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Article: IPO Activity to Stay Brisk.(initial public offering)
- Article from:
- Kiplinger Business Forecasts
- Article date:
- January 17, 2005
- Author:
CopyrightCOPYRIGHT 2005 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jerome Idaszak
Initial public offerings (IPOs) of stock by private companies will continue at a fast clip this year, but they won't quite match last year's breakneck pace, when both the number of listings and the total dollar volume of IPOs tripled. The rush to list shares reflects managers' bullish outlook about the stock market and the economy in 2005.
As in 2004, IPO activity won't focus on a particular sector, in contrast to the wave of dot-com listings during the late 1990s and 2000. Plenty of technology firms will go public, but they'll be joined by biotech, financial services, energy, media and utility companies.
Last year, 252 ...