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

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.