Friday, June 25, 2010

A Company’s Debut Hints at an I.P.O. Revival -

A Company’s Debut Hints at an I.P.O. Revival -
"...a decade after its founding, Higher One got its chance on June 17, raising nearly $35 million in an initial public offering on the New York Stock Exchange. The shares made their debut at $12 and closed on Thursday at $14.67, a slight rise from their first-day close.

Many analysts view Higher One’s success as a sign of a long-awaited thaw in the market for initial public offerings. About 62 companies have come to market this year in the United States, according to Thomson Reuters, outpacing the 61 that went public last year and the 34 that did so in 2008. An additional 125 companies have started the process in hopes of soon going public"
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