IPOs come roaring to life


April is shaping up to the best month for initial public offerings in years.

Data from ClickIPO shows over $10 billion of new equity entered the market in April. That’s the most since September 2014. Combined volume in the first four months of the year also stands at $25.9 billion, the strongest total in at least a decade.

Technology stocks have led the charge, but not just any tech stocks. Most of the big names have focused on some form of cloud computing. Docusign (DOCU) and Smartsheet (SMAR), for instance, have tools letting employees and customers collaborate online. Ceridian HCM (CDAY) sells online human-resources software, while Pivotal Software (PVTL) offers a platform for building cloud-based applications.

Music-content provider Spotify (SPOT), another major technology name, also sold shares through an unusual direct IPO without the help of underwriters. The largest non-tech issue was graphite company GrafTech (EAF).

Do you want to invest in IPOs? TradeStation now offers access to initial public offerings through ClickIPO, an innovative mobile service that can be linked directly to your brokerage account. Existing clients can click here to get started.

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.