Nine initial public offerings (IPOs) priced and began trading in the week ended Friday, November 21, and that brings the total number of deals for the month to 26. According to IPO ETF manager Renaissance Capital, the amount raised in the month totaled $7.2 billion. Two of last week’s IPOs, Habit Restaurants Inc. (NASDAQ: HABT) and Second Sight Medical Products Inc. (NASDAQ: EYES), doubled their IPO prices on their first day of trading.
Renaissance Capital also reports that 261 IPOs have priced in the United States so far this year, up about 25% from a year ago. Total proceeds raised come to $82 billion, up more than 66% from 2013. The 2013 IPO total came in at $54.9 billion, the highest total in the past 10 years.
Just one IPO may price in the short holiday week ahead, after failing to price last week.
CVSL Inc., a direct sales/micro-enterprise company building an online community of entrepreneurs and their customers, is changing its listing from the OTCQX marketplace to the New York Stock Exchange MKT. The company recently effected a 20-for-one reverse split and plans to offer 6.7 million shares of common stock at $13 per share on the NYSEMKT under the ticker symbol CVSL. Shares are currently trading on the OTCQX under the ticker symbol CVSLD. Joint managers for the offering are Cantor Fitzgerald, JMP Securities and Janney Montgomery Scott.
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