February Sees Another Record in IPO-Land

Though the Dow's recent retreat has spurred talk that the bull market is on its last legs, February's record results show that the IPO market hasn't flagged one bit.

Following a record January, February brought a staggering $7.56 billion in proceeds for newly public companies. And the outlook for companies lining up at the trough in the coming months remains bright, though investors will note that the performance of big offerings this year has been a bit uneven.

Last month, 56 IPOs made it out of the gate, with proceeds nearly doubling the amount raised last February, according to Thomson Financial Securities Data. The biggest deals were Savvis Communications(SVVS Quote), which raised $408 million; Intersil (ISIL Quote), $500 million; Dobson Communications (DCEL Quote), $550 million; and Carrier 1 International (CONE Quote), $410 million. ...