The IPO market is gradually coming back. After the huge run-ups in ACIA and TWLO, more companies are eager to go public. We may not be too far from seeing a really big fish filing for an IPO – Snapchat or Uber.
Based on current price action, the market is eager for new IPOs. Taking into account that all new companies offer only 10 to 20% of their float and thousands of funds compete to own a limited number of shares, it is not a big surprise that IPOs are a favorite trading vehicle for many traders.
Here are a few names that I am watching: NTNX, COTV, NH, PI, TPIC, LN, PTI, YRD, AVXS, AIRG, FLGT, etc.