Monday, July 25, 2011

IPOs Heading Upward

The second quarter of 2011 turned out to be a solid one for initial public offerings, with 46 companies going public. That's up 24 percent from a year earlier. And with 18 more IPOs scheduled for July, this month could end up as the second busiest July - normally a quiet time for initial offerings - in the past decade.

It wasn't so long ago that the entire IPO market appeared to be dead in the water. There were 11 IPOs in the entire third quarter of 2008. That dropped to three in the fourth quarter of 2008, and two in the first quarter of 2009. In that first quarter of '09, there were only 50 IPOs in the entire world.

Our economy still has its share of troubles. But the fact that people are once again willing to try to build a business and sell its ownership to the public is an encouraging sign.

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