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Article: US IPO Activity on Hold as Crisis in the Financial Sector Continues
- Article from:
- U.S. Newswire
- Article date:
- October 29, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Jenna Focarino, Brainerd Communicators, Inc., +1-212-
986-6667, focarino@braincomm.com, or Nancy Wu,
PricewaterhouseCoopers Transaction Services, +1-646-471-2471,
nancy.n.wu@us.pwc.com
Financial Sponsored-Backed IPOs and SPACs Decrease to a Trickle
While Non-US Issuers Stay Away
NEW YORK, Oct. 29 /PRNewswire/ -- 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 ...