Your dog on soybean meal.
Some 123 companies are hoping to cash in on how well their predecessors did over the last three months are coming to market. Get ready to snap up some shares of that gym chain that wants to pump you up within reason, the good people who’d never countenance feeding your dogs dried beet pulp, corn gluten meal or mixed tocopherols, and some more goddamned healthcare companies.
A plentiful backlog comes after the first half of the year saw 104 IPOs, the fewest in the first six months of a year since 2013, according to data provider Dealogic….
Among those companies expected to go public in the coming months include consumer brands Planet Fitness and Blue Buffalo, as well as enterprise security firm Rapid7. Renaissance says 15 health-care companies joined the pipeline in June, suggesting the sector will remain active after accounting for more than one in three offerings for four consecutive quarters.
IPO Activity Expected to Pick Up in the Third Quarter [WSJ MoneyBeat blog]