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 VIDEO

How KPMG is innovating the audit

KPMG's global audit team is using cognitive technology and alliances with tech and university partners to drive audit innovation. See how.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.