Filings Ensued in Volatile Market

Despite the market volatility last week, there were nine new filings that hit the wire, four of which have intriguing stories. PetCo Holdings, REGENXBIO (Nasdaq: RGNX), Surgery Partners (Nasdaq: SGRY) and SiteOne Landscape Supply (SITE) all caught our attention.

While this certainly does not mean that terms for these new issues, or any new issues are imminent, it is noteworthy that these deals are now in the pipeline.  It is our opinion that the market will need to ‘cool off’ and stabilize, at the very least,  before the IPO engine heats back up.

Nevertheless, this period of market uncertainty is occurring during the traditional lull of the IPO market on the calendar. Historically, the late August thru Labor Day time frame is a typical slow period for IPOs.