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The red-hot IPO market took a breather last month as the broader indexes tumbled lower.
Some $4.8 billion of initial public offerings priced in October, according to ClickIPO. That was 11 percent less than September and a 23 percent decline from the same month a year before. But it’s still a healthy number when you consider the broader stock market had its worst selloff in over seven years.
The biggest deal was StoneCo (STNE), a Brazilian credit-card processor that raised $1.2 billion. Its offering came shortly before a pro-business candidate was elected president.
Network-security provider SolarWinds (SWI) was the second-biggest deal, weighing in at $375 million. It was followed by Studio City (MSC), a casino operator in the gambling hub of Macau, at $359 million.
Do you want to invest in IPOs? TradeStation now offers access to initial public offerings through ClickIPO, an innovative mobile service that can be linked directly to your brokerage account. Existing clients can click here to get started.
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