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Article: PricewaterhouseCoopers' U.S. IPO Watch: Third Quarter 2009 IPO Market Strongest since First Quarter of 2008.
- Article from:
- Investment Weekly News
- Article date:
- October 24, 2009
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In the third quarter of 2009, United States initial public offerings (IPOs) recorded the highest quarterly proceeds and number of deals since the first quarter of 2008, with 20 offerings that raised $5.8 billion. According to PricewaterhouseCoopers' Transaction Services practice, the IPO market appears to be working through a solid recovery.
U.S. IPO volume appeared to "hit bottom" in the first quarter of 2009. In fact, for the six months ended March 31, 2009, there were only five IPOs that raised $967 million. However, deal volume picked up in the second quarter and continued to rise in Q3. The third quarter delivered four of the top five IPOs of 2009, including ...