Ally Financial (NYSE: ALLY) went public today and dropped 4% early. But that’s not the only reason for investors to avoid ALLY stock.
- Avoid Ally Financial (NYSE: ALLY) Stock Following IPO
- IPO Calendar 2014: ALLY, LQ, and 12 More Hit the Market This Week
The 2014 IPO calendar will see one of its busiest weeks yet when 14 companies make their public debut this week.
According to the research firm Renaissance Capital, 71 companies have already gone public this year. That's an increase of nearly 122% from this time last year. A total of 116 IPOs have been priced in 2014, which is the highest total in more than a decade.