Headline: Wall Street stages a modest IPO revival Source: Euromoney Date: January 2002 Author: Antony Currie For much of last year US equity issues were hard to get away and for a few weeks September 11 closed off IPOs altogether. Now a revival is apparent, though one characterized by caution. It should persist, if optimism about recovery from recession is not unfounded.
These deals come after the launch of a $690 million deal for support services company Aramark on Monday (with Morgan Stanley and JPMorgan), and a sole lead on a tech deal on Tuesday – Netscreen Technologies’ $160 million IPO. Six other IPOs are priced that week, making it the busiest week for the American IPO market for 14 months. |