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Article: Global IPO Activity Fallen by More Than Half Since 2007
- Article from:
- U.S. Newswire
- Article date:
- December 9, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Katie Johnston, Ernst & Young LLP, +1-212-773-7194,
katie.johnston@ey.com
Lowest number of deals over an 11 month period since 1995
LONDON, Dec. 9 /PRNewswire/ -- Global IPO activity has more than
halved since 2007, according to Ernst & Youngs year-end Global IPO
update. During the first 11 months of 2008, a total of 745 IPOs
worldwide raised US$95.3 billion in capital. This compares with
1,790 IPOs over the same period in 2007, which raised US$256.9
billion in capital.
Full-year figures for 2008 are expected to follow this downward
trend, and will compare with a record-breaking 1,979 deals and
US$287.1 billion in capital raised over 2007. Data from Dealogic ...