Despite market improvement in the short term there are no IPO's on the calendar for this week. The S&P 500 has climbed 8% in the past three weeks and during that time, the VIX Volatility Index (VXX  ) remained below 25. It closed below 17 for the first time this year, which could set the stage for a rebound in IPO activity. Despite this, new filing activity has dried up, suggesting that a broad recovery for the IPO market is at least several weeks away. KLR Energy Acquisition (KLREU  ), a blank check company led by the former CEO of EPL Oil & Gas, will attempt to raise $100 million in the week ahead. The original deal had been scheduled for a $130 million offering in the prior week. Note: A "blank check" offering is one in which the company is going public for the sole reason of purchasing another company.

Interesting historical note: Companies going public after a stretch of IPO inactivity have historically outperformed. During these times only IPOs with solid fundamentals (positive sales and margins) pitched at attractive valuations are enough to reignite investors' interest. This information excludes biotech's as they typically are unpredictable in nature.