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PwC
IPO Activity Surges in
Second Quarter, according to PwC’s IPO Watch
Range of Sectors Active in IPo Market Broadens as Investors Start to Shift Focus to Growth Companies
Henri Leveque
IPO activity surged in the second quarter of 2013, as the volume of new public listings far exceeded the previous quarter, as well as the second quarter of 2012, according to IPO
Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US. There were a total of 62 IPOs in the second quarter of 2013, representing an increase of 82 percent compared to 34 listings in the first quarter of 2013, and an increase of 88 percent compared to 33 listings in the second quarter of 2012.
otal proceeds raised during the second quarter were $13.1 billion, compared to $7.8 billion in the first quarter of 2013, representing a substantial sequential increase of 68
percent. On a year-over-year basis, excluding the Facebook IPO, which raised $16 billion, total proceeds increased by 111 percent. Through
the first two quarters of 2013, the IPO market has outpaced 2012, with 96 IPOs compared to 78 for the first half of last year, an increase of 23 percent. In terms of total proceeds, IPOs in the first half of 2013 raised $20.9 billion, compared to $12 billion for the first half of 2012, excluding Facebook.
JULY 2013