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Article: A Profitable Year for Initial Public Offerings
- Article from:
- Weekly Corporate Growth Report
- Article date:
- January 3, 2005
- Author:
CopyrightCopyright NVST, Inc. Jan 3, 2005. Provided by ProQuest LLC. (Hide copyright information)
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After a slow start, 2004 turned out to be a good year for initial public offerings. Due to a considerable increase in offerings in the last quarter, 2004 ended with IPO volume roughly triple that of 2003. Europe is seeing a similar boom. IPOs have not only been numerous, they have also proven to be profitable.
As of late December, research firm Dealogic tallied 276 initial public offerings in 2004, raising a total of $54.52 billion. This is an impressive increase compared to the same period in 2003, which saw 84 IPOs, raising $18.02 billion. The week of December 13, 2004, saw 20 offerings come to market, making it the busiest single week for IPOs since August 11, 2000, according to data ...