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