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Article: Global IPO volume down 22 pc in Q3, BRIC defies trend.

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PTI - The Press Trust of India Ltd.
Article date:
October 24, 2007
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Global IPO volume down 22 pc in Q3, BRIC defies trend

New Delhi, Oct 24 (PTI) Despite the sub-prime crisis spreading its wings to the Indian stock market, the country along with its emerging market peers China, Brazil and Russia defied a sharp plunge in the worldwide IPO market in the third quarter of 2007, a study said today.

The number of global initial public offerings dropped by 22 per cent in the July-September quarter compared with the previous quarter, according to the quarterly Global IPO Report from international consultancy firm Ernst and Young.

While mature markets experienced a slowdown, emerging markets continued to thrive with ...

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