Last week showed that the IPO market is far from perfect. All in all, the tech offerings were kind of mediocre. This was definitely the case with King Digital Entertainment (KING), whose stock plunged 19%. The company is the developer of the Candy Crush Saga game.
But corrections are normal and healthy for IPOs. After all, the market has had a big run. According to Renaissance Capital, 63 deals have come to market this year and the amount raised has come to a hefty $10.6 billion. The average return was 19%.
Yet with the overall market indices in the bull mode, there should still be many hot IPOs in the coming months. So here’s a look at 3: