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Article: PricewaterhouseCoopers U.S. IPO Watch Report: After a Record Year of U.S. IPO Activity in 2007, 2008 is Off to a Sluggish Start.
- Article from:
- PR Newswire
- Article date:
- April 21, 2008
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2007 U.S. IPO activity was the highest since 2000, fueled by special purpose acquisition company (SPAC), alternative investment manager (AIM) and non-U.S. company IPOs
NEW YORK, April 21 /PRNewswire/ -- United States IPO (initial public offering) activity in 2007 was the highest since 2000. During 2007, 296 IPOs generated $65.1 billion in proceeds compared to 236 IPOs that raised $49.9 billion in 2006. The turbulence in the credit markets did not hinder IPO activity in the latter half of 2007. In fact, the fourth quarter, with 101 IPOs, was the most active quarter in terms of IPO volume in the last eight years.
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