Six more IPOs have priced in the last two days. That’s 12 already this month, and 20 since September 19.
Few of them have been household names. Only Trulia (NYSE: TRLA), the online real estate listing service that went public on September 19, really registers with the mainstream. No-name or not, the returns of recent IPOs have been strong.
Four of the six initial public offerings to price in the last two days are up at least 20%. Only one of them has actually posted negative returns. Average among the 20 companies to go public in the last month is nearly 10%, with Trulia leading the way at 30%.
That’s actually modest compared to the 18% average return for all U.S. IPOs this year. If it holds, that would be the second-highest return rate among IPOs since 2006.
A little more than three-quarters of the way through the year, 111 companies have gone public on U.S. exchanges in 2012. That puts it on pace for the second-most IPOs since 2007.
The year is far from over. Three more IPOs are already in the short-term pipeline, according to the website Renaissance Capital. More companies will surely get in line with the typically IPO-friendly holidays forthcoming and given the strong performance of this year’s other IPOs.