Private equity IPOs faring well

Most of us could use a bit of good news. How's this? According to Financial News Online, private equity backed initial public offerings have fared well over the past five years. In fact, they delivered average aftermarket gains of 25 percent, compared with 16.3 percent for non-financial sponsor-backed offerings. In 2007, the performance apparently widened. The best sponsor-backed deals came from Apollo Advisors, Goldman Sachs Capital Partners and the Blackstone Group, the article notes. Apollo's returns were a whopping 68 percent on average. It's unclear how things will turn out in 2008. The IPO market itself is reeling. The immediate aftermarket has been tough as well.  

For more:
- here's the Financial News Online article

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