IPOs set for November rebound in the US

THE IPO machine is set to roar back into life this month with 16 floats due in the US.

The 11 deals scheduled for next week will make it the busiest seven day period since November 2007, according to US investment advisor Renaissance Capital.

The USā€ˆlistings include consumer reviews website Angie’s List, which wants to raise $106m (£65.81m), vehicle supplier Delphi Automotive, which is aiming for $554m, and Chinese daily-deals website Lashou Group, which has filed terms for a $75m offering.

Last week Groupon finally launched its $700m flotation, after slashing the size and valuation of the IPO, in an offering valuing the company at $17bn, while fertiliser producer Rentech Nitrogen and energy firm Enduro Royalty Trust also priced deals last week.

“After a two month long dry period, the US deal calendar has exploded in the past two weeks as bankers try to take advantage of a more constructive equity trading environment,” Renaissance said.

Global market turmoil has forced the postponement of IPOs in the US, Britain and Singapore.