For those who travel often, it’s increasingly common to find decals on aircrafts indicating Wi-Fi internet.  Most of those decals likely belong to GoGo Inc.

The wireless internet provider has positioned itself well in the airline industry, brokering deals for internet access on airplanes and in airports.  GoGo decided to go public on Friday, revealing in their documents that the company has equipped some 1177 commercial aircraft with internet access, or about 85% of commercial aircrafts in North America.

GoGo reported earned revenues of $113.8 million in the nine months ending September 30, a jump of 89% over the same period in 2010. The operating loss of GoGo in the first nine months of this year was $26.5 million, less than the operating loss of $66.4 million a year earlier.

Financial firms Morgan Stanley, JP Morgan, UBS, Allen & Co., Evercore Partners and William Blair are the underwriters of the IPO.

GoGo joins a host of other companies that launched IPOs in the US in 2011, one of the highest rates in a decade.  AT the beginning of the year, IPOs were in full swing, and things don’t appear to be slowing down.

IPO Fever

Zynga laid out the largest IPO of an Internet company since Google. The company offered 100 million shares at a price listing of %8.50 – $10. Zynga was able to raise $1 billion in funding and $7 billion as market capitalization. Zynga is the creator of the popular Facebook game Sitiville, Farmville, Mafia Wars and others.

Groupon made buzz in market when they became the largest U.S. web IPO company since Google in 2004, several weeks before Zynga’s listing. The daily deals leader raised $750 million for their IPO, beating experts’ prediction of just $480 to $540 million.

Facebook is planning for an IPO for the second quarter of 2012. The Social network hopes to raise $10 billion through its IPO.  And if Facebook’s calculations are correct, the company’s market capitalization would reach $ 100 billion.

Sizzling starts, but can the fun last?

GroupOn and Zynga, and other Internet companies, ended up with weakened performance after their initial stock exchange listings, making Facebook’s impending IPO all the more curious.  Groupon’s listing on the first day fell 12%, Zynga listed below the issue price after just a few minutes. Shares of Groupon and Pandora Internet Radio fluctuated considerably since the beginning of their listings.

While IPO activity is on the rise, it’s fluctuation has caused some to wonder if we’re in the midst of another tech bubble. Citrix Startup Accelerator manager  John McIntyre recognizes the discerning nature of investors these days, but thinks we’re far from another bubble, saying the science of startups is getting better, enabling investors to make smarter ventures.