The red-hot IPO market took a breather last month as the broader indexes tumbled lower.
Some $4.8 billion of initial public offerings priced in October, according to ClickIPO. That was 11 percent less than September and a 23 percent decline from the same month a year before. But it’s still a healthy number when you consider the broader stock market had its worst selloff in over seven years.
The biggest deal was StoneCo (STNE), a Brazilian credit-card processor that raised $1.2 billion. Its offering came shortly before a pro-business candidate was elected president.
Network-security provider SolarWinds (SWI) was the second-biggest deal, weighing in at $375 million. It was followed by Studio City (MSC), a casino operator in the gambling hub of Macau, at $359 million.
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