New York – As of March 31, there were 164 IPOs with more than $32 billion in filing proceeds registered to go public on U.S. exchanges, according to a new report from Ernst & Young.

Forty-four new companies joined the pipeline during the first quarter, while another 39 launched their IPOs and 10 withdrew their offerings.

By comparison, 46 companies registered, 27 went public and 12 withdrew during the fourth quarter of last year.

With Facebook’s $5 billion IPO in registration, average deal size increased by 22 percent to $195 million. Regionally, California continues to lead deal volume with 33 companies seeking $8.2 billion, followed by Texas (20 seeking $6.2 billion) and Massachusetts (eight seeking $966 million).

This article was also published in Potomac Tech Wire.

Related link:

Ernst & Young – report summary

Ernst & Young – official site

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