New registrants in the IPO pipeline reach levels not seen since Q3 2008
NEW YORK – The IPO pipeline increased to 34 registrants seeking to raise $10.9 billion as of September 30, 2009, up from 28 registrants seeking to raise $7.6 billion at the end of Q2 (June 30, 2009), according to the quarterly Ernst & Young LLP US IPO Pipeline study.
This increase reflects tremendous activity throughout the quarter, including 30 new registrants, 14 companies that went public (including some of the new registrants) and 15 companies that passed the one-year expiration for inclusion in the study. Comparatively, the previous quarter included eight new registrants and 10 companies that went public.