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

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But the 8 percent decline isn't as drasti c as it was in thefirst quarter, whichb saw an 83 percent year-over-year drop. The 12 companiexs that filed during the quarterraised $1.6 billion through theirt IPOs, considerably lower than the $4.2 billion raisedc in second quarter 2008. Companiez that went public durinh the quarterinclude Arlington, Va.-based . RST) and San Francisco-based (NASDAQ: OPEN). So far this year 14 companie s havegone public, raising $2.3 That's down 90 percent from the 25 IPOs that raiseed $23.1 billion a year before (Visa's first quarter 2008 IPO represented $17.9 billionb alone).
“A handful of seemingly successful deals does not equaol a turnaround in theIPO market. For a real we’d need to see many more companies filing togo public,” said Tim Hoover’s industry expert . “There are some signws of life onthe however, from a few IPO hopeful within the mortgage and bankingt industries. In Q2 three companiea from this sector filed to go looking to raise what in these timez would quantify as large amounts morethan $500 million each.
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