NEW YORK, June 15 Software maker Medidata
Solutions Inc has rescheduled its initial public offering until
next week, one of the deal's underwriters said Monday, setting
the stage for the busiest week for IPOs since April 2008.
Medidata, which serves drugmakers such as Johnson & Johnson
(JNJ.N) and seeks to raise about $75.6 million, plans to price
its IPO on June 24, with trading to start the following day.
Two other IPOs, by Chinese water treatment equipment
distributor Duoyuan Global Water Inc DGW.N, and Chemspec
International Inc CPC.N, a Chinese chemicals company, are set
to price next week as well.
If all three deals go ahead as planned, it will be the
busiest week for IPOs in the United States since the week of
April 21, 2008, which saw four deals, including billion-dollar
IPO by Intrepid Potash Inc (IPI.N) and American Water Works Co
So far in 2009, seven IPOs have launched -- excluding those
by real estate investment trusts -- with dollar proceeds down
about 94 percent over where they were at this time last year,
according to Thomson Reuters data.
Medidata's IPO was initially going to price on June 17.
(Reporting by Phil Wahba, editing by Maureen Bavdek)