initial public offerings (IPOs) trading on American exchanges

Thursday, September 26, 2013

2013 the best year for IPOs since 2007?

There have been 143 companies selling shares to the public for the first time this year, says Renaissance Capital. That's up 47% from the 97 IPOs during the same period last year.

It's an encouraging sign to see this level of IPO activity. The number of IPOs this year so far already tops the 128 and 125 in all of 2012 and 2011, respectively. And it's not hard to imagine that this year will top the 154 IPOs in all of 2010. If that happens, 2013 could be the best year for IPOs since 2007.

Interestingly, too, the industry that's been leading the IPO charge has been health care. It's a bit of a unexpected development, since many investors had been negative on health care coming into the year due to health care reform. Following the 36 health care deals in the past 12 months is the financial industry, with 31 deals.

Meanwhile, the pipeline for IPOs is looking relatively healthy. This year, nearly 190 companies have filed their plans for IPOs, up from the 141 that filed in all of 2012. Meanwhile, investors are still awaiting the much-anticipated tech IPO of Twitter.

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