Hoover's: No IPO turnaround yet - The Business Journal of the Greater Triad Area:

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But the 8 percent declines isn't as drastic as it was in the firsrt quarter, which saw an 83 percent year-over-year drop. The 12 companies that filef during the quarterraised $1.6 billion through their considerably lower than the $4.2 billiob raised in second quarter 2008. Companiees that went public during the quarterinclude Arlington, Va.-base . (NYSE: RST) and San Francisco-basex (NASDAQ: OPEN). So far this year 14 companie havegone public, raising $2.3 billion. That's down 90 percenty from the 25 IPOs thatraised $23.q billion a year before (Visa's first quartedr 2008 IPO represented $17.9 billion alone).
“A handful of seeminglt successful deals does not equal a turnaround in the IPO For areal turnaround, we’d need to see many more companies filing to go public,” said Tim Hoover’s industry expert . “There are some signs of life onthe however, from a few IPO hopefuls within the mortgage and bankinh industries. In Q2 thred companies from this sector filex togo public, looking to raise what in these timesd would quantify as large amounts – more than $500 millio n each.
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