Thursday, April 28, 2011
The above graph shows the count of US Initial Public Offering Filings, per month, according to Rennaissance Capital. I last talked about IPO statistics here, but this data set is interesting because it reflects filings, rather than actual IPOs, so gives a more up-to-the-minute sense of what's happening. Note that a significant fraction of IPOs are withdrawn, so the numbers cannot be directly compared to long term graphs like this one of actual IPOs/year since 1970 (left scale):
But still, the general trends obviously correlate. Anyway, it's interesting that March had more filings than at any time since before the great recession. We are obviously nowhere near the level of the 1990s but, still, the window is definitely open. In my opinion, CEO's would be well advised to do whatever gyrations are necessary to squeeze through it before rising oil prices slam it shut.