`Tis The Season For Ipo FeverGeoffrey Smith
Interest rates are rising. Stocks are in a funk. But one slice of the market is red-hot: initial public offerings. Deals postponed from a slow summer have been reworked and reissued, a large crop of technology offerings has taken gff like wildfire, and the IPO pipeline is packed with $5.3 billion worth of deals. A strong fourth quarter will produce the second-best year ever for new issues, with investors pouring in close to $40 billion.
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