It’s been a hot summer in the IPO market.
Companies priced $4.8 billion of initial public offerings last month. That made it the busiest July since 2014, according to ClickIPO. Including a flood of deals in May and June, the running total has surged to its highest level in five years.
“At least eight offerings are scheduled before August 15, so the calendar is busy,” ClickIPO CEO Scott Coyle said last week. Thanks to a partnership with his company, retail investors at TradeStation can access a market once dominated by giant institutions and wealthy individuals.
One of those upcoming names is WiMi Hologram Cloud (WIMI), a Chinese company letting advertisers edit merchandise into video content. You also have also robotics firm CloudMinds (CMDS), dental supplier Envista (NVST) and Chinese Internet company The9 (NCTY).
The busy pipeline of deals comes as issuers capitalize on strong demand for technology companies and low interest rates. They also follow high-profile offerings earlier in the year like Uber Technologies (UBER), Lyft (LYFT) and Pinterest (PINS).
“IPO’s will pick up again after summer vacations, post-Labor Day,” added Coyle. “We expect a very busy and robust last four months of the year.”
July’s biggest transaction was business-intelligence company Dynatrace (DT), weighing in at $570 million. Others included restaurant chain Kura Sushi (KRUS) and cannabis producer Sundial Growers (SNDL).
