IPO Registrations Near Record High: Signs of Market Trouble?

by: Paul Kedrosky

On Monday of this week it was All IPOs, All the Time at the SEC. Eight companies filed to go public, ranging from Netsuite to Och-Ziff Capital. While this pretty much locks in my ongoing prediction that 2007 will be seen as a year of resurgent IPO markets, it's worth looking back and asking when we last saw this kind of IPO filing activity.

According to Dealogic (which tracks that sort of thing), this is the highest one-day total since May 12, 2006, when ten companies registered to sell stock on U.S. markets. And to put that previous high in context, the all-time high before that was hit in March of 2000, when 11 companies filed for IPOs in one day -- whereupon the market bubble began rapidly deflating.