The volume and value of IPOs from foreign private issuers, particularly China, are also expected to grow during the second half of 2010, according to the report. Foreign private issuers contributed nine offerings raising $540 million during the second quarter; with China leading the pack with six of those offerings.Copyright 2010 American City Business Journals http://houston.bizjournals.com/houston/stories/2010/07/05/daily11.html?ana=thestreet
By Houston Business Journal $90 million. Three Houston-based companies followed up with offerings, each one raising more money than the others: PAA Natural Gas Storage LP ( $216 million); Niska Gas Storage Partners LLC (NYSE: NKA) ( $359 million) and Oasis Petroleum Inc. (NYSE: OAS) ( $676 million). However, skittish market conditions saw the total number of U.S. IPOs decline during the three consecutive months during the quarter: 17 companies came to market in April and 11 in May and June. PricewaterhouseCoopers noted that another 15 IPOs were postponed or withdrawn in May and June, showing hurdles to entering the market still exist. â¿¿While recent market swings have posed a short-term threat to companies looking to price their IPOs, the path to a successful IPO is a journey â¿¿ not a sprint,â¿ said Scott Gehsmann, capital markets partner with PricewaterhouseCoopersâ¿¿ Transaction Services. â¿¿Interim market challenges provide opportunities to reflect on the adequacy of the issuerâ¿¿s readiness to enter the public equity markets and the post-IPO strategic plan.â¿ Sixty-eight companies registered new IPOs during the quarter, and Pricewaterhouse Coopers expects small and mid-cap deals to continue to dominate the space.