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Article: PricewaterhouseCoopers Report: IPO Activity on US Exchanges Surged in 2006 as Billion Dollar Deals Returned.
- Article from:
- PR Newswire
- Article date:
- April 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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Top 10 Deals Spread across a Several Sectors; Financial Sponsor Participation Soars
NEW YORK, April 11 /PRNewswire/ -- Fueled by the strongest fourth quarter for initial public offerings (IPOs) this decade, 2006 saw a 28 percent increase in total IPO proceeds compared to 2005. Deal size increased dramatically with proceeds from the year's top 10 IPOs rising 58 percent in 2006, as eight of the 10 largest deals topped the billion dollar mark. The number of IPOs rose 10 percent, from 221 in 2005 to 236 last year, and the average deal size hit a three-year high of $211.6 million compared to $177.0 million in 2005 and $199.7 million in 2004.
At $19.7 ...