The Boom In Ip OsChristopher Farrell
Bond prices are surging. The stock market is on a roll. And Wall Street is bombarded almost daily by companies selling stock for the first time. The action in these initial public offerings (IPOs) dwarfs anything seen in the past quarter century. Newly minted companies are on track to raise a record-breaking $12 billion this quarter, bringing the year's total to some $29 billion. Even more impressive, approximately 2,800 private companies have harvested more than $130 billion going public since 1990, and the Standard & Poor's new-issue index is up by 538% vs. 84% for the S&P 500-stock index. Marvels Stephen G. Woodsum, managing partner at Summit Partners, a Boston-based venture-capital firm: "I don't think we've ever seen such a sustained period in which the IPO market was this good."
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