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IPO market faring well
April 1, 2007 — 8:01pm ET
Not even a huge sell-off could crush the spirit of the newly resurgent IPO market. In the first quarter, 67 offerings made it to market, compared with 55 a year earlier. A financial services group, alternative investment upstart Fortress Investment Group, paced the field. Its first-day gain of 67 percent drew a few gasps. The big winner for the quarter was commodities risk management firm FCStone. The pipeline seems to be fairly strong, especially among technology companies. Now, it's true that tech firms that make it to market are much different from the dot.com era--that makes the current boomlet all the more impressive.
For more:
- here's an article from MarketWatch
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