IPO Count, Proceeds Doubled Quarter-Over-Quarter in Q2

24/7 Wall St.

initial public offeringThe short week ahead of the Independence Day holiday saw just four initial public offerings (IPOs). That was a lot better than this week, when there are no IPOs on the calendar.

The good news is that we now have a chance to look back at the IPO action for the second quarter. IPOs in the second quarter more than doubled compared with the first quarter of 2015, which posted a two-year low. First, though, a look at what happened last week.

CNX Coal Resources L.P. (NYSE: CNXC) raised $75 million in its delayed IPO, selling 5 million partnership units at $15 each. We have more to say about CNX Coal Resources in another story.

ConforMIS Inc. (NASDAQ: CFMS) raised $135 million, selling 9 million shares at an IPO price of $15 a share. Trading opened Wednesday at $18, and the stock popped 36% that day and closed at $23.50…

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Prinzo and Associates LLC is a tax firm located in Pittsburgh's South Hills. Since 1991 we have been helping clients with tax problems. We also help clients with retirement and other financial needs. If your business is in need of payroll, quickbooks or other financial assistance, we are here to help!

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