Post-JOBS Act IPO Trends

Earlier this month, we commented on some statistics regarding the number of IPOs and the IPO backlog (based on public filings).  Here, we offer a few more insights into recent trends in the IPO market based on various publicly available sources.

There were 70 IPOs that priced in the second quarter of 2014.  Of those almost 60% priced within or above the stated price range—this is fairly consistent with the experience of the last several quarters.  Perhaps it is too early to assess, but some have speculated that test-the-waters meetings for EGC IPOs are providing useful information regarding pricing and that is contributing to more deals pricing within the filing range compared to pre-JOBS Act periods.  IPOs priced in the first half of the year have outperformed the major equity indices.