More companies raised more money through IPOs this year than last
Wednesday, December 19, 2012 11:39 AM
The total volume and proceeds raised in the 2012 initial public offering (IPO) market market increased over 2011, despite a slowdown in activity during the fourth quarter, according to IPO Watch, a quarterly and annual survey of IPOs listed on U.S. stock exchanges by PwC US.
Following a strong performance in October, the market pulled back as companies waited for clarity on U.S. fiscal policy, PwC said in a news release. As of Dec. 13, 138 companies had raised $40.7 billion through IPOs, compared with 134 companies that raised $35.5 billion in all of 2011.