IPOs: On the Comeback Trail

The pace of offerings is picking up, with financial and health-care issues leading the way. But the market still lags its 1999-2000 glory days

The pace of new listings on U.S. exchanges has accelerated to its fastest rate since the hectic days of 1999 and 2000. This year through Apr. 17, there were 55 initial public offerings on U.S. exchanges, an 8% gain from the year-earlier period, according to Renaissance Capital, an investment adviser specializing in IPOs. Seventy-eight IPOs have been filed with regulators so far this year, a 13% rise.

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