Increased volume and average value of IPO filings in Q3.
An interesting tidbit I uncovered today when I was trawling through the Filings pages on IPO Central: the current quarter is better than any of the previous four quarters in terms of
- number of IPO filings,
- total value of proposed IPOs, and
- average value of proposed IPOs.
Here’s the whole story, in handy chart form:
| Period | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 |
|---|---|---|---|---|---|
| # of filings | 16 | 6 | nil | 7 | 21 |
| Total value | $5,174 M | $1,107 M | nil | $1,869 M | $9,940 M |
| Average value | $323 M | $185 M | nil | $267 M | $473 M |
This doesn’t mean that happy days are here again for the IPO market (especially if you equate “happy days” with any period like the dot-com bubble of ten years ago), and even a robust IPO market can’t save us from continued economic weakness or uncertainty.
It does mean, though, that the folks running these companies — and the market-savvy financiers working for their IPO underwriters — like their chances for making sensible IPOs over the coming months better than they did at any time in the past year.
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Related posts:
- Total value of 2009 IPO filings, month by month.
- A bumper crop of IPOs?
- A (relative) flurry of activity in the IPO market.
- Silicon Valley, the IPO drought, and the culture of innovation.
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[...] been following the posts on the IPO market here, you’ll know that things got much better during the third quarter of this year. Well, the story has stayed happy during October and the early days of November, [...]