Although 2005 couldn't boast a massively hyped new issue like Google(GOOG Quote), the lack of marquee names wasn't a drag on the performance of this year's crop of initial public offerings.
In its yearly review, IPO specialist Renaissance Capital said the average returns for 2005 new issues were 17%, with 6% coming in the aftermarket, beating the major market indices for the fifth straight year. IPO volume dropped just slightly, with 185 deals priced as of Tuesday and 195 expected by year-end, compared with at total of 216 in 2004.
Renaissance said proceeds raised from the IPOs dropped because of the absence of super-sized deals. As of mid-December, IPOs had produced $33 billion of funds, compared with $43 billion the previous year. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet