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Article: Global IPO Activity Falters, With Fewer, But Larger, Issues Focused On Emerging Markets
- Article from:
- Global Finance
- Article date:
- September 1, 2008
- Author:
CopyrightCopyright Global Finance Media Inc. Sep 2008. Provided by ProQuest LLC. (Hide copyright information)
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CORPORATE FINANCING FOCUS
Strange as it may seem, there have been bigger initial public offerings since the credit crunch hit, but fewer of them. Global IPO activity reached an all-time high of $287 billion in proceeds in 2007 but has slowed considerably amid the economic uncertainty and tumultuous markets this year.
The big emerging market countries of Brazil, Russia, India and China (BRIC) have maintained their market share, while developed markets as a whole saw a decline in both deal volume and proceeds, according to a review of the first half of 2008 by Greenwich, Connecticut-based Renaissance Capital, an independent research firm.
Looking at global IPOs with at least $100 million in ...