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

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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