It's been a busy year for initial public offering (IPO) investing, and despite recent volatility, it's looking to be a busy fall for the new issues market…
The stock market has remained firm in spite of increasing tensions in the Middle East and the fear of quantitative easing (QE) tapering from the U.S. Federal Reserve.
While the final two weeks of August saw very little activity in pricing of new deals, companies were busy filing with the Securities and Exchange Commission (SEC) for offerings to be priced and come to market in September and early October.
It looks like 15 companies have filed for offerings and expect to raise nearly $15 billion in the final week of the third quarter. The steady pace has made it possible for some interesting companies to hit our IPO calendar.
Here's a look at the IPO investing forecast.
IPO Investing in 2013: What's Ahead
Next Wednesday, Sept. 18, we will see an airline IPO that is being offered simultaneously in Mexico and the United States.
Volaris Aviation Holdings (NYSE: VLRS) is an ultra-low-cost carrier, or ULCC, based in Mexico. The company plans to offer low-cost air travel that appeals to deal searchers, cost-conscious business people, and leisure travelers heading to Mexico and select destinations in the United States.
According to the prospectus, it is the lowest-cost airline in Latin America right now.
Since it was founded in 2006, Volaris has increased its routes from 5 to 80 and grown the plane fleet from 4 to 43. The airline currently operates up to 235 daily flight segments on routes that connect 30 cities in Mexico and 10 cities in the United States.
The company will be pricing 28.9 million shares between $12 and $14. The joint managers of the offering will be Deutsche Bank Securities, Morgan Stanley, and UBS Investment Bank.
Wednesday also will see the initial offering of a software company that plans to profit from the "cloud"…