Tags: US | IPO | Filings | initial | public | offerings

US IPO Filings in April Highest Since 2007, Renaissance Says

Tuesday, 26 Apr 2011 12:47 AM


Monthly filings for U.S. initial public offerings in April are at the highest in more than three years as companies including Jiayuan.com International Ltd. and BrightSource Energy Inc. seek to raise capital, Renaissance Capital LLC said.

New filings for U.S. IPOs total 31 so far this month, the most since 40 companies registered with the U.S. Securities and Exchange Commission in August 2007 to go public, Greenwich, Connecticut-based Renaissance, an IPO investment firm, said on its website today.

Almost half of this month’s new filings have happened in the past week, and 21 completed IPOs in April have raised a total of $5.6 billion, Renaissance Capital said. Jiayuan, a Beijing-based online-dating company, and BrightSource, a U.S. solar-power equipment maker, have announced plans for U.S. IPOs since April 20.

The Renaissance data excludes filings by special-purpose acquisition companies, closed-end funds and trusts.

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