3 IPOs Jump In Debuts As New Issue Momentum Continues

A pair of biotechs and a bargains retailer continued the IPO momentum as a positive market environment fueled the number and performance of new issues. The IPO market has stayed hot after 33 companies went public in June -- the most for any month since 2000, according to Renaissance Capital, a manager of IPO-focused exchange traded funds. "Returns have been strong in the IPO market," Renaissance Capital co-founder and principal Kathleen Smith told

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