IPO Insight Weekly Update
2/02/07
The IPO market is continuing to pick up steam. Last week, six new offerings brought in approximately $1.4 billion in total proceeds. In the week ahead, 13 companies are going public for an estimated total offering value of around $3.1 billion, led by New York-based hedge fund manager Fortress Investment Group. We are currently reviewing Fortress and will provide you with our thoughts on this IPO early next week. Fortress is scheduled to begin trading in the aftermarket on Thursday, February 11th.
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With the major stock market indices continuing to make new highs and the U.S. economy performing well, we expect more and more companies to announce intentions to go public over the coming weeks. We would not be surprised to see the number of IPOs rise this year to levels seen in the late 1990s.Read more...
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