Investing

Only 1 IPO Might Try the Market in the Short Week Ahead

IPO
Thinkstock
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.

ALSO READ: Investors More Than Just Hungry for Habit IPO

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.