24/7 Wall St.

Last week’s initial public offering (IPO) calendar had just one firm looking to enter the public markets. Allegro Merger Corp. (NASDAQ: ALGRU), a blank-check company, raised $130 million selling 13 million units at $10 per unit. There are no IPOs on the calendar for the week of July 9.

One new registration of note did occur last week. Sonos Inc., a maker of home music systems, filed to raise an estimated $250 million. The company was among the first to make and sell a connected home speaker system, but the competition has revved up with Amazon’s Alexa, Google Home, and Apple HomePod.

Through the week ending June 29, IPO ETF manager Renaissance Capital reported that 105 IPOs have priced in the U.S. so far this year, up 36% year over year. Total proceeds raised through last week equaled $28.6 billion, up about 40% year over year.

For 2017, Renaissance Capital reported a total of 160 IPOs, up 52% year over year from 105 in 2016. Total 2017 proceeds amounted to $35.5 billion compared with a 2016 total of $18.8 billion. Renaissance Capital does not include “best efforts” or blank-check companies in its totals, nor does it include IPOs that raise less than $10 million.

Although no new IPOs are expected in the coming week, Renaissance Capital noted that there are a dozen firms that could launch in the coming weeks, including several healthcare companies, global real-estate brokerage Cushman & Wakefield, and Chinese online auto marketplace Cango.