IPO Highlights This Year Included Fitbit and Ferrari at the NYSE

The market for initial public offerings should pick up in early 2016, after considerably slowing at the end of the year. Garvis Toler, Head of Global Capital Markets at the New York Stock Exchange, noted that about twenty companies had filed to go public in 2015 but delayed their offerings due to volatility in the markets. ‘The IPO market really closed up,’ said Garvis Toler, Head of Global Capital Markets at the New York Stock Exchange. ‘In fact we had the slowest fourth quarter in about a decade, if you take out the financial crisis.’ In 2015, fifty-nine companies made their public debuts at the NYSE, raising $19.1 billion. The largest IPO in the U.S. this year was First Data Corporation (FDC), which raised about $2.6 billion. Other notable IPOs at the NYSE this year included Fitbit (FIT), GoDaddy (GDDY), Square (SQ), and Box (BOX). Fitbit has been one of the most profitable IPOs for investors, with its stock up more than 40% since its offering in mid-June. ‘We are very excited about the momentum we’ve created in technology,’ said Toler, who explained that the NYSE had listed fifteen technology IPOs, raising $6 billion in proceeds. Toler spoke with TheStreet's Rhonda Schaffler from the floor of the NYSE.