Burst of IPOs follows gains in stock market

2013-09-20T16:08:00Z 2013-09-20T16:13:08Z Burst of IPOs follows gains in stock marketThe Associated Press The Associated Press
September 20, 2013 4:08 pm  • 

The stock market has been heating up, driving demand for IPOs.

There have been 140 initial public offerings of stock this year, up 46 percent from the same time in 2012, according to IPO tracking firm Renaissance Capital. Of the eight companies that went public this week, two —cybersecurity software maker FireEye and technology advertising company RocketFuel — nearly doubled in value Friday.

The pace does not appear be slowing down. Next week, market watchers expect as many as 13 more companies to make their debuts. If all of them price, it will be the most IPOs in the U.S. in one week since 2007, when 14 hit the market at once, according to data provider Dealogic.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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