Fledgling companies feasted at the trough of equity markets
during the late 1990s. But when the markets went bust in 2000, so
did initial public offerings. IPOs reached a peak of 443 in 2000
but then started to fall precipitously, according to a study
released recently by Dealogic LLC, a corporate finance data firm.
Dealogic currently pegs the IPO market at a 12-year low and reports
just three IPOs so far this year, with one business quarter already
gone by the boards.
|
Yearly IPOs
|
||
|
|
$ Amt. (mm)
|
Iss.
|
|
1990
|
5,294
|
154
|
|
1991
|
16,950
|
331
|
|
1992
|
29,274
|
535
|
|
1993
|
54,210
|
732
|
|
1994
|
41,227
|
624
|
|
1995
|
50,954
|
597
|
|
1996
|
78,213
|
876
|
|
1997
|
77,048
|
634
|
|
1998
|
53,158
|
382
|
|
1999
|
101,542
|
541
|
|
2000
|
108,635
|
443
|
|
2001
|
46,027
|
97
|
|
2002
|
27,258
|
86
|
|
2003
|
1,208
|
5
|
| Total |
690,998
|
6037
|