At first glance, this week’s calendar of eight IPOs looks to be bountiful. But on closer inspection, it isn’t.
Three are new faces are pressing their noses against the IPO window. Four others are carryovers from past weeks, and the final IPO is planning to price over 33 million shares. But here’s what sets this last deal apart from the others. The trading for the offering is scheduled for the Nasdaq Global Market, jumping from the Over-the-Counter Bulletin Board. Some might call this an IPO, but it isn’t. It is a public offering.
Nevertheless, investors have more things to worry about than this week’s planned IPO traffic.
Investors’ interest this week will be ...