Last week was fairly awful for new stocks. Of the six companies that went public, only two posted positive returns: NantKwest (NK) and Aqua Metals (AQMS). Actually, the average return for all the deals was a grim 5% loss.
This underwhelming performance wasn’t exactly anything new, though. The market activity for new stocks in July was mostly lukewarm. According to Renaissance Capital, there were only 17 IPOs last month, raising about $2.8 billion — down from 33 offerings and $8.2 billion in the same period a year ago.
As for the upcoming week, things should pick up a bit, as there are 8 deals on the calendar. So let’s take a look at each. Read