New York – Despite continued weakness in the technology
sector, the overall U.S. IPO market has made a dramatic comeback in 2010,
according to new figures from PricewaterhouseCoopers (PwC).
With two weeks left
in the year, U.S. companies have completed 154 initial public offerings (IPOs),
raising $37.5 billion.
The figures represent a 123% increase in deal volume and
49% increase in value, compared with a year ago.
The turnaround has been
somewhat less pronounced in the tech sector, where six IPOs raised just $727.1
million in the fourth quarter, about double the amounts from a year ago, but
still well behind totals from several years ago.