IPO Filings at Fastest Pace Since 2007 Just as Markets Retreat

Global filings for initial public offerings are accelerating to the fastest pace since 2007 just as Greece’s debt crisis and China’s rising inflation drag down global stock markets.

At least 720 companies including Groupon Inc. and Beijing Jingneng Clean Energy Co. have announced plans this quarter to seek $67 billion in IPOs, according to data compiled by Bloomberg. That’s the largest number of deals in a quarter since 794 IPOs were announced during the final three months of 2007, the data show.