| From Investors Offshore: Global IPO activity has fallen to its lowest level since 2003, according to the quarterly Global IPO update from tax and advisory services firm Ernst and Young.
E&Y's latest update shows that, in the third quarter of 2008, a total of 159 IPOs worldwide raised USD13.1 billion in capital. This is the lowest level of quarterly activity - by number of deals and capital raised - since the second quarter of 2003, which recorded 130 IPOs and USD6.8 billion in cumulative capital...... Full Article: Source
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