Last week was quite revealing as 27 deals sauntered their way into the market for a total proceeds of $8.6 billion. Although only 2 more deals priced this week compared to the previous week’s total, proceeds nearly doubled week-over-week and broke $5.0 billion for the first time in four weeks. The first week of May brought 7 IPOs to market, generating $1.9 billion in proceeds, compared to the same period last year, which saw 9 IPOs for $1.4 billion. The first day of trading for the IPOs of May delivered mixed results, with Bojangles’, Inc. popping 25.0%, while Colucid Pharmaceuticals slid 20% from its opening price. Overall, the week’s debuts saw an average first day gain of 2.3%.