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Article: Ernst & Young LLP Finds Signs of New IPO Activity, Despite Fewer Deals in the Pipeline
- Article from:
- U.S. Newswire
- Article date:
- July 23, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Katie Johnston, Ernst & Young LLP, +1-201-872-7194,
katie.johnston@ey.com; Susan Sugg-Nuccio, River Communications, +1-
914-686-5599, ssugg-nuccio@riverinc.com
NEW YORK, July 23 /PRNewswire/ -- The IPO pipeline stood at 28
registrants as of June 30, 2009, down 36 percent from the 44
registrants as of Q1 (March 31, 2009), according to the quarterly
Ernst & Young LLP US IPO Pipeline study. This reflects both renewed
IPO activity and the aging of older registrants.
In fact, eight companies entered into registration in Q2 and only
two were withdrawn. Another 10 companies went effective in Q2, up
from two deals in Q1, making this one of the most active quarters in ...