IPO market rebounds in third quarter, and more deals are in the pipeline

All of a sudden, there's a queue for IPOs. While few observers were paying attention, and the IPO market was assumed to be all but dead, the line was forming and growing.

The IPO pipeline increased to 34 registrants seeking to raise $10.9 billion as of Sept. 30, up from 28 registrants seeking to raise $7.6 billion at the end of June, according to Ernst & Young LLP's quarterly U.S. IPO Pipeline study.

"Patience and preparation are paying off. This rebound of activity rivals the number of new registrants a year ago, which gives the total pipeline a bounce even as many companies go public," said Maria Pinelli, Ernst & Young's Americas Director, Strategic Growth Markets, in a prepared statement.