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Article: PricewaterhouseCoopers US IPO Quarterly Report: US IPO Activity Dwindles Amid Market Uncertainty.
- Article from:
- PR Newswire
- Article date:
- July 24, 2008
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The second quarter of 2008 witnessed the lowest level of IPO activity since 2003
NEW YORK, July 24 /PRNewswire/ -- After a robust year of IPO (initial public offering) activity in 2007, the number of listings in the United States (US) shrank in the first half of 2008. For the first six months of 2008, 42 IPOs raised $29.3 billion compared with 147 IPOs that amassed $32.8 billion for the same period last year. IPO volume (number of deals) for the first half of the year plunged more than 71 percent from the same period in 2007. While IPO value seemed relatively stable, the $17.9 billion VISA IPO skewed the amount of proceeds raised for the first half of 2008. ...