The initial public offering for Twitter has gotten a lot of notice recently, as the highest-profile IPO since Facebook's flawed outing last May. But it's really at the forefront of a whole wave of IPOs, including such well-known names as Chrysler and Hilton. We've already seen 132 companies go public in 2013, after just 128 in all of 2012.
In part, that's because investors have begun to believe in the worth of newly public companies. Renaissance Capital, a firm that tracks IPOs, reports that the average return on those 132 new stocks has been 34 percent. That's a far cry from the IPO-mania of the late 1990s, but it also seems like a far more sustainable figure.
Even the much-maligned Facebook IPO has turned out all right. Although the stock lost half its value in the first few months of trading, it's now rebounded to the low 40s, well above the opening price of $38 a share.
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