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Capital Markets

Equity market round up: Spotlight on 2008 IPOs

–38 the average percentage return from IPOs globally.

69 the percentage fall in total proceeds raised by IPOs.

50 the average percentage that new-issue prices fell on their first day of trading.

25 the number of companies globally that raised more than $100 million in IPOs in the second half of the year, a 91% fall on the same period in 2007.

16 the percentage of total global IPO proceeds raised in the Middle East. The figure is up 10 percentage points on the year before.

767,000,000 the total dollar amount raised by technology, healthcare and consumer IPOs in the US. Although these are traditionally the lifeblood of the new-issue market, investors heavily discounted growth of these supposedly risky companies, favouring those with higher-visibility business models or exposure to defensive sectors.

7 the total number of venture-capital-backed IPOs in the US. There were 94 such IPOs in 2007, and venture capital companies typically accounted for an average of 47 IPOs a year between 2001 and 2007.

71 the percentage of total US IPO issuance contributed by the top-five deals of the year. Visa, which raked in nearly $18 billion in proceeds, making it the largest US IPO on record, also provided one of the best returns, rising 22%.

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