Tuesday, July 6, 2010

Report: IPO Activity Triples In Q2

A new report released this morning from PricewaterhouseCoopers says that U.S. IPO activity nearly tripled in the second quarter. According to PwC, IPO deals nearly tripled in the second quarter, compared to last year, with 39 IPOs raising $5.1 billion for the three months ending June, compared with only 12 IPOs raising $1.6 billion in Q2 of 2009. Those IPOs bring the total number of IPO deals to 66 in the first six months of the year, raising $9.2 billion on the markets, compred with only 14 deals and $2.3 billion in 2009. Of those deals, the most amount raised in the markets was for Energy, where there were four IPOs which raised $1.3 billion dollars. The most number of deals came from the Technology sector, where there were 11 IPOs raising $778.4M.