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Good Week for IPO Market

Posted
12/14/2012 2:41:00 PM
By: Wyatt Investment Research
Referenced Stocks:PBF;SBY;SCTY;WGP

The post-Thanksgiving IPO drought is officially over, as three companies went public this week.

IPOs for SolarCity ( SCTY ), PBF Energy ( PBF ) and Silver Bay Realty Trust ( SBY ) have all debuted since Wednesday. That comes on the heels of Western Gas Equity's ( WGP ) initial public offering. With two more companies slated to go public as early as next week, suddenly the IPO market is alive and well as the holidays approach.

Four IPOs in December is still a pretty light number for the biggest shopping month of the year. Last year, 11 companies went public. There were 20 IPOs the year before that.

But considering there weren't any new public offerings between Thanksgiving and last Thursday, four IPOs in a week amounts to a windfall. Perhaps it will continue these last couple weeks of 2012.

For now, here is a bit more information on this week's IPOs: