The market for initial public offerings is pacing at levels not seen since the headiest days of the dot-com bubble, when the likes of Webvan and Pets.com were going public with what amounted to little more than a Web address and a dream, Forbes reported.
With 19 IPOs planning to price this week, 2014 continues to outrun 2013, which marked the best year since the financial crisis for new market entrants.
According to IPO data firm Renaissance Capital, 135 IPOs have priced this year through Monday, up 65 percent from a year ago, raising $29 billion, a 55 percent increase. The pipeline for deals is also robust, with 200 IPOs filed, 87 percent ahead of the comparable level in 2013.
The average deal has returned 19 percent from its offering price this year, beating the Standard & Poor's 500's 6 percent gain and the Russell 2000's 2 percent advance.
The pipeline is rich with name brands. Wearable camera maker GoPro Inc. is set to come public this week, cloud storage firm Box Inc. and arts-and-crafts chain Michaels Stores Inc. are among those lining up offerings, and a host of others, like Uber Inc. and its recent $18 billion valuation, are moving toward the public market.