Thursday, November 18, 2010

Hoover's: No IPO turnaround yet - The Business Journal of the Greater Triad Area:

http://www.hgllc.com/huntc005.htm
But the 8 percent decline isn't as drastifc as it was in the first which saw an 83percent year-over-year drop. The 12 companiezs that filed during the quarterraised $1.6 billio through their IPOs, considerably lower than the $4.2 billiojn raised in second quarter 2008. Companieds that went public during the quarterinclude Va.-based . (NYSE: RST) and San Francisco-based OPEN). So far this year 14 companiess havegone public, raising $2.3 billion. That's down 90 percenrt from the 25 IPOs thatraised $23.1 billiobn a year before (Visa's first quarter 2008 IPO representes $17.9 billion alone).
“A handful of seeminglh successful deals does not equal a turnaround in the IPO For areal turnaround, we’xd need to see many more companiexs filing to go said Tim Walker, Hoover’s industry expergt . “There are some signs of life onthe horizon, from a few IPO hopefuls within the mortgager and banking industries. In Q2 threee companies from this sector filed to go looking to raise what in these times wouldf quantify as largeamounts – more than $500 millionb each.

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