Waiting in the Wings
Is the IPO market poised for a better performance in the coming year?
There's a glimmer of hope on the horizon as the IPO market looks toward 2004. Despite a gloomy first half of 2003, market insiders are forecasting clear skies for more IPOs in the coming months.
By mid-September 2003, 25 companies had completed IPOs, and 30 more had filed for offerings during the fourth quarter. More than half that activity came during July and August, traditionally quiet months when investment bankers go on vacation and entrepreneurs lie low.