NewYork leads London in IPO For First Time in Three Years
Azerbaijan, Baku / Trend / For the first time in the last 3 years the New York stock exchange will lead the London Stock Exchange in 2007 as regards the funds received by companies during the initial public offering (IPO) on stock exchanges, Lenta.ru quoted The Financial Times.
As a result of 2007, the amount of the funds collected by debutant companies on the stock exchanges of NYSE and Nasdaq will exceed $51.3bln, analysts of Dealogic company state. That will be more than during the dotcom boom which took place at the beginning of the 21st century when stocks of internet companies increased in prices by tens times. As a result of 2007, LSE will collect $45.8bln.
According to the analysts of Dealogic, the attempts of the American stock exchange regulator to simplify IPO were a success. A total of 208 companies placed stocks on LSE in 2007 and 202 in New-York.
In 2006, the Hong-Kong Stock Exchange left behind NYSE with regards to the IPO amount and yielding only to LSE which took first place.