Burst of IPOs follows gains in stock market

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Associated Press

Posted on September 20, 2013 at 2:00 PM

Updated Friday, Sep 20 at 4:01 PM

The stock market has been heating up, driving demand for IPOs.

There have been 140 initial public offerings of stock this year, up 46 percent from the same time in 2012, according to IPO tracking firm Renaissance Capital. Of the eight companies that went public this week, two —cybersecurity software maker FireEye and technology advertising company RocketFuel — nearly doubled in value Friday.

The pace does not appear be slowing down. Next week, market watchers expect as many as 13 more companies to make their debuts. If all of them price, it will be the most IPOs in the U.S. in one week since 2007, when 14 hit the market at once, according to data provider Dealogic..

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