Seven new IPOs were launched during the past week. Sirtris Pharmaceuticals rose 9% in first-day trading on the Nasdaq, while RSC Holdings fell 11% on the NYSE. A hundred and two IPOs have been priced so far in 2007 and % of them are trading above their offering price. There are four deals scheduled to be priced the following week.
Five new IPOs were launched this week, all of them were trading above their initial prices. Shares of the investment banking company JMP Group closed 11.8% above the IPO price, after the first day of trading on Friday. The shares were among the most actively traded on the stock market. Eighty-four IPOs have been priced so far in 2007 and 69% of them are trading above their offering price. There are ten deals scheduled to be priced next week.
Five new IPOs were launched this week. Electronic broker Interactive Brokers Group made one of the largest IPOs of the year, selling its shares within the expected range. Seventy nine IPOs have been priced so far in 2007 and 66% of them are trading above their offering price. There are six deals scheduled to be priced the following week.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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