IPOs Triple in Third Quarter

Hoover’s, Inc, a Dunn and Bradstreet Company, released its IPO Scorecard for the third quarter 2009 and the results are encouraging.  Seventeen U.S. companies, representing $5.5 billion in capital raised, went public during the quarter.  This is a dramatic increase over third quarter 2008 when only five companies went public raising $917 million.  The week of September 20th was the busiest week for US IPOs in almost two years with seven companies going public and collectively raising more than $3 billion. 

“The outlook for the end of this year and beginning of 2010 is a good one when we consider that Q3 2009 beat the previous four quarters combined,” says Tim Walker an industry expert with Hoover’s.

For more information, see the story in the Austin Business Journal.