Report: Biggest week for IPOs in eight years

Forget April showers. This year it's April IPOs.

This week, 16 companies are scheduled to make their trading debut, marketing the biggest week for initial public offerings since the end of 2006, according to CNNMoney.

Kathy Smith of IPO investment advisory firm Renaissance Capital says there's "a huge backlog" of IPOs that weren't launched because of the 2008 financial crisis and then other periods of drama such as the debt ceiling battles and shutdowns in Washington D.C.

CNNMoney notes all 16 scheduled IPOs may not occur this week, depending on various factors.

Read more from CNNMoney.