Energy Is the Market’s Only Winning Group. Here Come the IPOs
- Recent filings follow months of outperformance by public peers
- US IPO window has been shut to most firms since January
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Energy stocks are outperforming every other group in the S&P 500 Index this year to such an extent that some of their peers are even considering testing the all-but-dead market for initial public offerings.
Four companies from the sector have filed for US IPOs this month, tying with July of 2019 for the most in more than five years. That contrasts with the rest of the IPO market, where the number of new filings has been trending down for most of 2022.