. A total of $4.8B in stock is projected to be sold.

However, the recent tech sell-off and King Digital's poor start following its flotation has sparked anxiety in the market.