Report Sheds Light on IPO Market


Report Sheds Light on IPO Market
U .S. markets are holding their own against foreign competition for initial public offerings (IPOs), says a report by Ernst & Young.

Key among E&Y’s findings is the fact that most companies list on exchanges close to home. Even at the height of the dot-com boom, 94% of foreign companies listed their IPOs domestically. E&Y identified only 17 “competitive” foreign IPOs in the first half of 2006. Of them, U.S. exchanges won 11 (65%). In 2000, U.S. exchanges won 73% of competitive IPOs, according to the same criteria E&Y used in its 2006 analysis. To determine whether an IPO was globally competitive, E&Y looked at, among other factors, the companies’ market caps and target investors.

Source: Ernst & Young, www.ey.com .

SPONSORED REPORT

A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.