THE US IPO market could see its busiest week in more than a year, with nine companies aiming to begin fundraising in the next five days.
The prospective deals include a $114m (£71m) capital raising on the Nasdaq from consumer review website Angie’s List, and a $578m offering from Delphi Automotive on the New York Stock Exchange.
But the companies are likely to have to show price flexibility in the face of recent market volatility, such as the massive stock dive last Wednesday sparked by Italy’s surging bond yields.
Other businesses, all seeking less than $250m each, include bedding retailer Mattress Firm Holding, investment manager Manning & Napier and biopharmaceutical company Clovis Oncology.
InvenSense, which makes motion-processing technology for consumer electronics, is getting off the blocks after delaying a planned deal in early August. Meanwhile Hollywood special-effects firm Digital Domain Media Group is returning to the market after putting its deal on hold since April 2008.
The last time there was such a big line up of initial public offerings was in December 2010.