TEXT OF STORY
MARK AUSTIN THOMAS: It’s not your imagination. There really are more initial public offerings at this time of year. We asked Alisa Roth to find out why.
ALISA ROTH: They may not have the panache of Google, but some 17 stocks are expected to start trading for the first time over the next few days.
Just like the rest of us, the markets will start to slow down next week as investors get ready for the holidays and they don’t really get going again until mid-January.
David Menlow is president of research firm IPOFinancial.com.
He says it’s not just the companies themselves that are pushing the last minute blitz.
DAVID MENLOW: The end of the year does mark the fiscal end of most of the brokerage firms and bonuses really quite simply are paid on the basis of the profitability that various departments can generate.
He said having lots of investors around is key to a successful IPO, so companies are careful to schedule them away from holidays that shut the markets.
In New York, I’m Alisa Roth for Marketplace.
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.