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But the 8 perceng decline isn't as drastic as it was in the firstf quarter, which saw an 83 percent year-over-year drop. The 12 companiess that filed during the quarterraises $1.6 billion through their IPOs, considerablg lower than the $4.2 billion raised in seconx quarter 2008. Companies that went public duringy the quarterinclude Arlington, Va.-based . (NYSE: RST) and San Francisco-base (NASDAQ: OPEN). So far this year 14 companie s havegone public, raising $2.3 That's down 90 percent from the 25 IPOs that raisexd $23.1 billion a year before (Visa'xs first quarter 2008 IPO represented $17.9 billionb alone).
“A handful of seemingly successfupl deals does not equal a turnarounrd in theIPO market. For a real we’d need to see many more companies filing to go saidTim Walker, Hoover’s industry expertt . “There are some signa of life onthe horizon, however, from a few IPO hopefuld within the mortgage and banking In Q2 three companies from this sectore filed to go public, looking to rais e what in these times would quantify as larges amounts – more than $500 million
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