IPOs Drop 75%

Posted by: Ben Steverman on August 29, 2008

There have been 74.9% fewer US IPOs this year than last year, according to numbers out today from Renaissance Capital. Last year, 273 IPOs raised $59.7 billion. But only 43 companies have had initial public offerings so far this year, raising $27.8 billion. The gory details here.

(From Emily Thornton)

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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