One sign of the growing strength of the economy is the continuing interest companies have in coming to market in the form of an initial public offering. This year is shaping up as the biggest year for IPOs since before the financial sector melted down in 2008.
There have been 64 listed new public offerings in the U.S. so far this year, raising a total of $16.8 billion. By contrast, at this same time last year, IPOs had raised $13.1 billion. That doesn't include the Facebook IPO, which reaches its one-year anniversary this Saturday and raised $16 billion all by itself, and which helped 2012 become the biggest year for IPOs (in dollars) since 2008.
And the market is heating up. Last week, there were 11 IPOs that came to the various American exchanges. That makes it the top week for IPO activity since way back in December 2007, when the recession was just beginning.
No comments:
Post a Comment