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December 07, 2004
A Blizzard of IPOs as Winter Approaches
Red Herring reports that there is an unusual flurry of IPO activity late in 2004.
"Almost 30 IPOs are on December's new-issues calendar. That's right - 30 deals. Bankers hope to raise about $4.2 billion. This projected volume is even more significant when placed against the seasonal backdrop. The December IPO production line traditionally closes down by mid-month."
And how has this year's class of IPOs been doing so far? Quite well, according to Wall Street.
"...80 percent of 2004's IPOs were selling above their initial offering prices."
This is and indicator of continued good news for the economy for the next year.
Posted December 7, 2004 05:06 AM
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Red Herring: "Almost 30 IPOs are on December’s new-issues calendar. That’s right - 30 deals. Bankers hope to raise about $4.2 billion. This projected volume is even more significant when placed against the seasonal backdrop. The December IPO production... [Read More]
Tracked on December 7, 2004 09:46 AM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
