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Article: US IPO Activity on Hold as Crisis in the Financial Sector Continues.
- Article from:
- Investment Weekly News
- Article date:
- November 15, 2008
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The number of initial public offerings (IPOs) in the United States (US) has declined for three straight quarters as volatility in the US economy continues unabated. For the first nine months of 2008, there were 54 IPOs that raised $31.2 billion, a significant drop from the 195 offerings that generated $44.7 billion for the same period in 2007. When the $17.8 billion VISA IPO is excluded from the 2008 results, IPO value for the first nine months was just $13.3 billion.
The third quarter of 2008 produced 12 offerings raising $1.9 billion. It was the slowest quarter since the second quarter of 2003, when five IPOs raised $1.6 billion. Comparing the third quarter ...