SECURITIES

IPOs on Track for Record Year: The market for initial public offerings is setting a record this year, with 204 sales valued at $13.3 billion through Friday, Securities Data Corp. said. The second busiest year-to-date for IPOs was 1992, when 181 companies sold $9.68 billion in new stock, said Securities Data, a Newark, N.J.-based firm that tracks securities underwriting and corporate transactions. Driving the boom in IPOs is a record amount of new money being invested in U.S. stock funds, analysts and investors said--$67.4 billion in the first quarter, according to the Investment Company Institute. That is about triple the rate of new fund money in the first quarter of 1995. The year so far has been highlighted by initial sales by AT&T; Corp.’s equipment unit, Lucent Technologies Inc., the largest U.S. IPO ever, and by cosmetics maker Revlon Inc. and online services company CompuServe Inc.