More US companies line up to go public
The initial public offering (IPO) market is set for its busiest week in more than two years as a steadier stock market and the success of one deal is encouraging more companies to sell shares to the public.
Companies planning initial public offerings have had a rough time this year as turbulent stock markets sapped investors' appetite for risk. Wary buyers demanded heavy discounts on shares of companies burdened with debt, lacking operating histories or slow growth.
There are 11 firms expected to start trading in the next two weeks, according to data from Renaissance Capital and IPOScoop.com. If all seven companies slated for the week of March 22 start trading, it would be the busiest week of activity since November 2007.
Follow Emirates 24|7 on Google News.