2004 was an important turning point for IPO activity around the world with an increase for the first time since 2000 in both the number of IPOs and the total capital raised, a survey by Ernst & Young has revealed. There were 1516 flotations globally in 2004 raising $124 billion of capital with every major region showing an increase in activity. The UK was the number one spot internationally in terms of numbers of listings with 191, the highest for any national market, raising $6.8
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