After Facebook freeze, IPO market starts to thaw
Five companies are scheduled to go public next week alone, including Fender, Kayak, and Palo Alto Networks, a maker of computer network security products. After Facebook, just four deals made it to market by the end of June, marking the longest stretch without an initial public offering of stock since August-October 2011. Stocks sank then in the wake of the US debt limit showdown and a deepening European financial crisis. The resurgence now is a welcome indication that dealmakers are regaining confidence about raising money through IPOs.