Finally summer is catching up with IPO market. After pricing 26 issues in the first two weeks, less than five companies are likely to be priced in the last two weeks of August. Of the four listings this week two energy-related and one restaurant IPO closed above their offer price.
Multi-channel retailer J. Crew is hoping to raise up to $200 million, that would make it the second-largest retail IPO of the year after Volcom’s offering in June.
The IPO market revival continues a week after Baidu.com turned in the best first-day performance in five years. A total of 12 initial public offerings hit the market this week.
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